HomeMy WebLinkAbout1960-09-26 222-M ORDERIntroduced by Councilor Delano M -M Ol �CITY OF BANGOR (TITLE) Mrbtty Auth 1mg_the. City Manager to Eecutean, Agreement __.. By W Cfty Council of the City of Batgor: ORDERED, THAT the City Manager be and hereby is authorized to execute an agreement with owners in the Industrial park area relative to the development of this land. A copy of the agreement is on file m.. the City Clerks office. 222-M ORDER 9uthanizine tAe_City. Manager. to rt Execut9 9greement with_OxnOrfr in._. Lquatrial Park Introduced sad G d bI I.IL Sept. 26 1960 26� 1960 PASSEL) ........... Ceootllmo m K AGREENEN7 By and Between F. D. Freese, Agent for the F. H. Drummond Hairs Lydia Godsoe Katandin Couwil Incorporated, Boy Scouts of America and City of Bangor (re Crosby Woods area) Dated, June 9, 1960 PAW OW AukL CcU%AKLLARS Ax LAW June 9, 1960 City of Bangor Bangor, Maine Attentions Joseph Coupal, City Manager Gentlemen: You axe endeavoring to develop an industrial park area, so-called, in Bangox in the area south of the new industrial spur and west of Main Street. Thus fax various industxial buildings have been built along Farm Road and on Thatcher Street. The undersigned are the owners of lands located southwesterly of Thatchex Street on both sides of your proposed "Perry Road" which is the area in which you are suggesting possible further development at this time. You have furnished us with a plan entitled "Street and Sewer Lay -out in Industrial Park Area" prepared by your Engineering Department under date of February 20, 19M and have shown upon it the proposed lay -out of lots for industrial purposes on both sides of that road. We understand you would like to be able to explain to interested persons that there is land available at a reasonable price upon which industrial plants can be built so as to be able to encourage such persons to build in Bangor and to compute their costs with a reasonable degree of accuracy. You have asked that we as owners of the land set a price at which we would be willing to sell the whole or any part of the land at any time and from time to time during the three year period beginning Apxil 1, 1%0, and have suggested what the City might be expected to do under such cixouastances. 1Ye are glad to cooperate. In order to eliminate misunderstanding in the future we are setting forth your proposal, as we undexstand it, and we are willing to proceed on this basis, namelys City of Bangor June 9, 1960 1. W will cmrvey to you free of charge a 66 -foot strip of land at the location presently proposed for Perry Road that you may construct a highway in that location suitable to handle motor vehicles of all kinds. lxL, 2. During the 3year period beginning April 1, b9fiBk' you will construct such a highway at such location. 3. Ne understand that the City Council may lawfully assess the lots abutting such highway in such proportion as the lots are benefitted by the highway, provided always that such assessment may not exceed one-half the cast of the con- struction of the highway, but if you do so, you agree to defer indefinitely the collection of such assessment unless and until lots are sold or built upon, when it is further understood and agreed that you will collect only so much of the assessment as relates to the lots sold or built upon. A somewhat similar type of arrangement was reached when the sewer was laid out and constructed along the same route. 4. Earring the 3year period, subject to any sales which we may make through a" own efforts, we will stand ready to convey one or more lots to any private person, firm or corporation you have found who wishes to purchase the same for the purpose of constructing thereon a building or buildings for use for industrial purposes and net for resale, at a sale price Mich will produce to us a sum of $2,500.00 per acre over and above any and all special assessments and/or betterments that may be assessed against the same fox roads, fewer, water and the like. It is further understood that taxes will be pro rated as of the date of sale. We have attempted to arrive at a figure Mich will be fair to the City, to prospective purchasers, and to us as owners alike assuming the area is developed both as you are proposing by the construction of a highway and by sale of enough of the property to stimulate an active market for the balance. City of Bangor -3- June 9, 1960 5. If a sale is made of any lot it will not be of such a size or location as to leave any inaccessible or back area undisposed of and any lots sold on the northwesterly side of the highway will extend to the line of the Interstate highway. 6. Since the purpose of this agreement is to permit you to encourage industrial development in the area on the basis of known costs for the prospective purchaser, there will of course be no commission involved on any sales which may result from your efforts. We believe this letter, which will serve as an agreement between us upon your acceptance of its terms, sets forth accurately the proposal you have made to us. Very truly yours, ID. �ic21�d.� F. D. Francs, Agent for the F. H. Drummond Heirs •iii, i// H EpIID, CITY of BANGpi By 1960