Description
The City of Saco is offering two adjacent, city‑owned parcels (approximately 5.5 acres at 14 Phillips Spring Road and 6 acres at 16 Phillips Spring Road) for sale to a qualified purchaser‑developer. The buyer must meet minimum purchase prices ($520,000 and $560,000 respectively), submit a detailed development and business plan, demonstrate financial capability, and agree to an “as‑is, where‑is” quit‑claim transfer. The City will evaluate proposals based on economic impact, best‑use analysis, price, and the proposer’s qualifications. Environmental and wet‑land permits must be obtained through state and federal agencies, with a potential six‑month review period. The process includes a question‑submission deadline (Nov 24 2021), optional site visits, and a final proposal deadline of Dec 8 2021. Selection is scheduled for Jan 12 2022, with contract execution by Jan 19 2022.
• Minimum purchase prices: $520 k (14 PD) and $560 k (16 PD).
• Required deliverables: highest‑and‑best‑use analysis, development plan, business plan, timeline, financial capability proof, and signed offer.
• Permitting: Multiple state/federal environmental permits (ME DEP, ACOE, Maine DOT) with up to six‑month approval time.
• Evaluation criteria emphasize economic impact, price, and developer experience.