HomeMy WebLinkAbout2025-09-08 25-269 Order *��a�$qH a CITY COUNCIL ACTION
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!,�/' 1�,, Council Meeting Date: 09/08/2025
If��-' �'� Item No: 25-269
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'��A����ti Responsible Dept: Community & Economic Development
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Requested Action: Order Map/Lot: R09-007-D
Title, Order
Authorizing the Sale of 110 Hildreth Street in Bangor to Maine Recycling Corporation in the Amount of
$2,091,600
Summary
This Order will authorize the City Manager the sale of 110 Hildreth Street in Bangor, a city-owned
property, to Maine Recycling for $2,091,600.
The sale is contingent upon the purchase of the property being completed within 100 days from
execution of this order. Should the sale not be completed within the 100 day window, the lease
currently held by Maine Recycling at 110 Hildreth Street in Bangor will not be eligible for renewal at
the end of its term.
This item was reviewed and recommended for approval at the Business & Economic Development
Committee meeting on September 3, 2025.
Committee Action
Committee: Business & Economic Development Committee Meeting Date: 09/03/2025
Action: Recommend for passage For: 5 Against: 0
Staff Comments &Approvals
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City Manager City Solicitor Finance Director
Introduced for: New Business
�-art_aa;y�� CITY OF BANGOR ORDER
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i%�m��;� ��m Date: 09/08/2025
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�,v�. .� Item No: 25-269
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°Rar�n,��-�� Assigned to Councilor: Hawes
Authorizing the Sale of 110 Hildreth Street in Bangor to Maine Recycling Corporation in the Amount of
$2,091,600
Whereas, JSI has assigned their lease to Maine Recycling Corporation; and
Whereas, Maine Recycling Corporation seeks to own the property and invest in the city.
Be it Ordered by the City Council of the City of Bangor that, the City Manager is hereby authorized to execute
the sale of the property addressed at 110 Hildreth Street to Maine Recycling Corporation in the amount of
$2,091,600.
IN CITY COUNCIL
SEPTEMBER 8, 2025
CO 25-269
Motion made and seconded for Passage
Vote: 8 — 1
Councilors Voting Yes: Beck, Deane, Fish, Fournier, Hawes, Leonard, Tremble, Pelletier
Councilors Voting No: Mallar
Passed
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DEPUTY CITY CLERK