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HomeMy WebLinkAbout2005-03-28 05-110 RESOLVEItem 80 Date: March 28.2005 Item/Subject RESOLVE, Making an Appropriation horn Airport Reserves to Fund the Acquisition of the Buildings on and Improvements to 690 Maine Avenue Inducing Closing Costs and Brokerage Commission. Responsible Department Community & Economic Development Commentary: This appropriation of $2,729,000 from Airport Reserves would fund the acquisition of 690 Maine Avenue from the Irving Oil Corporation, the brokerage commission related to securing a new tenant for the property, and the design of and improvements to the building to accommodate its use by L.L. Bean, Inc. as a call center. Department Recommend approval. L'jAW� Vp` W &0 F✓�vwe ihrvnun""r u+r+�a.uAemav� City Manager Associated Informaton: Approval: Legal Approval: Finance Director ichor Introduced nor Passage X First Reading Page _of_ X Referral 05-u0 Aasl d to Councilor D•Errico March 26. 2005 >` CITY OF BANGOR (TRLE.) RESOLVE, Making an Appm;maton from Airport Reserves M Fund the Acquisitors) Of the Buildings on and Improvements M 690 Maine Avenue Including abaing Costs and Brokerage Commission By the dry Councd oftlre O'tyOfSWW.. RESapED THAT the amount of E2,n9,0W is hereby appropriated from the Bangor International Airpdt Reserve to an a=unt M be esbdished by the finance Director to fund the acquisition of 690 Maine Avenue from the Irving Oil Corporation, closing costs, and brokerage commission related to Me acquistion, reuse, and improvement of the property located at 690 Maine Avenue. IN CITT COUNCIL March 28. 2005 First Reading Referred to Finance M ens tLIlLENN an COUNCIL 11 11. 2005 y 05-110 R es0L a8 urv) NaRi% an 9pFtopriatiw from Airport qva [ e Building on and Improvements to 690 Wive Avenue Including Cos ng a Bro rage Assigned to