HomeMy WebLinkAbout2007-04-19 07-147 ORDERItem No. 07-147
Date: 4-19-07
Item/Subject: Order —Authorizing the City Manager to Execute an
Agreement with Wal-Mart Real Estate Business Trust
Responsible Deparlmeft Legal
Wal-Mart Real Estate Business Trust (Wal-Mart) has an approved site plan to develop a
Wal-Mart Supercenter on Stillwater Avenue and will invest in excess of $20 million. As
part of Wal -Mart's development, R shall be required to spend in access of $3.6 million
for off-site traffic related improvements.
The Traffic Movement Permit (TMP) issued by the Maine Department of Transportation
(MDOT) for the development requires additional off-sRe traffic related improvements to
the Bangor Mall area, Including improvements to Hogan Road, Springer Drive and
Bangor Mall Boulevard at a substantial cost;. The off-site traffic improvements benefit
the City of Bangor and are improvements that eventually would be necessary bemuse
of the increasing traffic in the Bangor Mall area.
This Order will authorize the City Manager to execute an agreement with Wal-Mart to
provide that the City will pay for the additional off-site improvements and that Wal-Mart
will proceed with the project and contribute $250,000 for the Hagan Road Extension.
Managers Comments:
Budget Appmwd:
DepartrneM Head
City Manager
City Sollcltor
Introduced for
_ Passage
_First Reading Page _of_
Referral
Assigned to Couvdbr Yalvex Apxi3 19, 2007
CITY OF BANGOR
(TITLE.) Order— Authorizing the City Manager to Execute an Agreement
wit Wal-Mart Real Estate Business Trust
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
WHEREAS, Wal-Mart Real Estate Business Trust (Wal-Mart) has an apprtt.M she plan n develop
Wal-Mart SupenerRer oR StlRweta Avenue; and
WHERE , who devebpmem will be an investment by Wal- Hurt in excel of $20 Mian; and
WHERE , as part of Wal -Mart's development It shall be Moral to spell in excess 4$3.6 mnion
foraf-si4 trMfic related miarn ements; and!
WHEREAS, the Traffic Moaanent PennR(rMP)Issued by one Maine OepaRment 4Tansporta0on
(MOOT) Por the demlopment required additional on-site traffic related improveme45 to
the larger Hall area, irMudirg improvanents ro Hogan Read, Springer Orme and Bargm
Mall Boulevard at a substantial cost all
WHREAS, the off -sole traffic improwevents benefit the City 4 Bogor and are Improvements Oat
mrsonalty mud be necessary bemuse One bttrea ing traffic in the Bon9or Hall am.
NOW, TIEREFORE, SE I] HEREBY ORDERED
THAT the City Maracas Is hereby authorized, an bHwB 4 the City d Bamdor, O execute and agreeme4
with INlMart Real Estate Business Trust Oat provides Oat Wal -Man Real Estate Business wn pureed
win Or projeR in a timely marina add will pay n the Cry the sum 4$250,000 all the City will pay lar
certain aa-ste Impmements rent contained within the original Wa[Mart Real Estate Buskeea Trust site
plan, all in a final form approved by the Oty Solititor or Assistant City Solicitor.
IP tlT COOgCI4
April 19, 2M7
Notion Dade and Seconded
to eflnitely Postpone
Po oned
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i CISR dRRR
B O]-161
ORD 2H
(Mj AutLaciei A the City Manager to
H ecute an Rgreement r th Val -Mart Real
estate Rosiness Oust