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HomeMy WebLinkAbout1989-08-14 89-340 ORDERDate` WV•Me^8.c� 1989 Item No. 89-360 item/Subject: waterfront Redevelopment Project Responsible Department: Community 5 Economic Development Commentary: City Staff and the Continuity and Economic Development Depart- ment have been working with Burgundy Realty Trust on a proposed redevelopment project for the vacant building beside the Berry/ Dunn/McNeil/Parker building on Pleasant Street. Phase 1 of the project includes the rehabilitation of12,000 square feet of office space. The applicants have proposed to construct a pedestrian bridge for public use as part of the project and are requesting that a building easement of. 20' be granted by the City to allow the addition of entranceways from the vacant South Street r.o.w. The developers have requested approval of a framework for a agreement with the City on this project. This will asist them in making a decision on purchase of the property prior to an option expiration. The Community and Economic Development Committee approved the preliminary agreement at its August 8, 1989 isatin(-_=1g�- D xme MMann,.agee�r'$ Comments:.yg ll It wUia.� rte\ AJ V a u caycay.New�//IA Associated Information: Budget Approval: Fina mDlr Legal Approval: dl p MfmO i5 W p} l -�'SpmooiG. Sfia1 whrA 's n dse(Iw{Mr E^�wr.� Jr�la A ruT'. (.a C'f dan nai aw �fjw. ox, saaerrwro Pie. 'n Jib 9feerl? a,d I t 0401 /Mi nny 41t ed agemtn a <t Z <eY 7 Gr re. Izz 4n^elly Introduced For Opassap 0First Reading ❑ Referral i JiSecr Y JA'l. l Warr 4150 f0enfon ap' ya5e xn1 in a O9lie a{rml-- Ii yaalA he beffri U /J[ ,f Cllr c II Rr rX ,1�hC1211 s ft,4 S kadol1 Page_ of_ 89-340 Aadpwd to Comaor SosmuL, August 14, 1989 CITY OF BANGOR (inu 0rUr,__.d RR.Lgyin9 the, Framework of. an AgreemgAt. Between the. City of Bangor and Burgundy Realty Trust regarding the Redevelop- ___,_„_,,, „...........merit 1f a_Bildin9 locatad at 46 Pleasant.. Street.,. BY de CRY Coamil of W CRY of Bangor: ORDERED, THAT the Department of Community and Economic Development staff and the City Solicitor's office work with Burgundy Realty Trust to develop an agreement that reflects the following responsibilities in the redevelopment of 46 Pleasant Street: Burgundy Realty Trust 1. will rehabilitate building at an estimated cost of $1,500,000 (Phase 3); 2. build a pedestrian bridge across the Maine Central Railroad to the waterfront area at an estimated cost of $100,000. The bridge -shall be built within two years and shall be subject to design and location review by the City of Bangor; 3. lease at market rate a minimum of 70 parking spaces at central parkng facilities (Pleasant/South/Railroad Street area) or the Front Street area or on -street permit spaces for a 5 -year period; 4. maintain landscape in South Street r.o.w. if landscape easement is granted. City of Bangor 1. grant 20' building easement and 50' landscape easement in the undeveloped South Street r.o.w.; 2. initiate acquisition negotiations for land in the Pleasant/South/Railroad Street areas, 3. provide central parking in the area or provide 30 spaces in the Front Street area or provide 30 on -street permit parking spaces within 500' of the redevelopment site for a period of 5 years. 89-340 ORDER xn City council august 14,1989 Passel Title, A roving the Fremom ork of an agreement C y Clet hensY Tthe city of Bangor aannd]eBurgundy Qi A hPg ed',at, 9,6 Pleacat Aniged to ' ....................................... Councilman