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_