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HomeMy WebLinkAbout1989-06-12 89-272 ORDERIntr ced For 22ssam El First Reading Pape—of ❑Referral V Date 6.12'89 Itemby.�Z r,<l,y Item/Subject: Authorizing Execution of Agreement to Purchase of Property on Downing Road -- Property of Daniel S Harvey Sprague Responsible Department: Legal Commentary: The staff has reached terms in accordance with previous Council guidelines to acquire the Spragueproperty, so-called, consisting of 5 lots in their proposed subdivision on Downing Sued. The total purchase price is $125,000. The .purpose of this Order is to ratify the City Manager's prior action to execute a Purchase S Sale Agreement for the acquisition of this property, and to authorize completion of the remaining details of the transfer. It is expected that all ora portion of the City's coats for purchase of this property will ultimately be reimbursed under regulations administered by the FAA. � Defurt.. eltHead Manager's Comments: City Au"'c r F.00ciaLed Information: _ Budget Approval: l'inv re Di, Legal Approval: - . - Miry salicamp Intr ced For 22ssam El First Reading Pape—of ❑Referral Asdp,ed to Counegor TTT.*mt' 89-272 rd CITY OF BANGOR (TITLE.) Vprberp Autho mg Execution of Agreement to Purchase of Property on Downing Road - Property of Daniel 6 Harvey Sprague ................ ............. ............... ...- ....I ..... By au CHv CoumH Of ae My NBanw.: ORDERED, THAT the City Manager's action to execute a Purchase 6 Sale Agreement for a certain parcel of land described therein, located on the Downing Road, consisting of 10t acres, is hereby ratified and confirmed; and be it further ORDERED, THAT the City Solicitor is hereby authorized and directed to take all necessary action for purposes of completing the acquisition of said property. 89-272 ORDER Title, Autl rizinq ExG,vticn o£ Agseeomt to Putcbsae ......................................'. o Pzcpezty on Doming Road Property a ...................................... Daniel 6 Harvey Sp gue In city C it ,iunel2c.1989 PASSED UNDER 3JSP IUI O TRE Aoigned to RULES ...................................... -. Councilman Ci Clerks