HomeMy WebLinkAbout2019-09-23 19-378 Order
09/23/201919-378
09/23/2019
19-378
Finance
Order
031-051A
Title, Order
Authorizing the Disposition and Development of a Single Family Home on the Property Located at 40 Nelson
Street
This Order would authorize the sale of 40 Nelson Street to R&B Developers, Inc. The property
located at 40 Nelson Street was acquired by the City through the Neighborhood Stabilization
Program. In order to satisfy disposition criteria for the program, the lot needs to be sold at fair
market value. The property was submitted for RFP with a minimum bid of $16,300 to satisfy this
requirement.
During the RFP process, R&B Development made an offer of $16,300 for the purchase and
development of the lot. R&B Development was the only bidder meeting both the RFP and NSP
criteria.
At its September 9, 2019 meeting, the City Council approved a zone change for a portion of the
property from Parks and Open Space to URD-1, in an effort to facilitate the development of this
property for a house.
Finance Committee
09/16/2019
Recommend for passage
50
Consent
09/23/201919-378
CITY OF BANGOR ORDER
09/23/2019
19-378
Supica
Authorizing the Disposition and Development of a Single Family Home on the Property Located at 40 Nelson
Street
WHEREAS, the City owns the property located at 40 Nelson Street through the Neighborhood Stabilization
Program (Map and Lot 031-051A); and
WHEREAS, the City is seeking to redevelop this property for single family housing; and
WHEREAS, the City recently rezoned this property to URD-1; and
WHEREAS, the property was offered for RFP; and
WHEREAS, a bid to purchase and develop the property was received from R&B Development in the amount of
$16,300:
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 the transfer and development agreement of a single family house on the property located at 40
Nelson Street (Map and Lot 031-051A) to R&B Developers, LLC under the following conditions:
1. The developer shall purchase the property for $16,300.
2. The developer shall spend a minimum of $177,000 on the development of a single family home.
3. The developer shall obtain a building permit on or before May 1, 2020.
4. The developer shall complete the project and obtain a certificate of occupancy within one year of obtaining
said building permit.
The final agreement will be in a form approved by the City Solicitor's Office.
IN CITY COUNCIL
SEPTEMBER 23, 2019
CO 19-378
MOTION MADE AND SECONDED FOR PASAGE
PASSED
ClfveL-EXIV