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Home My WebLink About1995-04-10 95-162 ORDERCOUNCIL ACTION Item No. 95-162 Date April 10, 1995 Item/Subject: Authorizing City Manager to Sell Portion of City - owned Lot Adjacent to 347 Buck Street (Portion of Tax Map 15, Lot 122) Responsible Department: Legal The attached Order would authorize sale of a 22' x 100' strip of land off of a lot owned by the City on West Broad Street (Tax Map 15, Lot 122 - see sketch attached). The sale has been requested by Coldwell Banker/American Heritage Real estate on behalf of Fannie Mac Mortgage Corporation, which iscurrently marketing the adjacent property at 347 Buck Street. The purpose of the request is to cure an fisting driveway a achment on the City's adjacent lot. The purchase price, $4,000.00 has been determined based on the City's (cont'd) �A u yuI nepartment Head Manager's Comments: LamN�MOnM4 city Manager Associated Information: Order and Memorandum) S"00, )eYf� Budget Approval: Finance Director Legal Approval: City so Introduced For Passage First Reading Referral - Page of _2_ current tax assessment of the adjacent lot. See Assessor's memo, attached. This item was recommended for approval by the Finance Committee at the Committee's April 3, 1995 meeting. 95-162 Aeugw]to Coundkw Soucy April 10, 1995 ��pp CITY OF BANGOR (TITLE.) (DrDTTt ,Authorizing City Manager to -Sell Portion. of City - owned Lot Adjacent to 347 Buck Street (Portion of Tax Map 15, Lot By tN C4y Commm of 04 Wty Of Beaver. ORDERED, TEAT The City Manager is hereby authorized to sell a portion of the city -owned lot designated as Tax Map 15, Lot 122, to Fannie Mac Mortgage Corporation Or its designee, as an addition to the property located at 349 Buck Street, designated as Tax map 15, Lot 123. The land to be sold consists of a strip fronting 22 feet n Buck Street and extending 100 feet back from Front Street adjacent to .the present northwesterly line of 347 Buck Street. The selling price shall be not less than $4,000.00, with conveyance to be by municipal quitclaim deed in a foam approved by the City Solicitor. 'IN.CITY COUNCIL, 95-162 April, 10, 199 O R D E R Pe of Cit Authorizing City Adjacent 3 to Sell Street portion of (Portion Lot p 15, Lo to 2) 9otk Street -- C4 CLERR. ......ov of Tan ... 15, Lot f02). .....................^.................. �W A«ip¢d to ................. Councflman LRME$JCE1. � 95-162 E'Aii"v J.4EP4T OMEAIGH HEHMAGE PC NA as REAL ESTATE WWOOPMEOPM asaonmaam March 20, 1995 City of Bangor 73 Harlot Street _ Bangor, Maine 04401 Att'nr Mr. Eric Stump£el ESO. - City Attorney Subject: Property located at 347 Buck Street Reference: Penobscot County Registry BE 4475, Page 78-81 Talents of 3/10/95 Stumfel/Savoie Dear Mr. Stumpfel, Please find enclosed the referenced Registry entry which was the subject of the referenced telephone conversation. The city tax map number for thepropertymap #15, Lot A 123 The Registry entry in question provides license tocontinue the encroachment by the a of the subject property on the City of Bangor park property shown as map A 15, Lot S 122 Caldwell Banker American Heritage Corp. acting as agents for Freddie Mae, an agency of the Government of the United States of America, herein requests the City of Bangor to Consider action to convert the aforementioned License to a permanent easement or to establish terms by which the portion of the lot describe in map f -15, Lot M 122r be conveyed by Fee Simple Ablsolute to the owners of the subject property. CBAHRE requests that a statement of anticipated costs be provided to the undersigned prior to the initiation of either of the requested actions. Thank you for your assistance in this matter Si tersely avIol cc Freddie Mae 12222 Merritt Drive, Suite 700 M lndeWn ly demand and Operand banner A Weed Game AaSidmlial NliliLes, ha. 95-162 �' frtM'1 B6475 Pc075 propertyKNOW AIL deal Or THESE FUS!"S ITATTo let Add In med.14 ... lisp at On. tailor bad by Yeacry a. TICOUT. Of Indent COIRLY of Foremblact. St." 19 hold.. 'I. CITY Or LANCOR. by It, "orchestra City M ... War, or.. 11.0 .." 'be aid TLdCY J. TINGLEY far be �5. a" admit Of install, her monomania one Affinijinm, 4 retain Heeds as bad Eight 99 add, "on" 6" holstein me toyMCLIg gong.f.ded "A build tilde, .1 Iceland. 