HomeMy WebLinkAbout2007-09-10 07-300 ORDERItem/Subject: ORDER, Authorizing the Sale of Lot 6 in the BanAlr Industrial Park to
Lead Mtn. Properties, Inc.
Responsible Department: Community & Economic Development
Commentary:
Lead Mm. Properties, Inc. has made an offer to purchase Lot 6 in the BanAir Industrial Park for $55,150.
Lead Mtn. Properbes, Inc, intends to construct a 10,960 sq. ft. pre-engineered, metal building. An
occupant for the building has not been Identified, although Lead Mtn. Properties, Inc, is having discussion
with several possible tenants.
Lot 6 is 3.04 acres with 330 ft, of frontage on BanAir Road. We estimate that 49% of the tit is
designated as wetlands leaving about 1.55 acres as developable land. Our development guidelines
suggest a minimum initial development of 16% of total developable lot area, or a 10,820 sft.
building be constaIded. The proposed building, 10,960 sq, ft., is 101% of the minimum initial
development target.
Neither the City of Bangor nor Lead Mtn. Properties, Inc. is represented by a real estate agent In Nls
transaction.
Staff recommends Nat the parcel of land be sold to Lead Mtn. Properties, Inc. under the terms and
conditions as stated In the Council Order.
Department Head
Manager's Comments: This has been reviewed and is recommended by Business and Economic
Development.
City Manager
Budget Approval:
Rrianmce Director
Legal Approval:
Solicitor
Introduced for
X Passage
_ First Reading Page _ M_
Referral
nem No,
07
300
Date: September 10, 2007
Item/Subject: ORDER, Authorizing the Sale of Lot 6 in the BanAlr Industrial Park to
Lead Mtn. Properties, Inc.
Responsible Department: Community & Economic Development
Commentary:
Lead Mm. Properties, Inc. has made an offer to purchase Lot 6 in the BanAir Industrial Park for $55,150.
Lead Mtn. Properbes, Inc, intends to construct a 10,960 sq. ft. pre-engineered, metal building. An
occupant for the building has not been Identified, although Lead Mtn. Properties, Inc, is having discussion
with several possible tenants.
Lot 6 is 3.04 acres with 330 ft, of frontage on BanAir Road. We estimate that 49% of the tit is
designated as wetlands leaving about 1.55 acres as developable land. Our development guidelines
suggest a minimum initial development of 16% of total developable lot area, or a 10,820 sft.
building be constaIded. The proposed building, 10,960 sq, ft., is 101% of the minimum initial
development target.
Neither the City of Bangor nor Lead Mtn. Properties, Inc. is represented by a real estate agent In Nls
transaction.
Staff recommends Nat the parcel of land be sold to Lead Mtn. Properties, Inc. under the terms and
conditions as stated In the Council Order.
Department Head
Manager's Comments: This has been reviewed and is recommended by Business and Economic
Development.
City Manager
Budget Approval:
Rrianmce Director
Legal Approval:
Solicitor
Introduced for
X Passage
_ First Reading Page _ M_
Referral
oF`�� AoiguNbCOmelbr Fan3agtan Septmber 10, 2007
CITY OF BANGOR
(T E.) ORDER, Authorizing the Sale of Lot 6 in the Bal Industrial Park to Lead
Mtn. Properties, Inc.
WHEREAS, the City of Bangor owns land in the BmAir Industrial Park, Hammond Street,
Bangor, Maine; and
WHEREAS, Lead An. Properties, Inc. has offered to purchase Lot 6 in the BanAr Industrial
Park be construct a commercial building;
NOW, THEREFORE, 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 ewcute a Contract
For Sale of Real Estate and any other related documents with Lead Mtn. Properties, Inc. for Lot
6 in the BanAr Industrial Pari In a fort approved by the City Solicitor or Asslstart City Solicitor
and containing Me following terms and conditions:
a. The selling price will be $55,150.
b. The Buyer shall have renewed and be satisfied with all zoning, land use and
environmental laws, codes, ordinances and regulations affecting the property.
c. The Buyer shall obtain all zoning, subdivision and environmental Permits and
approvals and any other applicable permit or approval as may be necessary for the
Buye/s proposed use and development of the property prior to the Closing.
d. Site work and building improvements shall commence within one (1) year from the
data of closing.
e. Site work and building improvements shall be completed within two (2) years from
the date of dosing.
f. The building shall have a gross floor area of not less than 10,960 sq. R.
g. The area within the front setback must be landscaped and planted with a
minimum of trees and shrubs as follows: plant units per 100 R.: ane (1) shrub,
one (1) evergreen tree, and one (1) deciduous tree.
h. The Buyer agrees to limit any application for a Wetlands Alteration Permit for Lot 6
W less than 350 sq. ft for one year from the date of closing.
IP CITY MINCIL
September 10, 2007
Motion Made and Seemmded
Pe Passage
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