HomeMy WebLinkAbout2005-02-16 Business and Economic Development Committee Minutes BUSINESS AND ECONOMIC DEVELOPMENT COMMITI"EE
� Wednesday, February 16, 2005, 5:00 PM
CITY COUNCIL CHAMBERS
Councilor Attendance: D'Errico, Hawes, Tremble, Stone
Staff Attendance: Barrett, McKay, Bolduc, Dyer, Kathy Patterson
Others: Chip Hutchins, Tom Russell, Mo Fer, Brian Ames
The meeting was called to order at 5:00 p.m.
It was moved and voted to accept the Consent Agenda.
� 1. Review of Penview Associates Final Development Plans - The City's
Option Agreement with Penview Associates for development of 32
condominiums on the waterfront was reviewed by the Committee.
Tom Russell provided an overview, supplemented with a report from
Brian Ames on the project, including site plan changes. There is a
sixty-foot height limit. Poor subsurface conditions have been
discovered—in lieu of the ledge there is a soft soil problem, and the
developers have requested that some credit be allowed for additional
costs associated with the poor subsurface conditions in general; they
� have requested that the purchase price of the land be paid at the time
they take out their permanent finances; condominium agreements
must be filed, which means that ownership of the land must be in
effect. A first mortgage would be secured between issuing the deed
and permanent financing. The developers have asked for the City to
reaffirm our commitment to the Summer and Cedar Street projects.
We have received $150,000 through the BACTS process to begin the
engineering work on the project.
After discussion, it was moved and voted to recommend to Council to
approve final development plans. It was moved and voted to forward
to Council the motion for Council to provide recommendations
pertaining to subsurface conditions, the temporary financing of the
land purchase, and issues surrounding conveyance of title.
There was discussion on parking and associated costs.
2. Departmental Review- Bass Park (BP): Mike Dyer reported on the
operations at Bass Park, reminding committee of the Bass Park
Mission, the goals and objectives for 2006; events held; budgetary
items, including operating costs and revenue enhancements, including
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ticketing services/technologies available, and scoreboard advertising
� panels.
Life safety code requirements continue, including replacing the
sprinkler heads in both buildings. Additional funding will be
necessary.
B, C and D basketball tournaments will continue to be held at BP.
Mike noted that BP operation relies heavily on part-time seasonal
employees for the success of each event.
It is a goal to retain the Bangor State Fair as a preeminent summer
activity attracting tens of thousands of visitors to Bangor and
providing a positive revenue stream. The Fair needs to be `fresh'
entertainment since disposable income is being stretched. Options
are being considered to continue to attract the numbers.
It was moved and voted to adjourn into Executive Session.
The meeting adjourned at approximately 7 p.m.
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