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HomeMy WebLinkAbout2017-05-22 17-180 ORDERCOUNCIL ACTION Item No. 17-180 Date: MAY 22, 2017 Item/Subject: Order, Authorizing Amendment to Agreement with David S. Boyd for 73 Central Street - Map -Lot (041-083) Responsible Department: Legal Commentary: This Order will amend an agreement with David S. Boyd for property located at 73 Central Street. A real estate tax lien on property located at 73 Central Street matured in 2016 and the City took possession. Through an agreement approved in July 2016, the City agreed to convey title back to the previous owner, David S. Boyd, once the property has been renovated to correct all code deficiencies including fixing the fagade, sprinkler system, and creating commercial space on the first floor. The owner paid the City all outstanding amounts due the City at that time. The Agreement provides that if the owner is making a good faith effort the time to complete can be extended. The contractor has been in contact with the City's Code Enforcement Office to keep the City informed of the progress. It has proven to be more involved and extensive than originally contemplated, the project is nearing completion. The owner has requested an extension of the deadline for completion of the first floor renovations. If approved, this order would authorize amending the agreement to provide that the work shall be completed by June 30, 2017 and that upon execution of the amendment the owner shall pay all monies due the City as of June 30, 2017. The Agreement shall be in in a final form as acceptable to the City Solicitor or Assistant City Solicitor. Manager's Comments: Associated Information: Budget Approval: Legal Approval: Introduced for Passage First Reading Referral Department Head City Manager G:: -- Finance Director Page _ of _ icitor 17-180 MAY 22, 2017 Assigned to Councilor Tremble iDF BA CITY OF BANGOR 'SAT D. F' (TITLE.) ORDER, Authorizing Amendment to Agreement with David S. Boyd for 73 Central Street Map -Lot (041-083) WHEREAS, a real estate tax lien on property located at 73 Central Street previously matured; and WHEREAS, the property owner, David S. Boyd, has entered into an agreement with the City of Bangor whereby the City Will convey title to the property back to him if the property is renovated to correct all code deficiencies and commercial space is created on the first floor; and WHEREAS, the property owner, David S. Boyd, has made significant progress on demolition and renovation planning but requires additional time to complete the rehabilitation work; and WHEREAS, City staff have verified significant progress has been made on rehabilitating the building which is in the best interest of the community. By the City Council of the Oty of Bangor. ORDERED, THAT Catherine M. Conlow, City Manager, is hereby authorized on behalf of the City of Bangor to execute an amendment to the agreement with David S. Boyd for the redevelopment of 73 Central Street to extend the deadline to June 30, 2017 and to require that all outstanding charges on the property due the City as of June 30, 2017 be paid. Said amendment shall be in in a final form as approved by the City Solicitor or Assistant City Solicitor. IN CITY COUNCIL MAY 22, 2017 CO 17-180 PASSED D PUTY CITf CtERK