HomeMy WebLinkAbout2019-10-16 19-400 Order
10/16/201919-400
10/16/2019
19-400
Finance
Order
053-183
Title, Order
Authorizing the City Manager to Execute a Disposition and Development Agreement with Habitat for Humanity
for Property Located at 177 Pearl Street in the Amount of $5,000
This Order would authorize the City Manager to execute a disposition and development agreement
with Habitat for Humanity for the acquisition of property located at 177 Pearl Street.
The property was conveyed to the City in 2013 (CO 13-240) and demolished in 2015 due to its
deteriorated condition. The city issued an RFP for development of the property and received one
offer from Habitat for Humanity.
Habitat for Humanity, of Bangor, submitted an offer of $5,000 for the purchase and development of
a two story single family home with the intent to sell the property to an LMI qualified person. This
will be Habitat's first ever Interfaith House Build, where Habitat will be partnering with local
churches, synagogues, and other places of worship to create affordable housing.
If approved, the Habitat for Humanity will purchase the property and invest $146,000 in new
construction. Additionally, Habitat agrees that they will pull a building permit by February 1, 2020
and complete construction within one year.
Finance Committee
09/16/2019
Recommend for passage
50
Consent
10/16/201919-400
CITY OF BANGOR ORDER
10/16/2019
19-400
Sprague
Authorizing the City Manager to Execute a Disposition and Development Agreement with Habitat for Humanity
for Property Located at 177 Pearl Street in the Amount of $5,000
WHEREAS, the City owns the vacant property located at 177 Pearl Street; and
WHEREAS, the City is seeking to dispose of the property and have then developed for housing; and
WHEREAS, the properties were offered for RFP; and
WHEREAS, a bid to purchase and develop the property was received from Habitat for Humanity, in the
amount of $5,000; and
WHEREAS, Habitat for Humanity proposes to build a two story single family home to sell.
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 the proposed two story single family house to be
located at 177 Pearl Street (Map and Lot 053-183) to Habitat for Humanity, The agreement shall include the
following terms and conditions: the purchase price shall be $5,000; the buyer shall invest not less than
$146,000 on the development of a two story single family home; the buyer shall obtain a building permit on
or before February 1, 2020; the buyer shall complete the project and obtain a certificate of occupancy within
one year of obtaining said building permit; and the deed of conveyance from Habitat for Humanity to its buyer
shall include a conditions that the property remain taxable in perpetuity of make a 100% payment in lieu of
taxes. The agreement shall be in a final form as approved by the City Solicitor's Office.
IN CITY COUNCIL
OCTOBER 16,2019
CO 19-400
MOTION MADE AND SECONDED FOR PASSAGE
PASSED
CI Y CLE