HomeMy WebLinkAbout2011-12-28 12-049 ORDERCOUNCIL ACTION
Item No. 12 049
Date: December 28, 2011
Item/Subject: Order, Authorizing Extension of Tentative Developer Status with Bond Properties,
LLC for Front Street Development Parcel 3
Responsible Department: Community and Economic Development
Commentary:
On September 26, 2011 by Council Order 11-297 Bond Properties, LLC was granted tentative
developer status for the development of a parcel of land on Front Street at the downriver end of the
bulkhead (Lot #3 on attached map). They have proposed a restaurant and banquet facility, possibly
as large as 10,000 square feet, which would be a second location for the Fish House Grill of Bar
Harbor, specializing in fish and shellfish. The restaurant would include a large bar, oyster bar, and
could have an ice cream and take-out window.
City staff has been working with the developers but because of the time required of them in their
business finishing the peak season, they need more time to finalize their plans and address the site
development issues, as this is a challenging site to build on. Therefore, they are seeking an
extension of tentative developer status for 90 days, until March 30, 2012. This was approved by the
Business and Economic Development Committee on December 21, 2011.
Staff recommends that tentative developer status be extended for Bond Properties, LLC for Front
Street Development Parcel 3, until March 30, 2012. If approved, City staff will continue to negotiate
exclusively with Bond Properties, LLC for development of the site. The development agreement will
include specific terms and conditions for the Council's consideration. The development agreement, if
approved by the City Council, would ensure that the development would conform to building plans
and uses approved by the Business & Economic Development Committee and that Bond Properties,
LLC has the financial capacity and ability to carry out the development.
Department Head
Manager's Comme ts•Cc, � b�,Q p � /
City Manager
Associated Information:
Budget Approval: (�
Finance Director
Legal Approval: 21t��Z
ity Solicitor
Intro used for
Passage
First Reading Page _ of
Referral
Assigned to Councilor — GRATWICK
CI`T'Y OF BANGOR
12-049
December 28, 2011
(TITLE.) Order, Authorizing Extension of Tentative Developer Status with Bond
Properties, LLC for Front Street Development Parcel 3
WHEREAS, Bond Properties, LLC has proposed to develop a commercial building on the City
owned development parcel located on Front Street at the downriver end of the
bulkhead designated as Parcel 3; and
WHEREAS, Bond Properties, LLC has been awarded "tentative developer" status on
September 26, 2011 by Council Order 11-297; and
WHEREAS, the City has been working with Bond Properties, LLC on the plans for their
development project; and
WHEREAS, the developers have requested an extension of time to finalize their plans and
address the site development issues;
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
Bond Properties, LLC is hereby designated the tentative developer of the City owned
development site on Front Street at the downriver end of the bulkhead designated as Parcel 3,
and that such designation is in effect until March 30, 2012. Bond Properties, LLC shall have
until that time to prepare and submit in writing to the City's Director of Community and
Economic Development a definitive proposal for development of the site. During the period of
designation, the City agrees to deal exclusively with Bond Properties, LLC for the purpose for
which tentative developer status was granted, and City staff is authorized to negotiate a
development agreement with Bond Properties, LLC for the City Council's consideration setting
forth the proposed terms and conditions under which the proposed development would be
allowed to move forward. The development agreement, if approved by the City Council, would
ensure that the development would conform to building plans and uses approved by the
Business and Economic Development Committee and that Bond Properties, LLC demonstrates
that they have the financial capacity and ability to carry out the development proposed before
receiving the approvals needed from the City to proceed. The proposal submitted for the City's
consideration shall be sufficient in detail to outline the scope and quality of development and
convey sufficient information for the City to determine the level of investment proposed and
character of the work to be performed. The proposal is to include a preliminary site plan
showing the footprint of the proposed building and site improvements in relationship to the site
and surrounding improvements; suitable cross-sections and elevations of the proposed building
and improvements showing the relationship of floors to surrounding grades and indicating the
12 049
number of stories and exterior building materials proposed to be used to enable the City to
determine the compatibility of the proposed building and improvements to the development site
and Waterfront Development Plan; and preliminary floor plans showing proposed general room
layouts and proposed use, including entrances and exits and overall floor area for each floor.
The proposal should also provide information on the "tentative developer's" past development
experience and provide separately such financial information as may be requested to provide
assurance to the City that the "tentative developer" has the ability and financial capacity to
carry out the development. The City will treat any information provided relating to the tentative
developer's personal or business financial assets confidentially as allowed by State Statute.
IN CITY COUNCIL
December 28, 2011
Motion Made and Seconded
for Passage
Passed
I CLERK
# 12-049
ORDER
(TITLE) Authorizing Extension of Tentative
Developer Status with Bond Properties, LLC for
Front Street Development Parcel 3
Assigned to Councilor.
12 049