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HomeMy WebLinkAbout2006-04-24 06-155 ORDERItem al 06 155 Date: April 24, 2006 Item/Subject: ORDER, Authodzing the Sale of Lot 6 in the Beryl Industrial Park to CapeTown Center LLC Responsible Department: Community and Economic Development Commentary: CapeTown Center LLC has made an offer to purchase Loth in one Berl Industrial Parkfor$50,000. CapeTown Center LLCwishestoconstmcta 14,000 sq. ft. building. Most of the bullding, 9,000 sq. ft., will be used as a distribution warehouse and retail store for Freihofers. Freihofers is a manufacturer of breads, buns, and rolls. The remaining 5,000 sq. ft. will be rented to another tenant Lot 6 I 3.04 acres with 330 ft. of frontage on BanAir Road. An estimated 49% of the lot is designated as wetlands, leaving about 1.55 acres for development Our development guidelines suggest a minimum Initial development of 16% of total developable lot area, or a 10,820 sq. ft. bullding. The proposed building at 14,000 sq. ft, is 129% of Me minimum development target. The lot has been offered far sale at $50,000, an appropriate price given one amount of wetlands affecting Me lot Caldwell Banker Millett Realty is the agent for the Buyer. The City is not represented by a real estate broker, although City payment of a 5% fee to Me buyers agent is a condition of the sale. The offer by CapaTown is made win several conditions; 1. Buyer review of a survey provided by the seller 2. A soils test M be obtained by the buyer 3. Buyers obtaining local permits to construct a 14,000 sq. ft. building 4. Buyers obtaining DEP approvals 5. Property to be conveyed by a warranty deed 6. Seller pays brokemge fee of 5% of purchase once to Millet Realty, Inc. The Board of Directors of the Bahl Corporation has reviewetl this offer and recommends Council approval under the tomes and conditions listed as a. through k on the attached Council order. Department Head Manager's Comments:,(a a6 / „ ,I..,. ,_ / --h iy 7�'40Hi' CryManager Associated InformandowArliativae Budget Approval: Finance Diredu Legal Approval: City Solicitor Introduced for X passage First Reading Page _ of _ 06 155 '? AssirydmCoundlar Haves April 24. 2006 CITY OF BANGOR (TITLE.) Order, Authorizing the Sale of Lot 61n the Ba Air Industrial Pah to Capellown Center LLC WHEREAS, die City of Bangor owns land In the BanAir Industrial Park, Hammond Street, Bangor, Maine; and WHEREAS, CapeTown Center LLC has offered to purchase Lot 6 in the BarAir Industrial Park W construct a commercial building; NOW, THEREFORE, BE IT ORDERED By THE CRY COUNCIL OF THE CRY OF BANGOR THAT the City Manager is hereby authomsed, on behalf of the City of Bangor, to execute a Contract For Sale of Real Estate and any other related documents For Lot 6 in the Benydr Industrial Park to CapeTown Center LLC in a form approved by die City Solicitor or Assistant City Solicitor and containing Me following terra and conditions: a. The Buyer shall have reviewed and be satisfied with a survey of the property, provided by the Seller. It. The Seller will pay a brokerage fee of 5% of the purchase price to Millett Realty, Inc. at dosing. c. The Buyer shall have reviewed and be satisfied with all wring, land use, and environmental Was, codes, ordinances and regulations affecting the property and any other applicable permit requirement or approval as may be necessary for the Buyers proposed use and development of the property prier to the dosing. d. The Buyer shall obtain all zoning, subdivision, and emaronmental pennies and approvals and any other applicable permit or approval as may be necessary for the Buyer%proposed use ant development of the property prior W the dosing. e. The Buyer shall conduct and be satisfied with a soils test on the lot. f. Ste work and building improvements shall commence within one (1) year. Sufficient evidence of proceeding with the site work and building Impevemenfs is an approved Land Development Permit, Issuance of a Building COMVuctan Permit, and INtladon of construction of the building. g. Ste work and building improvements shall be completed within two (2) years. h. The building shall have a gross Boor area of not less Man 14,000 sq. ft. 1. The area within Me from selbacic must be landscaped and planted with trees and shrubs az follows: plant units per 100 ft: one (1) shrub, one (1) evergreen bee, and ore (1) deciduous bee. J. The Buyer agrees to limit any application for a Wetlands Alteretlon Pent for Lot 6 W less Man 350 sq. ft, for one (1) year from the data of dosing. It The property will be conveyed by a quit claim dead. I9 CITY MUCIL April 26. 2006 Motion Made and Seconded for Passage p 06=155 Pace E� ORDER 1 ©'� (PITLg)Awt6o[lai ¢ the'Sele of Lot 6 In the BaddirIodustrial Park to Capetown Aagmd to C000eilor alta" f