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HomeMy WebLinkAbout2007-05-14 07-182 ORDERItem No. 07 1K Dare: 5-1407 Item/ Subject: Order, Authorizing the City Manager to Execute a Parking Lease with the State of Maine for Kenduskeag Plaid. Responsible Department: Community and Economic Development Commentary: The City of Bangorand Maine Governmental Fadlibes Authority (on behalf of the Stateof Maineludical Branch) entered into an"Option Agreenentfor Fun:haseand Devebpmentof Excharsle6beetD pmrnt Sl[e8-13aM the Kenduskeag Plan Parking Area,"dated September 29, 2096, for theconsGURbn da new court facility to be lowtetl on urban Renewal Patel 6-13 on Exchange Strut. The Development Agreement envisioned that the State would lease the Kenduskeag Stream Parking Loh, located adjacent W the proposed court facility, for additional parking. As was reporWd W the Business and Economic Development Committee at Its most recent meeting, the Qty and the State are continuing W discuss the terms and conditions ofa proposed lease. The State wide¢ W close on the saleof B-t3WthempriorWissuingbonds Wrteepmje aurin May. InorderWdoso,theyalsoneedWhavea lease agreementin place. We antkipate tleat we will be prepared W pesent a final version of the lease W the Council on Monday and will schedule a pe -meeting at which time we will be able W review It with you. Our overall goals in this process are W meet the parking and smrly needs of the Court System while preserving the revenue lbw from this parking resource W the greatest extent possible. Department Head Managees Comments: As noted, additional information on this Rem will he available for Monday. j mj� W4 City Mandg¢r Associated Information: Budget Approval: mane El Legal Approval: I IVnv/City Soliutor Introduced for passage _ First Reading Page _ of Referral 07 182 Asmgmdw ouutikm D'Drcicomy 16. 3007 CITY OF BANGOR (=E.) Order, Authorizing the City Manager to Execute a Parking lease with the State of Maine for Kenduskeag Plaza. BE IT ORDERED BY THE CITY COUNCIL OF THE CRY OF BANGOR TNAT The City Manager is hereby authorized to execute a wrkJng tease with the State of Maine, the Maine Governmental Facilities Authority, or the State of Maine Judicial Branch, for the Kenduskeag Plaza parking lot. The lease shall be designed to maintain approximately the same revenue sbream that would be generated "a let if it was not leased as a whole. The lease shall be in a form to be approved by the City Solicitor or Assistant Oty Solicitor. Iff CITY WMCIL l 16, 2007 Motion !lade and Seconded' forPassage P W CITY ER A 07-182 0 R D E R Antkuelefib Menaoer t Execute a Parking Lease K[h The 5[flt¢ Mn1 ne fm R n=keav V