HomeMy WebLinkAbout1998-07-13 98-276 RESOLVECOUNCIL ACTION
Item No. 98-276
Date duly 13 1998
Item/Subject: Ratifying Execution and Delivery of Municipal
Quitclaim Deed -- Real Estate Located at 120 Hudson Road
Responsible Department: Legal
A municipal tax lien against property located at 120 Hudson Road,
for BY 1996 taxes, matured on December 5, 1997. However, the
holder of a first mortgage on the property, Bangor Savings Bank,
did not receive notice of the original lien filing. In this
circumstance, 36 MRSA 3 943 gives the mortgage holder the right to
redeem the property by paying the taxes concerned within 90 days
from the date of actual notice to the mortgage holder. Under this
provision, Bangor Savings Bank paid the FY 1996 taxes, lien charges
and interest on May 12, 1998. FY 1997 and FY 1998 taxes remain
unpaid.
Under 5 943, the City is required to release the property to the
mortgage holder. A quitclaim deed was issued by the City on June
26th, to facilitate a scheduled real estate closing. This resolve
would ratify the Finance Director's execution and delivery of the
City's quitclaim deed.
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Department Head
W
City Manager
Associated Information: Resolve, Deed
Budget
Approval:
Finance
Director
U �
City Solicitor
Introduced For Consent Agenda
X Passage
First Reading
Referral Page 1 of 3
Assigned to Councilor Rohnan 98-278
July 13. 1998
_ CITY OF BANGOR
(TITLE,) �601t14 Ratifying Execution and Delivery of Municipal
Qu tcl a im., Deed-_._Rea 1E ga t npe _ Lot ate at_120 Bids On Rodd
By the City Council of W City of Danger:
MR)LV&D.
THAT the actions of the City Finance Director and City
Solicitor i n
ecutiand delivering a municipal quitclaim deed,
releasing tax title to property located at 120 Hudson Road to
Bangor Savings Bank 1s hereby ratified and confirmed.
A copy of the deed is attached to this Resolve and is
incorporated herein by reference.
IN CITY COUNCIL
July 13. 1998
Passed
98-276
RESOLVE
Ra[££vina Execution and Oelivery of
Municipal D � laimee
D -.Real Estate
Located at jRf�9udSOn Roadd
98-276
MUNICIPAL OUITCLAIM DEED
The CITY OF BANGOR, a body corporate, located in Bangor,
Penobscot County, Maine, for consideration paid, releases to BANGOR
SAVINGS BANK, a banking corporation having its principal place of
business in Bangor, Maine, the land in Bangor, Penobscot County
State of Maine, more particularly described as follows:
Real estate located at 120 Hudson Road in said
Bangor, as described in Book 2173, Page 218,
Penobscot Registry of Deeds.
The purpose of this deed is to release all right, title and
interest in and to the above-described premises arising by virtue
of unpaid real estate taxes assessed for municipal fiscal year
1996, as reflected in a tax lien certificate recorded in the
Penobscot Registry of Deeds In Book 6119, Page 87. All municipal
rights in the above-described premises for roads, utilities and
other public purposes, and all rights arising by virtue of
subsequent Year tax liens, are expressly retained.
Bangor Savings Bank, grantee of this instrument, is the
mortgagee of the prior property owner, Lawrence E. Merrill. This
deed is given by the City of Bangor pursuant to the grantee's
exercise of the mortgagee's statutory redemption rights under 36
MRSA 4 993.
The said CITY OF BANGOR has caused this instrument to be
Baled with its corporate seal, and signed in its corporate name by
RONA �. HILLER, Finance Director, thereunto duly authorized,
I his �_ day of June, 1998.
Signed, Sealed and Delivered
In the Presence of CITY OF BANGOR
&Ao tl.UnKt BY
Witness Ronald i. He
Finance Director
STATE OF MAINE
PENOBSCOT, as. June Z57, 1998
Then personally appeared the above-named RONALD I. HILLER,
Finance Director, and acknowledged the foregoing instrument to be
his free act and deed in his said capacity, and the free act and
deed of said body corporate.
Before me, ^y ^'� ty�I l^•,�
Meta t -at-Law
Printed Name: Cpjt M. sUM,
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