Loading...
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