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HomeMy WebLinkAbout2015-12-14 16-041 ORDERCOUNCIL ACTION Item No. 1 - 41 Date: December 14, 2015 Item/Subject: ORDER, Authorizing Execution of Agreement with Stillwater Realty LLC for Easement and Conveyance of Property on Odlin Road (approximately 2,700 square feet) Responsible Department: Legal Commentary: This Order will authorize the execution of an agreement to execute an easement to Stillwater Realty LLC, to seek a release from the FAA to sell the property, and to convey the property upon receipt of the release and in return consideration of $4,574 to be paid upon execution of the agreement and easement. Stillwater Realty LLC owns property abutting property owned by the City on Odlin Road. They are requesting that the City sell them approximately 2,700 square feet of land on the easterly side of their property to facilitate a development. Because the property is subject to Federal Aviation Administration (FAA) restrictions, the City is not able to sell the property without permission from the FAA. Understanding that it can take considerable time to get permission from the FAA and wanting to avoid any delay of a project, an agreement to grant an easement for the use of the property for the development and to convey the property upon receipt of permission from the FAA will facilitate the development. This item was reviewed and recommended for approval at the December 8, 2015 meeting of the Business and Economic Development Committee. Manager's Comments: Associated Information: Budget Approval: Legal Approval: Introduced for Passage First Reading Referral E M�e. xi, - aigK Page _ of — City Manager Finance Director ,/ I RATED. 16-041 DECEMBER 14, 2015 Assigned to Councilor Nealley CITY OF BANGOR (TITLE.) ORDER, Authorizing Execution of Agreement with Stillwater Realty LLC for Easement and Conveyance of Property on Odlin Road (approximately 2,700 square feet) WHEREAS, Stillwater Realty LLC is the owner of a parcel of land on Odlin Road that it wishes to develop; and WHEREAS, the City of Bangor is the owner of land abutting the property of Stillwater Realty LLC; and WHEREAS, obtaining approximately 2,700 square feet of abutting land from the City of Bangor would facilitate the development of the properly of Stillwater Realty LLC; and WHEREAS, the property is subject to Federal Aviation Administration (FAA) restrictions, the City is not able to sell the property without permission from the FAA; and WHEREAS, an agreement between the City of Bangor and Stillwater Realty LLC to grant an easement for the use of the property for the development and to convey the property upon receipt of permission from the FAA will facilitate the development; and WHEREAS, the fair value of the property that would be conveyed to Stillwater Realty LLC is $4,754. 4 That Catherine M. Conlow, City Manager, is hereby authorized on behalf of the City of Bangor, in consideration of $4,754 to execute an agreement with Stillwater Realty LLC. Said agreement shall provide for an easement to Stillwater Realty LLC for the use of approximately 2,700 square feet of land abutting its Odlin Road property for the purpose of development; shall provide that the City of Bangor shall seek a release from the FAA in order to convey the property; and shall provide that the property shall be conveyed to Stillwater Realty LLC upon receipt of the release. The easement and agreement shall be in a final form as approved by the City Solicitor or Assistant City Solicitor. IN CITY COUNCIL DECEMBER 14, 2015 PASSED 4A-) a 4 40--e� CITY CLER