HomeMy WebLinkAbout1995-07-24 95-343 ORDERCOUNCIL ACTION
Date: July 24, 1995
Item No. 95-343
Item/Subject: Order, Authoriainq the Sale of City -owned Land, Tax Nap 17,
Lot 15A/Thatcher Road and Pare Road
Responsible Department: Legal
Commentary: FARicathememtpaMaszofaHmThareler Road,Taxeapl],1m13, hambm angmet
m PurcbsseellmePwtw ofthealjammt CayowuM Rxlocemd n0wintvacdm ofTbamberRmd am Form RoaL Mr. Rice
meiamms o residence and bmwas m bis wdedog bt
sxvmeiana uumadymNSSWsqume fataid, theefma da�eortmeetamortdevehrymm[smmdards £a the ioAuhy W'
smvice distdd which segswes a mdnimum 20,000 squmo-feot lot arca fa mY pemtided mai.
The City let w 9umdonb approdman1y 15,10D square feet and,0iae6se, elm does an meam nimm lot area require cats
mdwdisuid. maddidm,duem 0mcoWigura0mofthe Ciyslm and vs 4wetmwaanva,th 50 -foot frovtymd sdbmk
r0.000s Bothe miniusendserviced'vnictazaaetytiminthemeofthe Cigh btfordevelopment purymsee, even iEitmet tl�e
20,000 egmro-foot minimum bt arm regmmememt
Mr. Rice§overa mgnmingoftlm Cuyabt,ss Nm�ii auistim ofmiditiamllmd Gom the owoam[avoDm adjacent
Io4 would exam a mnfmmimA Im where oro does ne press Wy exirt
The City Aeeesam ed this lmmmell�ptbcalculele Va vahw The Aaeaemestimntes OutOwvalue oft4lot is
between $16,048 anA$17,9d $17,900. Mr. Thatdimhss a$adm Dw$1],900 price.
the 17,900. odnmf mPmPosedreaem mnein ownersltiP of tltis lot andwewould recammaoitlm Abe Bolden Mr.Rice
Manager's Comments:
I would recommend your approval. This proposed sale has been revlemed by the
Municipal Operations Committee which has reco>®endeddiits
�appproova^all also.
!'ITt' ML NA(:FR
Associated information:
Map, Assessor's Mono.
Budget Approval:
eIM v
Legal Approvals
r R
Int; ced For
Passage
_ First Reading Page_of_
Referral
95-343
Moped to GunzHoe Cohen July 34. 1995
CITY OF BANGOR
(TITLE) VBr1�ECt _.... Authorizing the Sale of City -Caned Land, Tax
4tl _._.. _._.. ...._..
nap 17, Lot lwA hatcher Road and Farm Road
By W qty Cowwlt of 0e City OfBGayOe:
ORDERED.
THAT the City Manager is hereby authorized to sell
the City -owned parcel of lend located at the intersection of
Thatcher Road and Farm Road, tax map ll, lot 15A, to Mr. Rd Rice
for $17,900.
95-343
y ORDER
Title,
In City Council duly 24, 95.- `Authorizing The sale of City
Passed - owned Land Tax Map 17 Loe
..........a'd a ...............15A
....
/7 oe� pMi Thatcher Road and Pam Road
yC eC ems— �......................................
....... Aripmdto
.......
- Councilman
PA
P
R. 5, 2 B
S..v At
L
95-363 \nV
The per acre value for assessment purposes is $38,,010 per
Thesubject is lessthan an acre and i adjusted for
using a size factor of .59.Because the lot Is
improved a additioddaejustment, using a land influence
factor 0f .80. Calculation is: $38,010 x .59 x .80 =
$17, 990 rounded to $37,900./
Not knowing what of how lots will be used, a ents
malty are set using this calculation pr0ce5ssamwhen a
lot development scheme is knowq then a dditiono1adjustments
are considered for: topography, excess frontage, shape, and
other restriction if they have an adverse impact on the
value of the lot.
Sales information for this a indicated that the per a
value for vacant land is $27,200. Adjusting this value for
a
ingthe same size factor of .59 a value of $16,098
Is made.
RECFl��EF
JUL f x 19?5
DEPARiMEN7
7V
FROM:
City Assessor, Benjamin F. Birch, Jr,
TO:
City Solicitor, Erik M. Btumpfel
RE:
Purchase of Tax Map 17, Lot 15A
Thatcher and Farm Road
As requested
by You, sales information and assessments
for
the
neighborhood which the subject property
is located have
been
reviewed.
The per acre value for assessment purposes is $38,,010 per
Thesubject is lessthan an acre and i adjusted for
using a size factor of .59.Because the lot Is
improved a additioddaejustment, using a land influence
factor 0f .80. Calculation is: $38,010 x .59 x .80 =
$17, 990 rounded to $37,900./
Not knowing what of how lots will be used, a ents
malty are set using this calculation pr0ce5ssamwhen a
lot development scheme is knowq then a dditiono1adjustments
are considered for: topography, excess frontage, shape, and
other restriction if they have an adverse impact on the
value of the lot.
Sales information for this a indicated that the per a
value for vacant land is $27,200. Adjusting this value for
a
ingthe same size factor of .59 a value of $16,098
Is made.
RECFl��EF
JUL f x 19?5
DEPARiMEN7