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HomeMy WebLinkAbout1999-04-26 99-171 ORDERCOUNCIL ACTION Date: April 26 1999 Ioan No. 94171 Item/Subject: Authorizing Lease Sale of Lot 6 in BanAir Industrial Park to Greenway Equipment Sales Recpensible Department Community 6 Economic Envelopment Commentary: This Order would authorize the Sale Of Lot 6 in the Ba lir Industrial Park to Greenway Equipment Sales to construct a '9,800 square foot building to be used for farm equipment, lawn equipment and recreational vehicle sales. (See attached Memo). O Dertment Ned Manager's Comments: C-(—£ p vVUA 4oca,y}:wjy �' ^ �" " City Manager Associated Info tee tion Budget Approval: Finanna hector 4 iLa�n�. For Passage 0 First Reading 0 Referral Page 1 of 3 Amigaed to Ommaar Vardauts Apri126, 1999 _ CITY OF BANGOR (TITLE.) W1rbtr,.....Aq(hortzing Lease Sale OfLot .fi in BartAir. Indasmal Park....... .... ._ __._„_ To Greenway Eguipmer Sale ......_..__... .. ............ _. By tqe oft ComieB of city ofBaupee: OiRD&BBD, TWT WHEREAS, Greenway Equipment Sales has proposed to acquire Lot 6 in theBator Industrial Park to develop a headquarters and warehouse facility for its fern and lawn equipment and recreational vehicle sales and service business; NOW THEREFORE BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT, the City Manager is hereby authorized to execute a purchase and sale agreement between the City of Bangor and Creenway Equipment Said for Lot 6 in the Bahr Industrial Park, in a form approved by the City Solicitor or Assistant City Solicitor, and containing substantially the following tams and conditions and other such tams and conditions as may be deemed appropriate by the City Solicitor _ or Assistrnt City Solicitor, Premises: Lot 6 in the BaMir Industrial Park Purchase Price: $60,000 Minimum Development: Construction of a building having not less than 9,800 square feet of gross floor area, meeting all City code requirements. Additional Terms and Conditions: a. Site work and building improvements shall continence within one year. b. Site work and building improvements shall be completed within two years. c. The area within the onto setback shall be Iarsiscaped and planted with a minimum of one shrub, evergreen tree, and deciduous tree each 100 feet. BE IT FURTHER ORDERED, THAT and upon Greenway Equipment Sales completion of the requi anents of the purchase and sale agreement, dm City Manager is hereby authorized to execute a deed conveying the property in Greenway Equipment Sales, with other tams and conditions m may be approved by the City Council Community and Economic Development Command, in a form approved by the City Solicitor or Assistant City Solicitor. IN CTT4 MWCIL April 26, 1999 Notion for Passage Made wed Seconded. Motion to Amend by deleting the word "lease in Me title Nade and Seconded. Passed as Amended ez 99-171 ORDER Title, Authorizing Lease Sale of Lot 6 in San Air Irduutrial Part to C[eeuvay zguipmeut Sales ...................................... `F�Gw Asig ed to Enaati>man 994]1 RANAIIRCORPORATION73 Harlow St. Bangor, Mane 04401 ayrwo.fAnigor Foreign Tome zone 58 (20'!)94]4842 (207) 9454449 (Fax) Memorandum To: Members of the Bangor City Council From: Stephen A. Bolduc, Executive Manager Date: April 26, 1999 %3. Subject: Offer to purchase Lot 6 in the BanAir Industrial Park Issue Greenway Equipment Sales has made an offer to purchase Lot 6 in the BanAir Industrial Park on Outer Hammond St. Backareund Greenway Equipment Sales wishes to construct a building on lot 6 for use as the heatlquarters office and warehouse for their farm and lawn equipment and recreational vehicle business. The company currently operates in two locations, Bangor and Ellsworth. Bangor operates as a sales depot and Ellsworth as the company's headquarters. The proposed project would enable the Bangor location to become the headquarters transferring administrative offices, inventory, repair facilities and primary sales functions. The building is designed to be 9,800 sq. ft. with a paved area for parking and outside display. There would also be a large secure area for outside storage of inventory. Greenway Equipment Sales currently has eight employees, four at the Bangor location. This project would require another employee to be hired for Bangor. Lot 6 is 3.04 acres with 330' of frontage on Baniair Rd. The Baftir Industrial Park is a Urban Industrial land use district, and therefore a building of up to 53,038 sq. ft. could potentially be developed on the lot. However, there are approximately 1.45 acres of wetlands identified an the lot. A 30' wide drainage and utility easement runs along the Page 2 of 3 99-111 easterly side of the lot. If the wetlands are removed from the total lot acreage, the remaining lot would be 1.594 acres. The proposed building, 9,800 sq. fl. would be 14% of the available developable area, slightly under the target minimum building size of 16% of developable area, but within the range of previously accepted building sizes. The asking price is $73,200 or $24,100 per acre. The offer is below the asking price and is made contingent upon financing of the purchase by the City of Bangor. Greenway Equipment Sales has submitted a listing of the additional costs associated with the development because of the extensive wetlands on the lot. M. D. Hardy, their general contractor, has estimated wetlands related costs of about $25,000. Their offer is based upon the asking price and deducting the additional development costs. The City Engineer has reviewed the cost estimates and found them to be appropriate and reasonable for the development of this lot. The City of Bangor is not represented by a real estate agent in this transaction. Recommendation Members of the BanAir Corporation Board of Directors recommend sale "a tot to Greenway Equipment Sales but at a price higher than that offered. If the offer is approved it should be with the following terms and conditions: a. Site work and building improvements shall commence within one (1) year. Sufficient evidence of proceeding with the "building improvements" is an approved Land Development Permit, issuance of a Building Construction Permit and initiation of construction of the building. Id. Site work and building improvements shall be completed within two (2) years. c. The building shall have a gross Floor area of not less than 9,800 sq. ff. d. The area within the from setback must be landscaped and planted with trees and shrubs as follows: plant units per 100 ft.: one (1) shrub, one (1) evergreen tee, and one (1) deciduous tree. Members of Me BanAir Corporation Board of Directors also recommend ff the offer is accepted that the City of Bangor finance the purchase of the lot under Mums and conditions to be negotiated. Page 3 of 3