HomeMy WebLinkAbout2012-10-22 12-341 ORDERCOUNCIL ACTION
Item No. 12- 341
Date: October 22, 2012
Item/Subject: ORDER, Authorizing Execution of an Option Agreement with Dr. Michele
Spekhardt for Lot 6 in the Maine Business Enterprise Park
Responsible Department: Community and Economic Development
Commentary:
Dr. Michele Spekhardt wishes to acquire Lot 6 in the Maine Business Enterprise Park for the purpose
of constructing a new building on the lot for the expansion of her existing dental practice. If approved
this Order will authorize the execution of an Option Agreement with Dr. Spekhardt whereby the City
would sell Lot 6 in the Maine Business Enterprise Park to Dr. Spekhardt for a purchase price of
$70,000.00. The Option Agreement will also require a building of 8,000 square feet and construction
to begin within six months of the date of purchase.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
Passage
First Reading
Referral
Department Head
Man�,City Manager
Page _ of _
Finance Director
ity Solicitor
Assigned to Councilor Sprague
CITY OF BANGOR
12-341
OCTOBER 22, 2012
(TITLE.) ORDER, Authorizing Execution of an Option Agreement with Dr. Michele Spekhardt
for Lot 6 in the Maine Business Enterprise Park
WHEREAS, the City of Bangor supports new investment and the creation of additional
investment in its business parks; and
WHEREAS, Lot 6 of the Maine Business Enterprise Park is currently undeveloped and
available for purchase; and
WHEREAS, Dr. Michele Spekhardt wishes to acquire this parcel for the purposes of
constructing a new building to expand her dental practice in Bangor:
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
Catherine M Conlow, City Manager, on behalf of the City of Bangor, is hereby authorized to
execute an Option Agreement with Dr. Michele Spekhardt, on or before November 1, 2012, for
the purchase and development of Lot 6 in the Maine Business Enterprise Park by Dr. Michele
Spekhardt for a purchase price of $70,000. Said Option Agreement shall provide for terms and
conditions for the development of an office building including, but not limited to, a building of
not less than 8,000 square feet and commencement of site work and construction within six
months. Said Option Agreement shall be in a final form as approved by the City Solicitor or
Assistant City Solicitor.
IN CITY COUNCIL
October 22, 2012
Motion Made and seconded for Passage
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CITY