AUBURN — Councilors will clarify their support for Bedard Pharmacy's planned Minot Avenue operation Monday.
The City Council has scheduled a special meeting at 5 p.m. Monday to sign closing documents, transferring the old Gooseberry Barn property at 359 Minot Ave. to the pharmacy group for $450,000.
Councilors approved the sale in August and tax incentive package in September. According to the August decisions, councilors directed the city manager to negotiate and sign the sale documents.
"But the attorneys for the bank have said they want something a little more formal," said Roland Miller, Auburn's economic development director. "They're asking the council to essentially sign the deeds and formally approve the deal."
The meeting was put together Thursday, and Miller said he has talked to five of the seven city councilors. All five are expected to attend the special meeting.
"So we have a quorum," he said. "I'm not expecting a very long meeting, just enough to basically confirm and clarify what they've already agreed to."
Councilors approved a six-year tax increment finance package in September to help the company move its home office to the old Gooseberry Barn site. The finance district would return $202,240.91 of the projected $505,602 in property taxes the pharmacy would pay through 2017.
The city took over the 3.8 acre lot in 2007, paying $625,000.
The company plans to relocate its corporate headquarters to Auburn, adding a small retail pharmacy store on the first floor and an area to customize prosthetics and medical equipment.