HomeMy WebLinkAbout2016-10-24 16-384 ORDERCOUNCIL ACTION
Item No. 16-384
Date: October 24, 2016
Item/Subject: ORDER, Authorizing an Amendment of the Purchase Option and Development
Agreement with John Karnes for Development of Former Pine Tree Inn —
22 Cleveland Street (Tax Map 001-017)
Responsible Department: Community & Economic Development
Commentary:
The City of Bangor has a Purchase Option and Development Agreement with John Karnes for the
redevelopment of 22 Cleveland St. Mr. Karnes has been diligently working on the project, however,
additional time is needed to complete the renovation. Mr. Karnes has requested an extension of the
completion date of the project to March 15, 2017.
This item was reviewed and recommended for approval by the Business & Economic Development
Committee at its October 18, 2016 meeting.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
X Passage
First Reading
Referral
s/ Tanya Emery
Department Head
C;"ii M L�,
City Manager
Finance Director
City t4icitor
Page _ of _
Assigned to Councilor Graham
CITY OF BANGOR
16-384
OCTOBER 24, 2016
(TITLE.) ORDER, Authorizing Execution of an Amendment of the Purchase Option and
Development Agreement with John Karnes for Development of Former
Pine Tree Inn — 22 Cleveland Street (Tax Map 001-017)
WHEREAS, the Bangor City Council on June 8, 2015, by Council Order 15-210, authorized
the execution of a Purchase Option and Development Agreement with John
Karnes for the development of 22 Cleveland Street, the former Pine Tree Inn;
and
WHEREAS, the Bangor City Council on January 25, 2016, by Council Order 16-069,
authorized an amendment to the Purchase Option and Development Agreement
to extend the closing on the sale of the property to April 30, 2016; site work and
building improvements to commence no later than May 16, 2016; and site work
and building construction to be completed no later than October 31, 2016; and
WHEREAS, John Karnes has diligently pursued completion of all requirements of the
Purchase Option and Development Agreement; and
WHEREAS, John Karnes has requested an amendment to the Purchase Option and
Development Agreement to receive additional time to meet some of the
requirements of the agreement.
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
Catherine M. Conlow, City Manager of the City of Bangor, is hereby authorized to execute, on
behalf of the City of Bangor, documents necessary for an amendment of the Purchase Option
and Development Agreement with John Karnes for land and buildings located at 22 Cleveland
Street, Bangor, Maine. Said Purchase Option and Development Agreement shall be amended
such that the site work and building construction are to be completed no later than March 15,
2017. Said documents shall be in a final form as approved by the City Solicitor or the Assistant
City Solicitor
IN CITY COUNCIL
OCTOBER 24, 2016
CO- 16-384
PASSED
CITY CLERK