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HomeMy WebLinkAbout1992-03-09 92-144 ORDERDate 03-09-92 on Item No. 92-144 Item/Subject Authorizing Execution of Municipal Quitclaim Deed -- Beal estate Located in Birch Hill Estates Responsible Department: Legal Commentary: The purpose of this Order is to release any interest the City may have in the real estate described in the Order and Deed by virtue of an undischarged municipal tax lien on recorded in the Penobscot Registry of Deeds for the year 1990. The 1990 tax lien was paid by Augusta Federal Savings Bank, which holds a first mortgage on the property. The City of Bangor has properly foreclosed the interest of the former property owner, David Gault, but has not yet foreclosed the Bank's right to redeem this property for taxes. There are still outstanding taxes due for the years 1991 and 1992. Depn,,,em Hl Manager's Comments: Ciory M..naBer Assoaatad Information: ORpa%S D� Budgel Approval: Finanee Divcro, Legal Approval: .ax'N5 ciryseme„r Introduced For COIUSOUT ®Passage OFirst Reading Page of `3 Referral 92-144 Me'PmOd 10 CoundiQr Sawyer March 9,1992 CITY OF BANGOR Author. zing Execution of Muni .pal Quitclaim Dead -- Heal Estate Located in Birch Hill Estates BE W cum ce"OUOfW CBY OfBsVw-- ORDERED, THAT Sohn Quartararo, Finance Director, is hereby authorized and directed, on behalf of the City of Bangor, to execute a Municipal Quitclaim Deed, a copy of which is on file in the office of the City Clerk, releasing any interest the City may have to real estate located at 9 L Street in Birch Hill Estates by virtue of an undischarged tax lien recorded in the Penobscot Registry of Deeds in volume 4648, Page 49. Said deed shall be directed to Augusta Federal Savings Bank. In City Council March 9,1992 Passed i Ci Cler4 92-144 ORDER Title, A nM rieivg Execution of Hu icipal gtlxylalm Reed Real Estate located in Birch Hill Estates ...................................... ....... I. . ...... nwei.�a 92-144 MUNICIPAL QUITCLAIM DEED The CITY OF BANGOR, a body corporate, located at Bangor, County of Penobscot, State of Maine, for consideration paid, releases to AUGUSTA FEDERAL SAVINGS BANK, of Augusta, County of Kennebec, State of Maine, all its right, title and interest in and to certain property located in said Bangor and more particularly described as follows: Real estate located at 9 L Street, Birch Hill Estate 1987 14x70 Soyer SMA -NC -1-4733. Being the same premises acquired by said City of Bangor (by John G. Field, Deputy Finance Director) from David Gault for unpaid taxes assessed for the year 1990 by virtue of a undischarged tax lien recorded in the Penobscot Registry of Deeds in Volume 4648, Page 49. The purpose of this dead is to release to said Augusta Federal Savings Bank any interest the City may have in the above-described property by virtue of unpaid taxes assessed for the tax year 1990. The said CITY OF BANGOR has caused this instrument to be sealed with its corporate seal, and signed in its Corporate name by JOHN QUARTARARG, Finance Director, thereunto duly authorized, this day of March, 1992. Signed, Sealed and Delivered In the Presence of CITY OF BANGOR By John Quartararo Finance Director STATE OF MAINE PENOBSCOT, as. March _, 1992 Then personally appeared the above-named JOHN QUARTARARO, Finance Director, and acknowledged the foregoing instrument to he his free act and deed in his said capacity, and the free act and deed of said body corporate. Before me, Notary Public/Attorney-at-Law Printed Name: