HomeMy WebLinkAbout2020-12-28 21-062 Order
12/28/202021-062
12/28/2020
21-062
Finance
Order
047-180
Title, Order
Authorizing the Sale and Development of 149 Elm Street.
This Order would authorize the sale of 149 Elm Street to Apollo Properties, LLC for $50,001. Council
Order 20-339 authorized the city to take possession of property located at 149 Elm Street for
matured utility liens. In November, a request for proposals (RFP) was issued to purchase and
rehabilitate the property. The city received 6 proposals for the property.
The recommendation is to award the bid to Jonathan and Greg Hughes, of Apollo Properties, LLC,
who submitted an offer to purchase the property for $50,001 and spend a minimum of $72,000 to
rehabilitate the property. If approved, Apollo Properties agrees to obtain permits by May 1, 2021
and complete the work within one year. Additionally, Apollo agrees to reverter in the deed if they
fail to complete the work and to pay taxes or make payment in lieu of taxes. Apollo Properties, LLC
was the high bidder, has the experience necessary to complete the rehabilitation, and has
Contractor's available to work on the property. Apollo Properties, LLC intends to list the property on
the housing market after the rehabilitation is complete.
This order addresses the Council goal of improving quality and quantity of housing to meet demand
for workforce housing, life cycle housing, and supportive housing within the community.
Finance Committee
12/21/2020
Recommend for passage
50
New Business
12/28/202021-062
CITY OF BANGOR ORDER
12/28/2020
21-062
Okafor
Authorizing the Sale and Development of 149 Elm Street.
WHEREAS, the City owns the property located at 149 Elm Street through matured utility liens,
WHEREAS, the City is seeking to sell the property and have it rehabilitated for housing,
WHEREAS, the City issued a request for proposals for the purchase and development of the property, and
WHEREAS, a bid to purchase and rehabilitate the property was received from Apollo Properties, LLC in the
amount of $50,001 that would also require Apollo Properties, LLC to invest a minimum investment of $72,000
in the rehabilitation of the property,
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 of the single family house located at 149 Elm Street (Map and Lot 047-180) to
Apollo Properties, LLC, and for the development of said property by the same under the following conditions:
1. That the developer shall purchase the property for $50,001 and spend a minimum of $72,000 on the
rehabilitation of the property,
2. That the property be rehabilitated as a single family home and brought into compliance with applicable
building and life safety codes,
3. That permits for the construction be obtained by May 1, 2021 and that development be completed within
one year of obtaining the permits,
4. That a reverter favoring the City and for the purpose enforcing the development conditions be contained in
any deed to Apollo Properties, LLC, and
5. That taxes or a payment in lieu of taxes (PILOT) always be paid upon the property.
Any final documentation will be in a form approved by the City Solicitor's Office.
IN CITY COUNCIL
DECEMBER 28,2020
CO 21-062
Motion made and seconded for Passage
Vote: 9—0
Councilors Voting Yes: Davitt,Dubay,Fournier,Hawes,Nichols, Okafor, Schaefer, Sprague,Tremble
Councilors Voting No: None
Passed
CITY CLERK/