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HomeMy WebLinkAbout2004-12-13 05-36 ORDERItem No. 05-36 Date: 12-13-04 Item/Subject Order, authorizing the City Manager to Execute a Lease with Shaw Nouse for Sitio Control Over the Waterworks Responsible department: Legal The City and Shaw House Development, Inc., have entered into a Developer Agreement where Shaw House will renovate the Waterworks Complex for use as 35 low to moderate income housing units. HUD recently informed the City that the Developer Agreement does not give Shaw House sufficient site control for me purpose of processing its grant under the Supportive Housing Program. Therefore, the City has dratted a lease for the Waterworks for $l 00 to give Shaw House the necessary -site control.- Since Shaw House is not yet ready to administer the site, the lease allows the City to keep the premises secure. The B&ED Committee approved a 3 year lease on December 1, 2004, but HUD is now requiring a 20 year lease; consequently, Council approval is required. Department Head ManageYSComments: As noted, the Business and Ecorwmic Development Committee approved a 3 year lease. HUD has requested a longer term. iii n r City Manager Associated Information: Q!)/ Finance Director City Seidler X Passage _ First Reading Page _ of Referral 05-36 Assignedto Councilor Trem u Oeeeobex 13. 2006 CITY OF BANGOR (MLE.) ORDER, Audnorizing the City Manager to Execute a Lease with Shaw House for Site Control Wer the Waterworks By Hre OCy Camdl OfHie IX y d ft *= ORDERED, THAT' The City Manager is hereby authrimed to execute a Lease with Shaw House Development Inc. for the Waterworks Complex, 635 State Street The Lease shall be in a form to be approved by the City Solicitor or Assistant Ory Solicitor. IN CITY COUNCIL December 13, 2006 Notion Made a" Seconded for I ssege less T MISS N 05-36 MTLEJ Authorising the City Manage to Emecate a Lease with Some Moaee for Site Control Over the Waterworks Aeelgnedtotouncilor fnp G fu,40