HomeMy WebLinkAbout2019-10-16 19-398 Order
10/16/201919-398
10/16/2019
19-398
Finance
Order
030-027
Title, Order
Authorizing the City Manager to Execute a Disposition and Development Agreement with Gary and Melanie
Frost for a Single Family Home Located at 28 Fremont Street for $4,000
This Order would authorize the city manager to execute a disposition and development agreement
with Gary and Melanie Frost for redevelopment of property located at 28 Fremont Street. The
property was acquired in 2019 by the City through matured tax liens (CO 19-288). The city issued an
RFP for disposition and development and only received one bid.
The Agreement will include the following terms: the purchase price will be $4,000; the buyers will
spend a minimum of $50,000 on the rehabilitation of the single family home; obtain a building
permit on or before December 1, 2019; and complete the project and obtain a certificate of
occupancy within one year of obtaining a building permit; and the property shall remain taxable in
perpetuity.
Finance Committee
09/16/2019
Recommend for passage
50
Consent
10/16/201919-398
CITY OF BANGOR ORDER
10/16/2019
19-398
Weston
Authorizing the City Manager to Execute a Disposition and Development Agreement with Gary and Melanie
Frost for a Single Family Home Located at 28 Fremont Street for $4,000
WHEREAS, the City owns the property located at 28 Fremont Street through through matured tax liens ; and
WHEREAS, the City is seeking to dispose of properties and have them rehabilitation for housing; and
WHEREAS, the property was offered for RFP; and
WHEREAS, a bid to purchase and develop the property was received from Gary and Melanie Frost in the
amount of $4,000:
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 single family house located at 28 Fremont
Street (Map and Lot 030-027) to Gary and Melanie Frost. The agreement shall include the following terms
and conditions: the purchase price of the property shall be $4,000; the buyer shall invest not less than on the
rehabilitation of a single family home; the buyer shall obtain a building permit on or before December 1,
2019; the buyer shall complete the project and obtain a certificate of occupancy within one year of obtaining
said building permit; and the property shall remain taxable in perpetuity. The agreement shall be in a final
form as approved by the City Solicitor's Office.
IN CITY COUNCIL
OCTOBER 16,2019
CO 19-398
MOTION MADE AND SECONDED FOR PASSAGE
PASSED
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