HomeMy WebLinkAbout2016-07-25 16-289 ORDERCOUNCIL ACTION
Item No. 16-L89
Date: July 25, 2016
Item/Subject: Order, Authorizing the Execution of Agreement with David S. Boyd for 73
Central Street (Map 041, Lot 083)
Responsible Department: Legal
Commentary: This Order will authorize the execution of an agreement with David S. Boyd for
acquisition of property located at 73 Central Street. A real estate tax lien on property located at
73 Central Street has matured. The property owner, David S. Boyd, has requested that the City
of Bangor convey title to the property back to him. Additionally, Mr. Boyd has expressed a
willingness to enter into an agreement with the City to remedy all code deficiencies with the
property including fixing the fagade, sprinkler system, and creating commercial space on the first
floor. Should the Council agree to work with Mr. Boyd, staff suggests the following terms and
conditions:
• Mr. Boyd shall pay to the City all outstanding charges due to be held in escrow pending
completion of the agreement;
• Mr. Boyd shall submit to the City all plans for redevelopment including a time table to
obtain permits, a time table to do the work, and a construction progress schedule;
• Mr. Boyd shall provide to the City evidence of financing and a monetary guarantee for
completion of the work;
• The City will convey the property upon compliance with all terms and conditions of the
agreement;
• David S. Boyd will execute all documents necessary to remove the cloud on the title that
exists by virtue of it being tax acquired property
Should Mr. Boyd fail to comply with all of the terms and conditions of the agreement, the City
will retain the property. The Agreement shall be in in a final form as acceptable to the City
Solicitor or Assistant City Solicitor. This item was reviewed and approved at the July 18 Finance
Committee Meeting.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
Passage
First Reading
Referral
Department Head
Page , of _
City Manager
Finance Director
City Solicitor
16-289
JULY 25, 2016
Assigned to Councilor Sprague
CITY OF BANGOR
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(TITLE.) ORDER, Authorizing the Execution of Agreement with David S. Boyd for 73 Central
Street (Map 041, Lot 083)
WHEREAS, a real estate tax lien on property located at 73 Central Street has matured; and
WHEREAS, the property owner, David S. Boyd, has requested that the aty of Bangor convey
title to the property back to him; and
WHEREAS, David S. Boyd is willing to pay all outstanding charges due the City and enter into
an agreement with the City to rehab the real estate to bring it into compliance with all
appropriate codes and to rehab the first floor to make it suitable to lease.
6y the City Coul7dl of the Oty ofBanga:
ORDERED,
THAT Catherine M. Conlow, City Manager, is hereby authorized on behalf of the City of Bangor
to execute and Agreement with David S. Boyd to the redevelopment of 73 Central Street. The
terms and conditions of said Agreement shall include that David S. Boyd shall pay to the City all
outstanding charges due to be held in escrow pending completion of the agreement;
submission of plans, a time table to get permits, a time table to do the work, a construction
progress schedule, evidence of financing, a monetary guarantee for completion of the work;
conveyance of the property upon compliance with all terms and conditions of the agreement;
execution by David S. Boyd of documents necessary to remove the cloud on the title that exists
by virtue of the it being tax acquired property if he fails to meet all of the terms and conditions
of the agreement. Said Agreement shall be in in a final form as approved by the City Solicitor
or Assistant City Solicitor,
IN CITY COUNCIL
JULY 25, 2016
MOTION MADE AND SECONDED FOR PASSAGE
MOTION DOUBTED
VOTE: 8-1
COUNCILORS VOTING YES: BALDACCI, DURGIN, NEALLEY, NICHOLS, PERRY,
PLOURDE, SPRAGUE, FAIRCLOTH
COUNCILORS VOTING NO: GRAHAM
PASSED
CITY CLE