HomeMy WebLinkAbout2001-01-22 01-99 ORDERCOUNCIL AMON
Item No_ 9yy9_
Date: 2anuary 22, 2001
Item/Subject: Authorizing Negotiation of Development Agreement — Penobscot
Rivertront Development Project
Responsible Department Community and Economic Development
Commentary:
Two proposals have been received by the City in response to to Request for Proposals for
Development River -front issued last October 16. Both are worthy of the City's full
consideration and appear to be mutually supportive. The Conroy Development Company has
proposed to serve as 'master developer developing or arranging for the development of the
several uses proposed for the dverfront. The Conroy Development Company would be
seeking a owner/operator for the proposed headquarters hotel, for which Ocean Properties
ltd. has submitted a proposal. Passage of this Order would allow the City manager and
designated staff negotiate development agreements exclusively with the Conroy
Development Company and Ocean Properties for consideration by the City Council, as soon
as feasible, but no later than March 19,
Department Head
Manager's Comments:
6.�
City Manager
Associated Information: 0A1 N
Budget Approval:
Finance Director
Legal Approval:
CM/ Solicitor
Passage
_ First Reading Page _ of
Referral
01-99
Assigndto Cow law galdaccl January 22, 2001
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CITY OF BANGOR
(MLE.)Order, Authorizing NegotiationofDevelopmentAgreement —
Pevebscot Riverfront Development Project
By M e Oty CiwW of Me City ofBangs:
ORDERED, t T
WHEREAS, the City Issued a Request far Proposals for the Development of Penobscot Rlverf nt
on October 16,2000: and
WHEREAS, proposals were received from The Conroy Development Company to serve as
"Master DeveloW and from Ocean Properties , Rd for deyeiopment of a hotel; and
WHEREAS, these proposals conform to the Citys concept for development and appear to be
m mtally supportive; and
WHEREAS, time is needed to negotiate an agreement or agreements for the development
prop sed to clearly set forth the understandings of the prow;
NOW, THEREFORE, BE T ORDERED BY THE CITY COUNCIL OF THE CRY OF BANGOR THAT
the City Manager and his deMpatel staff are hereby authorized and directed to negotiate a
development agreement or agreements excl s ely with The Conroy Development CanWry
and Ocean Properties, Rd for development of the Penobscot RAerhont Development Project,
for conslderaUon by the City Coundl on or prior to March 12, 20D1.
I9 CIn MO IL
]aouary 22. 2001
Motion for Passage Made and
Seconded
Panaea
# 01-99
fertLE)an uth rising Negotiation of
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6 evetfront uevelop eut Project