HomeMy WebLinkAbout2017-03-13 17-106 ORDERCOUNCIL ACTION
Item No. 17-106
Date: March 13, 2017
Item/Subject: ORDER, Authorizing Option Agreement for Development of Bangor
Dutton Street with TIMKA, INC. dba Geaghan's Pub - Map/Lot (043-040)
Responsible Department: Community and Economic Development
Commentary: This Order will authorize the execution of an Option and Development Agreement
with TIMKA, INC. for the development of parking on a .78 -acre parcel of land on Dutton Street.
TIMKA, INC. operates Geaghan's Pub at 570 Main Street and has the need for additional parking for its
restaurant business because of changes to an abutting parking lot. In order to create additional
parking TIMKA, INC. would like to acquire approximately 0.78 acres square feet of City land adjacent
to and behind its property known as the Roundhouse lot.
If approved, the city would sell approximately 0.78 acres (Tax Map 43, Lot 40) to TIMKA for $90,000
to construct additional parking. Prior to transfer of the lot, TIMKA, INC. would be required to obtain
plan approval by City staff and the Planning Board, provide evidence needed for construction financing
satisfactory to the City Solicitor, secure all necessary permits, agree to a construction progress
schedule, and all other such terms and conditions as reasonable and appropriate.
This item was reviewed and approved at the March 7, 2017 meeting of the Business & Economic
Development Committee.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
Passage
First Reading
Referral
Department Head
Page _of_
✓lit (S-�
City Manager
Finance Director
City Sblicitor
Assigned to Councilor Nealley
CITY OF BANGOR
17-106
MARCH 13, 2017
(TITLE.) ORDER, Authorizing Option Agreement for Development of Bangor
Dutton Street with TIMKA, INC. dba Geaghan's Pub (Tax Map 43, Lot 40)
WHEREAS, TIMKA, INC. operates Geaghan's Pub at 570 Main Street, and has need for
additional parking for its business due to a change in their ability to use an
abutting parking lot; and
WHEREAS, to enable the creation of additional parking TIMKA, INC. would like to acquire
approximately 0.78 acres of City land adjacent to and behind its property; and
WHEREAS, TIMKA INC. would use the land to create additional parking spaces to provide for
adequate parking for its business as well as any future expansion; and
WHEREAS, On August 22, 2016, by Council 16-326 the City Council of the City of Bangor
authorized execution of a Development Agreement with TIMKA, INC. for the
acquisition of this parcel for the creation of additional parking spaces and
building expansion; and
WHEREAS,, Upon completion of its due diligence TIMKA, INC has determined that it is in its
best interest not to proceed with the building expansion as contemplated in its
previous request at this time but that additional parking is still needed for the
operation of its business.
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
the City Manager is hereby authorized to execute, on behalf of the City of Bangor, an Option
Agreement for Development of Bangor Waterfront Property with TIMKA, INC. providing for a
sale of approximately 0.78 acres of City of Bangor land on Dutton Street abutting 570 Main
Street, for the creation of additional parking spaces, the Option providing that the purchase
price be $90,000, that before transfer of the land to TIMKA, INC. it obtain plan approval by City
staff designated by the City Manager, site plan approval from the Planning Board for the
additional parking spaces, if required a zone change of the land from Waterfront District to the
Urban Service District, evidence needed for construction financing satisfactory to the City
Solicitor, all necessary permits be secured, and an agreed on construction progress schedule,
under such other terms and conditions and in a final form approved by the City Solicitor or
Assistant City Solicitor.
BE IT FURTHER ORDERED THAT
The authorization approved by Council Order 16-326 is hereby rescinded.
IN CITY COUNCIL
MARCH 13, 2017
CO 17-106
MOTION MADE AND SECONDED FOR PASSAGE
PASSED
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CITY CLERK