HomeMy WebLinkAbout2017-03-13 17-107 ORDERCOUNCIL ACTION
Item No. 17-107
Date: March 13, 2017
Item/Subject: ORDER, Authorizing Execution of Documents for the Sale of vacant land
on Godfrey Boulevard (Map 100 Lot 010) to SPC Associates LLC., in the
Amount of $150,000
Responsible Department: Finance
Commentary: This Order would authorize the sale of a portion of a vacant parcel of land on
Godfrey Boulevard to SPC Associates LLC for $150,000.
The parcel is a portion of a larger development lot owned by the City. SPC Associates LLC requires
this land for parking to accommodate redevelopment of an adjacent office building. The development
agreement will detail terms and conditions for the transfer including that the City retains an easement
for a sewer line and the buyer constructs a pedestrian foot bridge connecting the parking lots.
The Business and Economic Development Committee reviewed and recommended this item for
approval at its March 7, 2017 meeting.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
X Passage
First Reading
Referral
Department Head
Page _of_
City Manager
Finance Director
City Solicitor
Assigned to Councilor Graham
CITY OF BANGOR
17-107
MARCH 13, 2017
(TITLE.) ORDER, Authorizing Execution of Documents for the Sale of vacant land on
Godfrey Boulevard (Map 100 Lot 010) to SPC Associates LLC., in the Amount
Of $150,000
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
The City Manager is hereby authorized, on behalf of the City of Bangor, to execute an
Agreement, and all other necessary documents, for the sale of real estate located on Godfrey
Drive, a portion of Map 100 Lot 010 to SPC Associates LLC, in the amount of $150,000. Said
documents shall be a final form as approved by the City Solicitor or Assistant City Solicitor.
IN CITY COUNCIL
MARCH 13, 2017
CO 17-107
MOTION MADE AND SECONDED TO SUSPEND THE RULES TO TAKE UP
ORDER 17-107
PASSED
MOTION MADE AND SECONDED FOR PASSAGE
PASSED
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