HomeMy WebLinkAbout2015-06-22 15-233 ORDERCOUNCIL ACTION
Item No_s -15-233
Date: June 22, 2015
Item/Subject ORDER, Authorizing Abrogation and Transfer of Park Woods
Apartments to Bangor Housing Authority — (Map 068, Lots 001, 001-
G, 002)
Responsible Department: Community & Economic Development
Commentary: This order would authorize the City Manager to execute all documents related to the
sale of the Park Woods Apartments to Bangor Housing Authority or any of its affiliates and to complete
the abrogation of the property from the US Department of Health and Human Services.
The City of Bangor is the owner of 60 apartment units known collectively as Park Woods located on the
corner of Union Street and Griffin Road. In late 2014 the City received authorization from the US
Department of Housing and Urban Development to proceed with abrogation and to sell the apartment
complex to the Bangor Housing Authority.
Terms and conditions will include: sale price of the property of $1.3 million; if the property is determined
to be tax exempt by the Assessor, Bangor Housing Authority agrees to make annual payment in Lieu of
Taxes of 30%; and the City will write off all amounts owed the general fund. The final agreement will
be in a form satisfactory to the City Solicitor or Assistant City Solicitor.
This item was reviewed and recommended for approval by the Business & Economic Development
Committee at its June 16, 2015 meeting.
s/ Tanya Emery
Department Head
Manager's Comments:
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City Manager
Associated Information:
Budget Approval:
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Finance
Director
Legal Approval:
Cityfictor
Introduced for
X Passage
First Reading
Page _ of
Referral
15-233
June 22, 2015
✓,. Assigned to Councilor Baldacci
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CITY OF BANGOR
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Order, Authorizing Abrogation and Transfer of Park Woods Apartments to Bangor Housing
Authority — (Map 068, Lots 001, 001-G, 002)
WHEREAS, the City of Bangor is the owner of 60 apartment units known collectively as Park
Woods near the corner of Union Street and Griffin Road; and
WHEREAS, the US Department of Health and Human Services included within its deed to the
City for Park Woods certain terms and conditions; and
WHEREAS, the City received initial approval in 2013 to proceed with abrogation of the terms
and conditions of said deed; and
WHEREAS, the City in 2013 granted tentative developer to Bangor Housing Authority or any of
its affiliates; and
WHEREAS, the City has reached final terms and conditions for a sale of the Park Woods
Apartments to Bangor Housing Authority or any of its affiliates; and
WHEREAS, in order to complete the sale, the City of Bangor will need to forgive certain funds
which have been paid out of the general fund for maintenance of the Park Woods
Apartments while being operated by the City;
NOW, THEREFORE, BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR
THAT,
The City Manager is authorized to execute all documents related to the sale of the Park Woods
Apartments to Bangor Housing Authority or any of its affiliates, to complete the abrogation of
the terms and conditions of the deed from the US Department of Health and Human Services to
the City, and to forgive any funds presently due to the general fund from expenditures related
to Park Woods. Terms and conditions of the sale to Bangor Housing Authority will include: sale
price of the property of $1.3 million; if the property is determined by the City Assessor to be
property tax exempt, Bangor Housing Authority agrees to make an annual Payment in Lieu of
Taxes of 30% of the value of the property; and the city agrees to write off all amounts owed
the general fund. All documents will be in a form satisfactory to the City Solicitor or Assistant
City Solicitor.
IN CITY COUNCIL
JUNE 22, 2015
MOTION MADE AND SECONDED FOR PASSAGE
PASSED
DEPUTY CITY CLERK