HomeMy WebLinkAbout1999-03-10 99-113 ORDERCOUNCIL ACTION
Item No. 99-113
Date March 10, 1999
Item/Subject:
Order, Authorizing Execution of
Municipal
Quitclaim
N(
Deed -- Real Estate Located at
167 Center
Street
Responsible
Department: Legal
Manager
On November 16, 1993 the City loaned $10,045.00 on property located
at 167 Center Street, subject to a first mortgage by Peoples
Heritage Bank. On July 6, 1998, Peoples Heritage Bank filed a
Complaint for Foreclosure on the property. Judgment was entered
for the Bank in October 1998. There are real estate tax liens on
the property and in December 1998, one lien matured. The Bank had
been sent a copy of Notice of Impending Foreclosure, but failed to
pay the taxes. Therefore, the City obtained title. Peoples
Heritage Bank has paid the outstanding sewer user fees and real
estate taxes, and has agreed to pay the outstanding City loan at
the closing following the foreclosure auction, currently scheduled
for March 12, 1999. This Order provides for the execution and
delivery of a municipal quitclaim deed at the Closing.
Manager's
Comments:
� _^^ ^�
nn
N(
City
ro
Manager
Associated Information:
qinF ance/irectb or
Cityic itor
Introduced For CONSENT AGENDA
x Passage
First Reading
Referral Page 1 of 2
99-113
Assigned to Councilor 'Tyler March 10, 1999
CITY OF BANGOR
(TITLE.) (Orter, Authorizing Execution of Municipal Quitclaim
Deed -- Real Estate Located at 167 Center Street
B9 W My of My ofBa .
ORDRRRD,
TWT Ronald I. Heller, Finance Director, is hereby
authorized, on behalf of the City of Bangor, to execute a Municipal
Quitclaim Deed releasing any interest the City may have in the
real estate located at 169 Center Street in said Bangor by virtue
of an undischarged real estate tax lien recorded for tax year 1996
in Book 6407, Page 346, Penobscot Registry of Deeds. Said deed
shall be directed to the successful bidder at the foreclosure
auction of 167 Center Street, successor in interest to Kenneth
Jenkins and Nichols Jenkins, upon payment of all obligations due
the City of Bangor including sewer user fees, real estate taxes
and a loan from the City of Bangor regarding said property. Said
deed shall be executed within sixty (60) days of passage of this
Order.
IN CITY MYNCIL
March 10. 1999
Eaasea
C
99-113
0 R D E R
Title, Autivriring Execution of Municipal
Qufcelain Deed - Heal Estate located at
to/ Cenrer Street
Councilman