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HomeMy WebLinkAbout2016-08-22 16-324 ORDERCOUNCIL ACTION Item No. 16-324 Date: August 22, 2016 Item/Subject: Order, Designating CMI Inc. Tentative Developer of a Portion of a Lot of Land on Maine Avenue and Union Street — 511 Maine Avenue (Map 001- Lot 001-W) Responsible Department: Legal Commentary: This Order, will grant CMI Inc. of Bangor Maine, tentative developer status for the development of up to 2.5 acres of land located at 511 Maine Avenue which also abuts Union Street. The City of Bangor is the owner of a parcel of land abutting our bus and fleet operations on Maine Avenue. CMI Inc. has proposed to develop the property located at 511 Maine Avenue into office space. To do so, CMI is requesting tentative developer status to provide time to complete due diligence. The City has granted "tentative developer" status to potential developers on various City owned development sites in the past which will allow the City time to prepare a development agreement for the City Council's consideration. By granting tentative developer status, the city agrees to deal only with CMI inc. for the duration of the agreement. This item was reviewed in executive session on August 8, 2016. Department Head Manager's Comments: ali f�q �", City Manager Associated Information: Budget Approval: Finance Director Legal Approval: ity of itor Introduced for Passage First Reading Page _ of _ Referral 16-324 AUGUST 22, 2016 Assigned to Councilor Graham i i BA'vC i �- CITY OF BANGOR - �R<iED,fE (TITLE.) Order, Designating CMI Inc. Tentative Developer of a Portion of a Lot of Land on Maine Avenue and Union Street — 511 Maine Avenue (Map 001- Lot 001-W) WHEREAS, The City of Bangor is the owner of a parcel of land abutting Maine Avenue and Union Street; and WHEREAS, CMI Inc. has proposed to develop said property; and WHEREAS, development of the parcel is in the best interest of the City of Bangor; and WHEREAS, the City has granted "tentative developer" status to potential developers on various City owned development sites in the past, thereby providing the developer and the City time to prepare a development agreement for the City Council's consideration and during which time the City agrees to deal exclusively with the designated tentative developer for the purpose for which tentative developer status was granted; and WHEREAS, it is in the best interest of the City to designate CMI Inc. as "tentative developer" of a portion of land on Maine Avenue and Union Street in order to allow time for the City and CMI Inc. to negotiate a development agreement for consideration by the City Council. NOW, THEREFORE, BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT, CMI Inc. is hereby designated the tentative developer of a portion of the City owned property abutting Union Street and Maine Avenue with an address of 511 Maine Avenue (Map 001, Lot 001-W). This designation shall be in effect until October 31, 2016. During the period of designation, the City agrees to deal exclusively with CMI Inc. for the purpose for the development of a portion of the City owned property abutting Union Street and Maine Avenue with an address of 511 Maine Avenue (Map 001, Lot 001-W) and City staff is authorized to negotiate a development agreement with CMI Inc. for the City Council's consideration setting forth the proposed terms and conditions under which the proposed development would be allowed to move forward. IN CITY COUNCIL AUGUST 22, 2016 CO 16-324 PASSED CITY CfERK