HomeMy WebLinkAbout2019-10-16 19-403 Order
10/16/201919-403
10/16/2019
19-403
Finance
Order
054-192
Title, Order
Authorizing the City Manager to Execute a Disposition and Development Agreement with J&R Contracting
Group Inc. for property located at 69 Fruit Street
This Order would authorize the City Manager to execute a disposition and development agreement
with J&R Contracting for the sale of city owned property located 69 Fruit Street. The property was
acquired by the City through matured tax and utility liens in July, 2019 (CO 18-293). The city issued
an RFP for redevelopment of the property.
The agreement will include the following terms and conditions: the purchase price of the property
shall be $1,100; the buyer shall invest not less than $35,000 on the rehabilitation of the property for
a single 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 a building permit; and the property shall remain taxable in perpetuity. The agreement shall
be in a final form as approved by the City Solicitors Office.
Finance Committee
10/07/2019
Recommend for passage
50
Staff recommends approval.
Consent
10/16/201919-403
CITY OF BANGOR ORDER
10/16/2019
19-403
Schaefer
Authorizing the City Manager to Execute a Disposition and Development Agreement with J&R Contracting
Group Inc. for property located at 69 Fruit Street
WHEREAS, the City owns the property located at 69 Fruit Street ( Map and Lot 054-192), due to matured tax
liens; and
WHEREAS, the City wishes to dispose of properties and have them rehabilitated for housing; and
WHEREAS, the City requested bid proposals; and
WHEREAS, J&R Contracting Group Inc, the only bidder, wishes to purchase the property and has submitted an
offer of $1,100 for the house 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 the transfer and development agreement of the single family houses located at 69 Fruit Street
(Map and Lot 054-192) to J&R Contracting Group Inc. The agreement will include the following terms and
conditions: the purchase price of the property shall be $1,100; the buyer shall invest not less than $35,000 on
the rehabilitation of the property for a single 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 a building permit; and the property shall remain taxable in perpetuity. The agreement
shall be in a final form as approved by the City Solicitors Office.
IN CITY COUNCIL
OCTOBER 16,2019
CO 19-403
MOTION MADE AND SECONDED FOR PASSAGE
PASSED
CITVftERW