HomeMy WebLinkAbout2009-02-23 09-093 RESOLVECOUNCIL ACTION
Item Nop q Q 4 3
Date: 2-23-09
Item/Subject: Resolve, Appropriating Up to $100,000 of Racino Fund Balance for a Market
and Sizing Study for a Large Meeting and Event Facility
Responsible Department: Executive
Commentary:
After considerable recent discussion at the Business and Economic Development Committee, the
Committee recommends that the City proceed with a market and sizing study for a large meeting
and event facility in Bangor. As a result of the discussions, the focus of the study will be refined
to emphasize determining the amount that the City can afford to invest in such a facility, what
that investment can purchase, the extent of the market that such a facility can serve, and the
operating subsidy that it will require. The Committee also expressed a desire that the potential
for renovating and expanding the current Auditorium and Civic Center be evaluated as an option
to a new facility. A joint meeting of the Committee and the Special Committee on Arena
Implementation has been scheduled to discuss and review the proposed scope of the study.
Based on the proposals initially received, the cost of such a study will range from $51,860 to
$92,950, although this later figure included certain elements of the work that are probably
beyond the required scope and a lower price would likely result from negotiations with that
proposer, if chosen. We anticipate that the final cost will be in the neighborhood of $75,000.
Any unused amount will remain within the Racino fund.
Department Head
Manager's Comments: The Committee also recommended that the Council dispense with
second reading and take final action on this item on Monday. A motion to dispense with second
reading requires 6 affirmative votes for approval. 4
444kl-
City Manager
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
Passage
X First Reading
Referral
Page _of_
Finance Director
City Solicitor
09-093
(as amended)
Assigned to
CITY OF BANGOR
(TITLE.) Resolve, Appropriating Up to $75,000 of Racino Fund Balance for a Market and Sizing
Study for a Large Meeting and Event Facility
BY THE CITY COUNCIL OF THE CITY OF BANGOR:
BE IT RESOLVED,
that up to $75,000 is hereby appropriated within the Racino Fund for the purpose of
undertaking a market and sizing study for a large meeting and event facility. Any amounts
unused for this purpose shall remain within the Racino Fund.
.19 093
Assigned to Councilor Hawes February 23, 2009
CITY OF BANGOR
(TITLE.) Resolve, Appropriating Up to $100,000 of Racino Fund Balance for a Market and
Sizing Study for a Large Meeting and Event Facility
BY THE CITY COUNCIL OF THE CITY OF BANGOR:
BE IT RESOLVED,
that up to $100,000 is hereby appropriated within the Racino Fund for the purpose of
undertaking a market and sizing study for a large meeting and event facility. Any amounts
unused for this purpose shall remain within the Racino Fund.
IN CITY COUNCIL
February 23, 2009
First Reading
Motion Made and Seconded to
Dispense with the Seconded
Reading
Passed
Motion Made and Seconded to
Amend by Substitution
Rassed
Motion Made and Seconded for
Passage As Amended
Passe$ As Amended
TY CLERK
(TITLE,) Appropriating up to $100.000 of
Racino Fund Balance for a Market and
Sizing Study for a Large Meeting and
Event Facility
Assiped to Councilor-
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