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HomeMy WebLinkAbout1998-05-27 98-230 ORDERCOUNCIL ACTION Date: May 22 1998 It® No. 98-230 Item/Subject: Authorizing Acceptance of Tide to Charleston (DOW) Family Housing Annex from United States of America/Secretary of the Air Force Responsible Department: Communally & Ecotmmic Development commentary: This Order would authotve the City Manager accept adeed conveying tide an 5l single family surplus housing units located on Randolph Drive and Maxwell Lane from the Secretary of the Air Force. The deed includes ry tr ctiorm dart require that if the City mils any portion of the property witlan len years, it most pay m the Air Force the lesser of (1) the amount of the sale ofthe properly sold or (2) the fair market value of the properly sold as deo:mined by the U.S. Goverment, The City may at anytime remove these deed restrictions by paying mthe U.S. Air Force the fair market value of the property established as $1.3 million. Aller acquisition, staffpmpoms the City former with a local agacy or agencies through a request for proposals (RFP) process in sell the individual homes at far market value miablishei by the City to individuals and families for owner occupacy under a program encouraging i t -arae home buyers and owner000upied residents that will maintain the stability of the adjacent neighborhood. prior to rhe City Council establishing the specifics of a disposition program, a mating with neighborhood residers will he held. i De vhnent Hea Manager's Gents: City Manager Associated Information: Budget Approval: Finance Director Legal Approval: � City Solicitor Introduced For: X Passage _ First Reading Page—j-_O£-4i_ Referral 90-230 Aoigned to Cawedor Baldacci May 27, 1990 CITY OF BANGOR (TME) (Drur, Auth01ri I Z I ing ACc I eptanc a o£1. Title, to Charleston(DOW), Family Housing Annex from United States of America /Secretary of the Air Force By 61* Flip (bawd Nem faeg NBaawr: ORDERED, THAT the City Manager is hereby authorized, on behalf of the City of Bangor, to accept a deed from the United States of America (Secretary of the Air Force), in the form attached, conveying title to the so-called Charleston (Dow) Family Housing Annex located i the vicinity of Union Street and Randolph Drive to the City of Bangor. Provided that, the city Manager's acceptance shall be conditioned on receipt of a written agreement from the Secretary of the Air Force, in a form approved by the City Solicitor, stating that the fair market value of the property conveyed, for purposes of the City of Bangor's exercise of the abrogation provisions contained in the attached deed, is $1,300,000. The City Manager is further authorized to execute and accept all other documents necessary to transfer title to the property to the City of Bangor. IN CITY COUNCIL May 27, 1998 Passed 98-230 O ROER Title, Authorizing Acceptance of Title to Charleston (DOW) Pamily Housing Annex from United States of America/Secretary of'tPk'Aiip8ice...................... ....................................... 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