HomeMy WebLinkAbout2001-12-26 02-64 ORDERItem No 02-66
Date: Decetnber26.2001
Item/Subject: ORDER, Designating Marlin Schachter Tentative Developer of Exchange Skeet
Development Parcel
Responsible Department: Commuviry&5conomic Devalopmmt
Commentary:
W. Schneider has reinvested the City good him tentative developer sates, for 90 days, of the City's Exchange
Street developmat pares. This Order would grant Mr. Schneider exclusive status as developer of the Exchange
Sevetparcelmtil Match25,2002. Duringthis period, City saTwould be inrhonasd to negotiate exclusively, with
Mr. Schneider for to development of approximately 36,000 square feet of professional office space, and to prepare
a development agreement with Mr. Schneider for consideration by the City Coancil on or before Match 25, 2002
The City has�tsd "tmatvedevelope2—NaNsto potential developers on_varioas development simsin the past m
give the developer some exclusive conhol over the availabdiry of a sia for a limited period of time to amble the
developer to poepare a specific development proposal for the City Council's consideration. By granting "tenadive
developer" sums, the City only agmea to deal excursively with that developer daring the period the City grsna
"renmtive develops" sates The developer den has some assareaces be expend fiends to develop a specific
proposal on the basis that the davelopmmt site may be available, shoeld the City accept the developers specific
proposal before the end of the tentative developer stains.
epertme and
Manager's Comments: 1J.t.a �hx 1-fD - 7x7
Ula &a VtAA c��nQ,ep fact 10 7j�a., d -n iluc� LL J �
Associated Information:
City Manager
Finance DireRor
/ city Sollcimr
Intropeced for
X Passage
_ Frst Reading Page _ of _
Referral
02-64
•, Msignedto Councilor Holman Danaher 26, 2001
CITY OF BANGOR
(TFILE.)Order, Designating Marlin Schneider Tentative Developer of Bxchange Street
Development Parcel
By the City Council of the City of Bangor:
013DERE3), THAT
WHEREAS, the City has received a request from Martin Schneider for designation as
"tentative developec" of the City owned development parcel on Exchange Street in downtown
Bangor, and
WHBREAS, Mr. Schneider proposes development of 36,000 square fat of professional
office space and related parking on the site; and
WHEREAS, during the time the City has granted tentative developer seams in Mr.
Schneider, W. Schneider will prepare a formal development proposal for development of the
site for consideration by the City Council, said proposal to provide for the development of not
less than 36,000 square feet of professional office space;
NOW, THEREFORE, BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF
BANGOR THAT, Martin Schneider is hereby designated the tentative developer of the City
owned development parcel on Exchange Sheet, formerly know as Urtan Renewal Parcel B-13,
until March 25, 2002, during which time Marlin Schneider shall have an exclusive option to
negotiate a development agreement with the City Manager and appropriate City staff for
consideration by the City Council on or before March 25, 2002.
IP CITY WMCIL
December 26, 2001
Notice MaAe sed secaoded
for Passage
Cousdl voted Conflict
for Council cabmen
Couocllor 9obu Abstained
fres Discu�saIfon amA Vote
Passed
RIITLE, Designating Martin Schneider
�f ntativ Develcrimar of treer
Development Parcel
Assigner! W Councilor l_A'tlLYIW