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HomeMy WebLinkAbout2004-11-10 Business and Economic Development Committee Minutes BUSINESS AND ECONOMIC DEVELOPMENT COMMITTEE November 10, 2004 � Minutes Councilor Attendance: Greene, Farrington, Cashwell, D'Errico StafF Attendance: Barrett, Heitmann, Martzial, McKay, Bates 1. Residential Rehabilitation Emergency Loan, 246 Seventh Street Martizal indicated that the loan is for sewer line repair and boiler replacement. He also indicated that the structure needs to be brought into code compliance and that he would be returning to the committee for additional funding. A motion was made and seconded to approve staff's recommendation. 2. Residential Rehabilitation Emergency Loan 2594 Broadway Martzial said the resident at this location had applied for a loan to reconstruct her home to accommodate for her disability. She also has roof in need of repair. Martzial said he would be returning to the committee for additional funding for the roof repair. A motion was made and seconded to approve stafF's recommendation. � 3. Heat System Replacement 251-253 Union Street Marizial said that this is City-owned property in the Union Place neighborhood. The boiler system is in poor condition. A motion was made and seconded to approve staff's recommendation replace the system. 4. Council Ordinance 05-09 ��Adopting Chapter 95, Cultural Development" .- In the initial draft of the Ordinance, Bates explained that the contemplated commission on cultural development was inadvertently named the Cultural Advisory Commission. The proposed amendment will address that error. Barrett noted a correction needed on page 19c on the revised agenda. Commission Cultural Advisory Commission should be Commission on Cultural Development. The item will be going to the full Council for its approval. 5. Council Ordinance 05-10 ��Adopting Chapter 23, Article III Commission on Cultural Development" " This Commission will be responsible for administering the Cultural Development ordinance. The recommendation to establish this commission was included in the draft Cultural Plan that has been reviewed by the Finance Committee. A motion was made and seconded to approve stafF's recommendation. The item • will be going to the full Council for its approval. � ___ _ _ _ _-- -- -- 1 , 6. Sunbury Properties, LLC Development Agreement . McKay said that Sunbury has been designated tentative development of lot 10 in � j the Ma�ne Business Enterprise Park. Sunbury is ready to mave forward with the project and a development agreement is needed. The pians are for a 2 stary, 23,004 sq. ft. building. The offering price is $147,695 based on the Cit}r's asking price of $54,500/acre. Construction would begin in August af 2005 to be completed within a two-year per[ad. A motian was made and seco�ded to approval staff's recommendation to authorize an option agreement for the purchase and develapment of Lot 10 in the Maine Business Enterprise Park. The item will be gaing to the full Council for its approv�l. 7. Masonic Main Street Property Update McKay said the City has been working with the Masons to lacate a new site. The Masans want to se11 the downtown property giving the City the first priot-ity. They have located a potentia! site in the Maine Business Enterprise Park and would like to exchange the downtown property for this three-acre parcel. If this exchange doesn't take place and if the City acquires the property, it wauld require an appraisal and offer a price based on that appraisai. The acquisitian and improvement of this properry is an eligible expense under the City's federally funded Community Deve{apment Block Grant program. A mation was made and seconded to authorize staff to secure an appraisal of the praperty; authorize the Business and Economic Development Committee to approve all offers for the purchase and acquisition af the properly; and, should an ofFer be accepted, � authorize stafF to acquire the property on behalf af the City of Bangor. The item will be going to the full Council for its approval. �