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HomeMy WebLinkAbout1991-07-22 91-299 ORDERDate 7-22-91v Item No.-91-299
Item/Subject Authorizing City Manager to Acquire Interest of Robert
J. Preble in Property at BanAir Industrial Park (Tax .Map R18,Lot 23
Responsible Department: Legal
Commentary:
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Associated Information: order, Lette[ date. ] 9 m 8u M. Stump e ,
Asst. City Solicitor to Patrick C. Larson, Esq.
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91-299
Ae®pmd to Coundlor Bragg, July 22, 1991
CITY OF BANGOR
(TITLE.) MrUrf A thorizing. City Manager, to Acquire Interest of_._
Robert J. Preble in Property at Bankir Industrial Park -- formerly
Portion of Bangor Tax Map RLE, Lot 22A
By da fM2s Caum,1 of 04 Qks ofBmwor:
ORDERED,
TAT the City Manager is hereby, authorized, upon payment of
all currently -due property taxes, to acquire the interest of Robert
J. Preble in portions of Lots Mos. 1 and 2 at Bankir Industrial
Park for a price not to exceed $11,000.00, in accordance with the
letter from the Resistant City Solicitor dated July 9, 1991,
attached.
91-299
ORDER
Title,
City Council July 22,1991 ,.R9CD4LiZiD&.C1CY .Uuggi .to Uquize.
,led Interest of Robert J Preble in Property
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PortioBengor R1 22A
paw y Clerk - ti®�"'
......... ..ilea
EOWCiIman
IN CITY CMCIL SEPTIPMR 11,1991
INDE /MITELY POST/MED
C,L.a./v/ C/•L.
CIrlC�
91-299
Item/subject: Authorizing City Manager to Acquire Interest of Robert
J. Preble in Property at BAnAir Industrial Park
Responsible Department: Legal
This Order would authorize acquisition of Robert J. Preble •a
one-third interest In a 34,151 square foot parcel constituting
portions of Lots Nos. 1 and 2 at BaMir Industrial Park. The
parcel includes all of the Hammond Street road frontage of Lot No.
1, plus 120 feet of Lot No. 21a Hammond Street frontage..
The City acquired this parcel for Unpaid taxes in 1972. However,
Mr. Preble, who was the record owner of a one-third interest in the
parcel at that time, was not served with the Notice of Tax Lien
Foreclosure required by statute to extinguish his interest. we
have recently
ently given that notice and Mr.. Preble has paid the back
taxes. Taxes for 1991 and 1992 arecurrently owed.
Under the proposed arrangement, Mr. Preble would receive $5,000.00
at closing and an additional $6,000.00, without interest, from the
proceeds of any future sale of Lot No. 1 by the City. .By previous
agreement with DougandLinda Cardene, owners of Lot No. 2, the
Cardenas, would advance $4,200.00 of the amount paid to Mr. Preble
at closing. The Cardentes would be reimbursed this amount, without
interest, on sale of Lot No. 1.
Lots in Bankir Industrial park are currently assessed by the City's
Assessors at $1.20 per square foot. For 1991, the City Assessors
have assessed Mr. Preble's one-third interest in this particular
parcel at $15,300.00, based on a parcel area approximated at .88
Item No.
Page_ of_
CITY of _ �JL
MAINE 73 HARLOW STREET
BANGOR, NAME 04401
LEGAL DEPARTMENT PAX aORas+ue
Erik M. SumPt i. Assistant Chy So UUR
July 9, 1991
Patrick C. Larson, Esq.
Hale fi Hamlin
10 State Street
P. O. Box 729
Ellsworth, Maine 04605
Re: Robert J 'Preble - Hammond Street Property
Dear Patrick:
I discussed this matter last night with the City Council's
Community and Economic Development Committee.
The Committee members indicated they would favor City
acquisition of Mr. Preble'sone-third interest in the Hammond Street
property for a total price of $11,000.00, which would not include
forgiveness of past -due City of Bangor property taxes. We would be
prepared to pay Mr. Preble $5,000.00 of this amount at closing, with
the $6,000.00 balance to be paid, without interest, at such time as
Lot No. 1 in BanAir Industrial Park is sold by the City.
If you will send m written offer to sell Mr. Preble's
interest on the above terms, and provided past -due property taxes and
interest in the amount of $1,650.41 have been paid by July 12th, I
will place the matter on the Council's agenda for approval at its
next regular meeting on Monday, July 22nd.
Please call me if you have any questions.
Sincerely,
V.__`
Erik M. Stumpfel
Asst. City Solicitor
EMS/tc
pc: Eric P. Stauffer, Esq.