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