'holder .1t..Idd .1. cities's City—werEd PrOPertj Ogden .. did OW Tendency Poll' 1114ted 4C the I"CarotcCas. of birth Site., odd Woof atrocity in the PIO14 III.. being drama 1. . plus blItIlIt Mortgage Inspection Sketch 11 On put., J. Chances robotic, Yang 0... rated far T ... y J. tl,SL.y 114 United task , acted her 4. load und prep ... I be ?flags I IMF. A copy If old Yllh pill Ad attached garbed am EXhLait A , he If he by Tracy t. Tingle.. bat Is :.:i ` .:tto in, rvu«..t .. ......lau' r ..0 Oil couldly Fort. .,ent of tKe existing n..e..m.."..r lab r.b:.ni:.:a .:d pound dee.n tableland lean. ro ..nl.a b1 the relay of termination herein, this Lemme OFAIX COMLIOUC in f*Ece only ad long .. 71.17 T. Tailor, be' "obtained or opol".t .... land to occupy the promised. n w.. shelf raa..m m .a....... w . ,....b >.e.at .. d.... Or I'll It gas 111(1ni days Polar .,I .... .. Posted Mike' to Granted or bar emessocs; and poor MAcce to caused a, Inch If hold ai:: n interest in Cry enter'. h..i e`:a pound cited. Loading Only to trade 95-162 ee4475 P6079 IN Mines, mirrion. the fire or dealer no. be field11.....16.. u . tat. 20I .day im. b,City NWIM., v... boom. ... 1'.. 27 . U<, Capacity m City INAM., for to. Lee at Singer, am 4yomVI arg" the IttagOinly to be bit fete Sea am dim to If- 'lid '.Poetry old In. to.. art MI dead 'a the city I ar , I III ._x.,.1. We banner...,,. A475 na. 80 C,,,,,M„o "1 113 ?lILC WRTR, 9p 95-162 - - 95-162 MORTGAGE INSPECTION SKETCH PETER J. DEROCNE PROPERTY PEMOBSCOT. IS REL'B BUCE SIREET-B<NGOR'M<INE „ v 89AID YIN!12 TRACY J.aTINGLEY pV3y3` ul SISTER UNITEDD BANK 95-162 MRMO[tANDUM March 21, 1995 TD: Ken Bibb, Economic Development Jim Ring, Engineering Dale Theriault, Parks & Recreation Director FROM: Erik M. Stumpfel, City Solicitor RE: Request to Purchase City -owned Land (Tax Map 15, Lot 122 - portion) Recently, i have been contacted by Paul Savoie of Coldwell Banker, on behalf of the Freddie Mac mortgage corporation, to request that the City convert a recorded encroachment license granted to the prior own of 349 Buck Street into a permanent easement or fee conveyances- Copies of the correspondence, license, and a sketch based on the City's tax map are attached. I have looked at the City's source deed, dated July 12, 1944, which conveyed the land concerned from the Roman Catholic Bishop of Portland to the City of Bangor. Apparently, the City's lot had formerly been held by the Bishop with the intention of using it for cemetery purposes. However, there are no restrictions on future use or disposition in the deed from the Bishop to the City. 11 At your convenience, please take a look at this request and let me know if there are any reasons why the City shouldn't sell its underlying fee interest in the encroachment area to Freddie Mac at fair market value. i have scheduled this item for discussion by the Finance Committee on April 3, 1995, and would appreciate your comments by that date. By copy of this memo, i have asked Ben Birch to develop a figure for the land value of the adjacent residential lot (Map 15, Lot 123), on a per square foot basis. BMS/red Attachments PC: Edward Barrett, City Manager David Pellegrino, Purchasing Agent John Quartararo, Finance Benjamin Birch, Assessing c 1 r as Er 15 95-162 C. 5. 26 LOT i 1 4 95-162 CITyY9OF g MAINE oppose 'Ile win ASSESSINGCEPARTMENT - TEL 2OM"100 Benlemin BbM, Jr., Amaaeaor Lillian Smits, Appraiser Earl Sherwood, AppralsaVTach Philip S. Crew, Apprelsel?erb. - - Rhonda Jordan, Account Clerk March 30, 1995 TO: Erik Btumpfel FR: Benjamin F. Birch Jr. ��tltl RE: Property at 347 Buck Street Problem, encroachment on city property by above address; On March 30, 1995, a rough maent of the property at 347 a Buck Street (map 15, lot 1231 w conducted by the Assessing Department. using a 150' tape, the amount of encroachment o lot 122 has been determined to be 22' minimum. Measuring the depth of the lot 100', it would appear that a strip of land 22' on Buck Street and 100' deep be considered the least amount of land to be conveyed by the City. Based on the current front -foot value of the neighborhood under consideration the value per front foot is $175.20. This figure times the 22 feet is $0,854.00, rounded to $4,000.00 value, PC: Edward Barrett David Pellegrino John Quartarerp Ken Gibb Jim Ring Dale meriault BFB/rai