HomeMy WebLinkAbout1997-04-28 97-204 ORDERCOUNCIL ACTION
Item No. 97-204
Date Agril 28 1997
Item/Subject:
Authorizing Execution
of
Municipal Quitclaim Deed
I
- Real Estate Located
at
236 Husson Avenue (Land)
Responsible
Department: Legal
Department
In connection with a foreclosure action by Federal National
Mortgage Association, it was discovered that the City of Bangor
incorrectly assessed common elements (open space, etc.) in the
Morningside Condominium project, 238 Husson Avenue, against the
project developer, Property Investments, Inc., for tax years 1994,
1996 and 1997. Under Maine law, the common elements in a
condominium project are taxed oro lata to the owners of individual
units in the project, once any reserved rights of the project
developer have expired. Property Investment, Inc.'s reserved
rights in the Morningside Condominium common elements expired in
October, 1992.
(COnt'd
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I
City
S
Manager
Department
Head PU
Manager's
Comments:
City
S
Manager
Associated Information: Order, Deed
Finance Director
Legal
Approval:
CityClty
S
Introduced For 99116BNR-deeNBA-
Passage
First Reading
Referral Page 1 of 4
9I-204
Resigned b Cowcilm Sullivan April 28, 1997
CITY OF BANGOR
Authorizing Execution of Municipal Quitclaim Deed
(TITW oorr . ........ .. . _._. ......... _._.__ .........
-- Real Estate Located at 238 Husson Avenue (Land)
By Qtg Cannel of Qq'nfBan .
ORDM ne
THAT 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 238 Hasson Avenue (land) in said Bangor by virtue
of a matured real estate tax lien for fiscal year 1994 recorded in
Book 5662, Page 40, Penobscot Registry of Deeds. Said deed shall
be directed to Property Investments, Inc., its successors and
assigns.
Statement of Pact This Order authorizes a release of any
interests of the City of Bangor in the common elements of the
Morningside Condominium project, 238 Hasson Avenue, arising by
virtue of the FY 1994 tax lien recorded in Book 5562, Page 40,
Penobcsot Registry of Deeds. The c elements of the project
were Improperly assessed to the project developer, rather than
individual unit owners, for the year concerned.
IN CITY COUNCIL
April 28, 1997
Passed
CI ub
97-206
ORDER
Title, Authorizing Execution of
Municipal Quitclaim need - Real. Estate
Located at 238 8unson Avenue (Land)
Auigned to -
CQaQwo..wa.........
Councilman
9)-204
I ICIPAL QUITCLAIM DEED
The CITY OF HANGAR, a municipal corporation, located is
Bangor, Penobscot County, Maine, as Grantor, for consideration
paid, releases to PROPERTY INVESTMENTS, INC., as Grantee, of
Bangor, Penobscot County, Maine, the property located in said
Bangor and more particularly described as follows:
Real estate located at 238 Husson Avenue in
said
Bangor and further described in volume 3597,
Page 127, Penobscot Registry of Deeds. This
property is further designated as City of Bangor
real estate tax account number 85929.
Being the same premises acquired by said City of
Bangor (by Sohn Quartararo, Collector of Taxes)
for unpaid taxes assessed for tax year 1994 by
virtue of an undischarged tax lien recorded i
the Penobscot Registry of Deeds in Volume 5662,
Page 40.
The purpose of this deed is to release to the Grantee any
interest the Grantor may have in the above-described property by
virtue of unpaid taxes assessed for tax year 1994. All public
easements or other public interests in the described premises for
roads, Sewers, or other purposes are expressly reserved.
The said CITY OF BANGOR has caused this instrument to be
sealed with its corporate seal, and signed in its corporate name by
RONALD I. HELLER, Finance Director, thereunto duly authorised, this
day of April, 1997.
SIGNED, SEALED AND DELIVERED
IN THE PRESENCE OF CITY OF BANGOR
By
Witness Ronald I. Heller
Finance Director
STATE OF MAINE
PENOBSCOT, as. April _,199]
Then personally appeared the above-named RONALD I. HELLER,
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,
Notary Public/Attorney-at-Law
Printed Name:
9]-204
This order, at the Cagiest of Federal National Mortgage
Association, would release all interests of the City of Bangor
arising out of the City's FY 1994 tax lien, so as to clear title on
a unit in the project currently being foreclosed.