HomeMy WebLinkAbout2018-10-22 18-395 Order
10/22/201818-395
10/22/2018
18-395
Community & Economic Development
Order
040-038-B
Title, Order
Authorizing Execution of a Development Agreement with Michael and Donna Allen for a Vacant Parcel located
on Market Street
This order will authorize a development agreement with Michael and Donna Allen for the sale and
construction of a new single-family home on Market Street for $3,000. In April 2015 the City took
possession of the property by virtue of matured tax liens. After acquisition, the City investigated
options for the reuse of the property. Ultimately, the city decided to demolish the existing structure
and sell the vacant residential lot for development. If approved, Michael and Donna Allen will
purchase the land for $3,000 and build a single-family home for a family member. This will benefit
the City by returning the property to the tax rolls and creating new housing in the community.
This item was reviewed and recommended for approval by the Finance Committee at its October 15,
2018 meeting.
Finance Committee
10/15/2018
Recommend for passage
50
Consent
10/22/201818-395
CITY OF BANGOR ORDER
10/22/2018
18-395
Supica
Authorizing Execution of a Development Agreement with Michael and Donna Allen for a Vacant Parcel located
on Market Street
WHEREAS, the City of Bangor owns a parcel of land on Market Street (Map/Lot 040-038-B) acquired by the
City by virtue of matured tax liens; and
WHEREAS, the City of Bangor wishes to dispose of this property; and
WHEREAS, Michael and Donna Allen wish to purchase the property and construct a single-family home on the
property;
Be it Ordered by the City Council of the City of Bangor that,
Catherine M. Conlow, City Manager, is hereby authorized on behalf of the City of Bangor to execute a
Development Agreement with Michael and Donna Allen for the sale and construction of a single-family
dwelling located on Market Street. The terms of the agreement shall include a purchase price of $3,000, a
minimum investment by the developer of $180,000, that the construction be substantially completed by
December 31, 2019, and that the property remain taxable or if the property should become exempt from
property taxes for any reason that payment of the taxes shall be accomplished by the payment in lieu of taxes
(PILOT).
IN CITY COUNCIL
OCTOBER 22, 2018
CO 18-395
MOTION MADE AND SECONDED FOR PASSAGE
PASSED
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