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HomeMy WebLinkAbout1983-07-25 83-269 ORDER83-369 Introduced by Councilor saucy, July 25. 1983 CITY OF BANGOR (TITLE) Wrbfr, Authorisdng FkkrvF, of Applioatious 83-022anal 83-03 for t SMban Development Action Grant Fvnde By tis City Cowui! of My ofBmnyor: THAT, .The City Council of the City of Bangor,as the local governing body, hereby directs ami authorises the City Manager to submit to and file with the Department of Housing and When Development applications for Urban Development Action Grant Frmds as provided for in Title I of the Housing and Comity Development Act of1974, copies of which applications are on file with the City Clark; to promide such additional infoamation and fu'mish such dooments an ®y be required by the Department of Housing and Urban Development; to eseeate such contract or contracts as may be necessary for the grant applied for; and to execute and file requisitions for funds. BE W FURTHER ORDERED, THAT, the City Massager is hereby appointed as the authorised representative a the City of Burger to act in Connection with such application of the City of Bangor. for Federal feuds under Title I a the Housing end Comity Development Act of 1974. 5 83-69 In City Cowell July 25,1983 _ O R D E R Title, Authorizilni Ellin 9f Application 2wti� 83-82 pd ..... ........ P .can ➢ CiClerk.............. ...... .. f............... "Aelon t ant Pontis In4odu ed aD{t file .. C.. calman '155 y �y •il :>;. CI Section B - Protect Description 1. Brief Project Description This project consists of one transaction: the acquisition rehabilitation and conversion of the v cant Adams - Pickering Building at 105 Main Street into retail and restaurant' space and 20 market -rate apartments. This 32,620 gross square foot, mid 19th Century commercial building has been vacant for approximately one year, It is located on the Main Street of downtown Bangor, surrounded by commercial development. This project will be developed privately by Adams -Pickering Associates, a general Maine partnership. Under this proposal, all of this building will be rehabilitated and converted into retail and restaurant space and 20 apartments at cost of $1,698,731. This project includes the provision of required parking on site for approximately 32 cars. J � i SIAM YORK II $CAL : 1 InEh aaala Ob feat Section B - Project Description 1. Brief Project Description. This project consists of one transaction with two elements: (1) The rehabilitation and conversion of the vacant Motor Mart Building at 112 Franklin Street into 25 Condominium apartments. This 46,171 gross square foot, early 20th Century c rcial building has been vacant for approximately six months. It is located on downtown Bangor's re-emerging Franklin Street. This project will be developed privately by 1912 Associates Development Corporation. Under this proposal, all of this building will be rehabilitated and converted into condominium apartments at a cost Of $2,100,000. This will be known as Stratham Place. (2) The construction of parking improvements to the - Abbott Square public parking lot by the City of Bangor. These improvements will include the resurfacing of parking surfaces, reconstruction of islands, landscaping of two banks and a esplanade, planting of screening trees at the parking lot boundary and stream bank, and the installation of lighting and directional and identification signs. Existing surface parking will be re -arranged to increase the efficient use of available space to recover parking spaces lost in the conveyance of land to the developer. These public improvements will be acomplished ata cost of $200,000 to be paid for with the requested WAG funds. These parking improvements will enable the City to convey approximately 12,500 sq. ft. of Abbott Square to the 1912 Associates Development Corporation to provide exterior amenities essential for a suitable residential environment for purchasers of the condominium apartments proposed for the Murray Motor Mart Building. PROJECT SITEit 1 1� \ FsOt