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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 �,o Aj a CITY CLEfk