HomeMy WebLinkAbout1993-09-13 93-424 ORDERCOUNCIL ACTION
Item No. 93-424
Date September 13, 1993
Item/Subject: Authorising Execution of Municipal Quitclaim Deed
-- Real Estate Located at 4 Union Street
Responsible Department: Legal
Commentary:
In February, 1992, the City recorded two corrected tax lien
certificates at the Penobscot Registry of Deeds to correct liens
previously recorded with respect to property located at 4 Union
Street owned by Felix G. Realty Trust. The original lien
certificates related to the City's 1991 real estate tax and
downtown development district assessments, and recited that the
amounts concerned had been assessed against David F. Giroux, as
owner of the property concerned. The corrected lien certificates
reflected that the property was owned by Felix G. Realty Trust.
Mr. Giroux is the trustee of Felix G. Realty Trust.
The 1991 tax and downtown assessment was paid in Novesber, 1992,
three days prior to foreclosure of the City's corrected lien _
certificates. Accordingly, the City Finance Director issued
con't on next pages
Department Head VU
Manager's Comments:
Associated Information: Order
Budget Approval:
FinanceDirector
Legal Approval:
Cityt Ai.
Introduced For CONSENT AGENDA
E Passage
First Reading
Referral Page I of 3
discharge certificates with respect to the City's original liens.
The discharge certificates were duly recorded at the Penobscot
Registry of Deeds. However, the corrected lien certificates were
not discharged. The corrected lien certificates are now beyond the
statutory foreclosure date under Title 361 HRSh Sec. 943.
The attached Order would authorize execution of a municipal
quitclaim deed releasing the City's interest arising under the
corrected lien certificates for FY 1991 taxes and development
district assessments. Because these taxes and assessments have
been paid, the Council's approval of this item is requested.
93-424
Amigned to Commlor Cohen, September 13, 1993
CITY OF BANGOR
Authorizing Execution of municipal Quitclaim Deed
(TITLE.) (Drurr
-- Real estate Located at 4 Union Street
By the city Coaaeit Of 9w CRY of Beazer:
ORDRRRD,
THAT John Quartararo, Finance Director, is hereby
authorized and directed, on behalf of the City of Bangor, to
execute a Municipal Quitclaim Deed, in a form approved by the
City Solicitor, releasing any interest the City may have in the
real estate located at 4 Union Street in said Bangor by virtue
of undischarged Corrected Municipal Tax Lien Certificates
recorded against the above-described property in Volume 5003,
Page 96 and Volume 5003, Page 97, Penobscot Registry of Deeds.
Said Dead shall be directed to Felix G. Realty Trust, as owner
of the property. Said Deed shall recite that it is intended to
release the City of Bangor's interest in the above property
arlsing out of real estate taxes and downtown development
district assessments for the fiscal year 1991 only, and not for
taxes and assessments for fiscal year 1992 and subsequent years
which currently remain unpaid.
93-424
ORDER
IN CITY COUNCIL Title,
September 13, 1993
Pe An[hoti=ing Psecu I n, of Munip}pal.Qultclaim
Deed - Real Estate Located at 4 Union Street
. CITY C EK .
Adgrml AS t ..W
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CUwcilman