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HomeMy WebLinkAbout2005-04-25 05-139 ORDERDate: Aarll 25 2005 Item/Subject: ORDER, Authorizing the City Manager to Execute a Purchase Option Agreement with Michael and Tammy Cormier Responsible Department Legal The City is in the process of developing plans and specifications her a naw Police Headquarters guiding to be located on Main Street and which will incorporate the Bangor Radiator property located at 245 Main. The City has successfully negotiated an agreement to purchase this property and has been working closely with Michael and Tammy Cormier, the owners, to identify a property to which the business can be relocated. The Cormiers have indicated an Interest In relocating their business to City owned property looted on Maine Avenue near our current Recycling Facility. This Order authorizes a Purchase Option Agreement between the Cormiers and the City for Me development of this property for the relocated Danger nuthatch. Department Head Managers Comments: This is an element of Me overall agreement wish the Corners for the purchase of their grope �� a_ t za5� Main Street I would recommend your approval. \b� 61 Associated Information: City Manager Finance Director. Legal Approval: j City Solicitor X passage _ First Reading page _1_ of _2_ Referral 05-139 e®® Assigredro Covrctlor mcTT^LT con a CITY OF BANGOR (TITLE) ORDER, Authorizing the City Manager to Execute a Purchue Option Agreement with Miehael and Tammy Cormier By me city counay of ene cry of Benyon WHEREAS, the City of Bangor is in the process of developing plans and specifications for a new Police Headquarters Building to be located at 240 Main Street and WHEREAS, acquintion of the property located at 258 Main Street owned by Michael and Tammy Cormier is necessary to construct the new Bangor Police Depechnent building; and WHEREAS, acquisition of 258 Main Street will necessitate the relocation of the Bangor Roadster business currently operating at 258 Maio Street and WHEREAS, the City has reached an agreement with Michael and Tammy Cormier to sell Nem a property on Maine Avenue for the purpose of relocating Bangor Radiator, NOW, THEREFORE, be it ORDERED, THAT the City Manager is hereby authorized, on behalf of the City of Bangor, to execute a Parcbase Option Agreement betweab the City of Banger and Michael and Tammy Comaer. The Purchase Option Agreement shall provide that Michael and Tammy Cormier have the option to purchase one acre of City property on Maine Avenue near the City's recycling center f $54,500; Net the Option shag our to June 15, 2005; and provide time limits for completion of the development and shall be in a final form approved by the City Solicitor or Assistant City Solicitor. 05-139 Asaigted to COumilor Stone April 25, 2005 CITY OF BANGOR (TITLE.) ORDER, Authorizing the City Managerto Execute a Purchase Option Agreement with Michael and Tammy Cormier WHEREAS, the City of Bangor is in the process of developing plans and specifications for a new Police headquarters Building to be located at 240 Main Street; and WHEREAS, acquisition of the property located at 245 Main Street Owned by Michael and Tammy Cornier is necessary to construct the new Bangor Police Department building; and WHEREAS, acquisition Of 245 Main Street will necessitate the relocation Of the Bangor Radiator business currently Operating at 245 Main Street; and WHEREAS, the City has reached an agreement with Michael and Tammy Cormier to sell them a property on Maine Avenue for the proven of relocating Bangor Radiator, NOW, THEREFORE, BE 7 ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT the City Manager is hereby authorized, on behalf of the City of Bangor, to execute a Purchase Option Agreement between the City of Bangor and Michael and Tammy Cormier, said option to be in a form approved by the City Soldier or Assistant City Solicitor. " CITY COUNCIL April 25, 2005 Notion Node and Seconded for Passage Notion Made and Seconded to Postpone to Next Regular Meeting Nati9n to Postpone Passed Poe $need C w CL¢WC IN CITY COUNCIL Nay 9. 2005 Nation Made and Seconded for Passage Motion HAS, and Seconded to Amend by Substitution Passed Motion Made and Seconded for Pagepge of Assuaged Order PaN¢ed, As Auended g 05-139 MTLEJ RuthorWmg the City Manager to Execute a Purchase Option Agreement ulth M1cMe1 and Tammy Cornier WAMM _0_1