HomeMy WebLinkAbout2019-07-22 19-296 Order
07/22/201919-296
07/22/2019
19-296
Finance
Order
034-215
Title, Order
Authorizing Disposition of City Property located at 108 Third Street
This order will authorize the City Manager to execute the documents necessary for the transfer and
development of the property located at 108 Third Street for multi-family housing with General
Interest, LLC. The City acquired and demolished the property located at 108 Third Street through
the Neighborhood Stabilization Program (NSP) via Housing and Urban Development. The grant
requires that disposition of NS properties meet the national objectives to benefit people not
exceeding 120% of the AMI or be disposed of at fair market value. Staff sought proposals with a
minimum bid of $14,800 to satisfy the requirements of NSP disposition. The sealed bids were
received and opened by Staff. Three proposals were received with two offers made for multi-family
housing and a third for a single family home.
Steve Farren, of General Interest, LLC., submitted a complete RFP package to build multi-family
housing, and provided two proposed concept drawings that best match existing neighborhood
aesthetics along with a bid price of $15,000. Mr. Farren is a local businessman who owns multiple
properties in Bangor including three on Third Street. The final agreements will be in a form
approved by the City Solicitors Office.
This item was reviewed and recommended for approval by the Finance Committee at its July 15,
2019 meeting.
Finance Committee
07/15/2019
Recommend for passage
Staff recommends approval.
Consent
07/22/201919-296
CITY OF BANGOR ORDER
07/22/2019
19-296
Nealley
Authorizing Disposition of City Property located at 108 Third Street
WHEREAS, the City owns a vacant parcel of land located at 108 Third Street (Map and Lot 034-215); and
WHEREAS, the City wishes to dispose of this property for development; and
WHEREAS, the City requested bid proposals; and
WHEREAS, Steve Farren, of General Interest, LLC. wishes to purchase the lot and develop multi-family
housing on the property and has submitted an offer of $15,000 for the and land:
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR, THAT
the City Manager is hereby authorized, on behalf of the City of Bangor, to execute those documents necessary
for transfer and development of the property at 108 Third Street (Map and Lot 034-215) to Steve Farren, of
General Interest, LLC. The final agreement will be in a form approved by the City Solicitors Office.
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