HomeMy WebLinkAbout2013-04-08 13-128 ORDERCOUNCIL ACTION
Item No. 13-128
Date: April 8, 2013
Item/Subject: ORDER, Designating Bangor Housing Development Corporation Tentative
Developer of Freese Building Condominium — 96 Main Street
Responsible Department: Legal
Commentary:
This Order, if approved, will designate the Bangor Housing Development Corporation as the
tentative developer of the City owned condominium unit in the former Freese Building, Main
Street, Bangor. In December, The City issued a Request for Proposals (RFP) for the
development of the Freese unit and received three proposals.
After a thorough review of the proposals, the selection committee recommends that the City
enter into an agreement with the Bangor Housing Development Corporation for the
redevelopment of the Freese Condominium. The Bangor Housing Development Corporation
proposed a mixed use project that includes 10 market rate lofts on the top floors with some type
of commercial use on the first floor. The Housing Development Corporation was selected
because of their development experience and because their proposal included the highest level
of investment.
If approved, this designation shall be in effect until October 15, 2013. During the period of
designation, the City will deal exclusively with Bangor Housing Development Corporation for the
purpose for the redevelopment of the City owned condominium unit in the former Freese
Building. Additionally, City staff is authorized to negotiate a final development agreement with
Bangor Housing Development Corporation for the City Council's Consideration setting forth the
proposed terms and conditions under which the proposed development would be allowed to
move forward.
This item was reviewed and recommended for approval by the BED at its April 2, 2013 meeting.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
X Passage
First Reading
Referral
Department Head
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City Manager
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Finance Director
icitor
13-128
APRIL 8, 2013
Assigned to Councilor Sprague
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CITY OF BANGOR
�q'TE 0r
y
(TITLE.) ORDER, Designating Bangor Housing Development Corporation Tentative Developer
of Freese Building Condominium — 96 Main Street
WHEREAS, the City of Bangor is the owner of a condominium unit in the former Freese
Building on Main Street; and
WHEREAS, the City of Bangor issued a Request for Proposals (RFP) for the development of
the condominium unit; and
WHEREAS, Bangor Housing Authority Development Corporation, along with others, submitted
a proposal in response to the RFP; 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 Bangor Housing Development
Corporation as "tentative developer" of the condominium unit in the former Freese
Building in order to allow time for the City and Bangor Housing Development
Corporation 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,
Bangor Housing Development Corporation is hereby designated the tentative developer of the
City owned condominium unit in the former Freese Building, Main Street, Bangor. This
designation shall be in effect until October 15, 2013. During the period of designation, the City
agrees to deal exclusively with Bangor Housing Development Corporation for the purpose for
the development of the City owned condominium unit in the former Freese Building and City
staff is authorized to negotiate a development agreement with Bangor Housing Development
Corporation 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
April 8, 2013
Motion made and seconded for Passage
Pas d
CITY C9ERK