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HomeMy WebLinkAbout2001-07-09 01-273 ORDERCOUNCIL ACTION Date: July 9 2001 Item No. 01-273 Item/Subject Designating Ocean Properties LTD Tentative Developer Of Penobscot Riverfront Hotel - Responsible Department Community A Economic Development Commentary: The City issued a formal Request for Qualifications from developer and a subsequent Request for Proposals for development of the Penobscot Riverfront• Ocean Properties LTD submitted the Only proposal for development of a hotel, which is the Centerpiece of the City's redevelopment plan for private development. This order would give Ocean Properties LTD exclusive statue as developer of the proposed headquarters hotel until September 24, 2001. During this period, City staff would be authorized to negotiate exclusively with Ocean Properties for the development of a riverfront hotel, and to prepare a development agreement with Ocean Properties for consideration by the City Council on or before September 24, 2001. Department Head Recommend approval. Order Legal Approval: pity S icitor Introduced For % Passage First Reading ❑ Referral Page ] of 1 Budget Approval: dV Finance Director Legal Approval: pity S icitor Introduced For % Passage First Reading ❑ Referral Page ] of 1 01-2]3 AssilloWwCouncilor aaldacci July 9, 2001 CITY OF BANGOR (TITLE.) Order, Designating Tentative Developer of Penobscot Rivemont Hotel WHEREAS, the City connected Wim Hunter Interests Inc for the preparation of a Penobscot RNeHmnt Redevelopment Plan; and WHEREAS, a high quality headquarters hotel is the centerpiece of the area designated for private development in Hie Penobscot Rmerhont Redevelopment Plan; and WHEREAS, the City Issued a formal Request for Qualifications and a subsequent Request for Proposal for development of the Penobscot Riverhont; and WHEREAS, the proposals received in response to the Request for Proposals have been reviewed by the City Council; and WHEREAS, Ocean Properties LTD submitted the only proposal for development of a hotel in response to the Cho Request for Proposals; and WHEREAS, Ocean PmpeNes LTD has demonstrated ample capacity to tarty out development of a hotel project on the Penobscot Riverhont; NOW THEREFORE BE 9ORDERED BY THE CRY COUNCIL OF THE CITY OF BANGOR THAT, Ocean Properties LTD Is hereby designated Me tentative developer of a proposed headquarters hotel in the Penobscot Rivmfront Redevelopment Pmject until September 24, 2001, during which time Ocean Properties shall have an exclusive option to negotiate a development agreement wilm Me City Manager and appropriate City staff far consideration by the City Council on or before September 24, 2001. IN CITY COUNCIL July 9, 2001 Notion Hade and Seconded for Passage Conflict Established d Voted for on Council Chair aohman Council Chair nnhman stepped down as Chair 6 abstained from discussion amd vote. Councilor Blanchette chaired this, isome (order) Passed p 01-2]3 (WLE,) Nesiguating Tentative Developer of Penobscot ver root e �CLERK 1 ' Rulgnedb CaunGlor • a/A_