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HomeMy WebLinkAbout2001-01-22 01-104 ORDERItetr: Mo� Date: January22,1001 Item/Subject: Authorizing Reimburscnent to the Maine Discovery Museum for Freeaes Building Improsismerda Responsible Department: Community and Economic Development [anmcdary: The City approved ]oars of $1,934,300 to JMC Partners, LLC (Joe Cloutier) to vmprovemems argil rehabilitation of the lower three fioors and basement of the Main Street side of the Freeaes building. Only $1,899,409.51 was used by WC Partners, leaving a remaining available balance of $34,590.49. With accmed interest, approximately $35,200 remains available from the $1,934,000 borrowed by the City. JMC Partners ended their work without completing some of the work marooned, as Wintered work would not necessarily have benefited the amended museum use. Contractors fm the Maine Discovery Museum have completed the additional work mounded and representatives of the museum have requested reimbursement from the City from funds remaining available for this intended purpose. This Order would authorize reimbursement to the Maine Discovery Museum from the funds remaining not to exceed $35,200. 2t" xKa DeparoneM ead Associated Information:0 Aby Rnante Director Legal Approval: Soldier Passage _ First Reading Page_ of _ Balsams] A93rgned to COWCIIO( Va[damis ]avuai9 22. 2001 Ilk 4 CITY OF BANGOR (TITLE.) Order, Authorizing Reimbursement to the Maine Discovery Museum for Fresses Building Imp(ovements By the OIY Opened ctxaw 0sy of Bangor. ORDF.RF.D, T T WHEREAS, the City through agreements with ]MC partners, approved by Council Orders 98-397 and DD -58 agreed to provide $1,934,300 for financing of Improvements and rehabilitation of the Omer three floors and basement of the Main S02et side of the former Freeess building at 74-96 Main Street; and WHEREAS, of the $1,934,300, $1,899,909.51 was advanced W ]MC Partners, LLC leaving a balance of $34,59D.49, and with aarued Interest, approximately $35,200 remains available; and WHEREAS, contractors far the Maine Discovery Museum have completed Improvements to the former Freeze building intended to be financed by the Ory; NOW, THEREFORE, BE IT ORDERED BY THE CM COUNCIL OF THE CITY OF BANGOR, THAT the City Manager is hereby authorized to reimburse the Maim Discovery Museum for Improvements and nehabllNation W the lower three floors and basement of the former Freesse building, from funds remaining available In Ory Account Nos. 79-09-73082000 and 79.09. 91008700, in a total amount not to exceed $35,200. W CI7f COO IL lasmry 22. 2001 Mtiw far Passage Node aad g 01-106 secooaea Paeaed 0 R D 8 R cx CLRHR (TITLE.) mirhnriinu Reim r,eat 0 the Nana Discovery N eos for PreesesBulldIDg OEM Pull Mill