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HomeMy WebLinkAbout2008-02-25 08-106 ORDER_COUNCIL ACTION Item No. Date: February 25, 2008 Item/Subject: ORDER, Authorizing the City Manager to Execute an Agreement with Bangor Histonc Track, Inc. for Land for Parking Lot — Dutton Street. Responsible Department: Legal Commentary: In 2006, the City and Bangor Historic Tack, Inc. (BHF) entered into a Development Agreement and Lease. The leased area Includes part of the City's land behind the Irving station located at Main and Dutton. BHrs intent was to build a parking lot to be used for overflow and employee parking. The parking lot has been constructed. BHT has now decided that they would like to lease the remainder of that lot to create additional parking. This Order will authorize the execution of documents necessary to allow BHF to use the additional land for parking. R will Include a provision that, upon reasonable notice, the City can terminate the agreement if the land becomes necessary to the City for the new arena/large meeting facility. The documents would also provide that In the event termination Is necessary, the City would cooperate with BHT to find an alternative location for BHF's parking needs and that BHT will pay rem based upon the same formula as in the current lease with BHF. Department Head Manager's Comments: This has been reviewed and is recommended by Busing nit Bcono ¢ Dev lopment City Manager Associated Information: Budget Approval: n N/ '�hFlwna ince (.Dll�reRo—r Legal Approval: /City S61ldV Introduced for Consent Agenda x Passage _ First Reading Referral �E 106 Assipxxto Cwu:cilw e'Enico Febnau 25. 2008 F n CITY OF BANGOR (TITLE.) ORDER, Authorizing the City Manager to Execute an Agreement with Bangor Historic Track, Inc. for Land for Parking Lot— Dutton Street. WHEREAS, in 2006, the City of Bangor and Bangor Historic Track, Inc. (BHT) entered into a Development Agreement and Lease Including a portion of land along Dutton Street for overfiow and employee parking; and WHEREAS, BHT has requested additional land along Dutton Street consisting of approximately 1.69 acres to build additional overflow and employee parking. NOW, THEREFORE, BE IT ORDERED BY THE CITY COUNCIL OF THE CIN OF BANGOR THAT The City Manger is hereby authorized, on behalf of the City of Bangor, to execute necessary documents with Bangor Historic Track, Inc. permitting Bangor Historic Track, Inc, to use additional land along Dutton Street consisting of approximately 1.69 acres for overflow and employee parking. Said documents shall include provisions that, upon reasonable notice, the City can terminate the agreement if the land becomes necessary to the City for the new arena/large meeting facility; that, in the event termination is necessary, the City will cooperate with Bangor Historic Track, Inc. to find an attemative location for its parklrg needs; and that Bangor Historic Track, Inc. will pay rem based upon the same formula as in the current lease between the City and Bangor Historic Track, Inc. Said documents shall be In a final form as approved by the City Solicitor or Assistant City Solicitor. IN MW cwea Ye6ven zs. POBg' Notion Node avd Seconded .o R usage " Pna ' �n nenap rty�,B�Authoiizing the City Ni Iger to @@ ute an7emeu�20 Bengor mst&ric Track. IM. for Land for Parking Lot - Wtton tree[ MiQaedb[buoeBor I IA" T