HomeMy WebLinkAbout1996-01-22 96-91 ORDERCOUNCIL ACTION
Item No. 96-91
Date January 22, 1996
Item/Subject: Authorizing Execution of Release to Hillbrook
Partners
Responsible Department: Legal
The City of Bangor is the secured party under a recorded
"Subdivision Improvement Guarantee and Real Property escrow
Agreement" with Hillbrook Partners, securing completion of required
public improvements in the approved subdivision. All required
public improvements were completed to the City Engineer's
satisfaction in November, 1995. Accordingly, the attached Order
would authorize the City Manager toexecute a Release, in
recordable form, releasing the City's interests arising by virtue
of the Agreement.
Vu VI � 1
Department Head
Manager's Comments:
t
Cityy Manager
Associated Information: Order, Release
Legal Approval:
Finance Director
city solicitor
Introduced For
Passage
First Reading
Referral Page 1 of _4_
96-91
ASigned to CamNw 9aldaccl January 22, 1996
CITY OF BANGOR
(TITLE.) WTbBi Auth icing Hxecuti of Release to Hillbmok
By dm pW Cassel of AS MY OfBnngar:
The City Manager is hereby authorized on behalf of
the City of Bangor, to execute a Release of the "Subdivision
Improvement Guarantee and Real Property Escrow Agreement" with
Hillbrook Partners. A copy of said Release is attached to this
Order and is incorporated herein by reference.
M CITY COUNCIL
January 22, 1996
Passed
... CIn CLERK
96-91
O R DER
�. Title, Authorizing Execution of
Release to H111brook Pettnerbr
........................... 4..........
Aeeignd to
d ........ .CouoC..i....
Lnan..
��
t
A..
iI.
I.
RELEASE
The CITY of BANGOR, a municipal corporation organized and
existing under and by virtue of the laws of the State of Maine and
located in Penobscot County, Maine, as secured party under a
°Subdivision Improvement Guarantee and Real Property Escrow
Agreement' with HILLBROOE PARTNERS, a Maine General Partnership
with a place of business in Bangor, County of Penobscot, State of
Maine, whose general partner is Frederick A. Oldenberg, said
agreement dated October 30, 1989 and recorded in Book 4548, Page
161, Penobscot County Registry of Deeds, as subsequently amended on
February 25, 1992 and September 30, 1992, hereby releases to said
Hillbrook Partners, all interests of the City of Bangor in and to
lot nos. 13, 16 and 17 in the Hillbrook Subdivision -asshown-ont-he -
"Final Plan of Hillbrook Development" dated March 29, 1989, revised
June 6, 1989 and August 16, 1989, prepared by Plisga S Day, Land
Surveyors, and recorded in Penobscot Registry of Deeds in Map File
D303-89, arising by virtue of said agreement. All interests of the
City of Bangor in and to Lot nos. 14, 15 and 18 referenced in said
Agreement have previously been released.
This Release is given pursuant to paragraph 8 0£ said
Agreement, in consideration of the satisfactory completion of all
required public improvements in the Hillbrook Subdivision.
_2_
IN WITNESS WHEREOF, the said City of Bangor, has caused this
instrument to be executed by its duly authorized representative
this 24th day of January 1996.
n
CITY SOF /BBAN/�GOR
,w.. By: / NAGA.4Y LY_—
wi ss Edward A. Barrett
City Manager.
STATE OF MAINE
PENOBSCOT, ss. January 24 , 1996
Then personally appeared the above-named Edward A. Barrett,
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,
01/
Notary Public -
Printed Name: Terri Lee Corey
12/23/96