HomeMy WebLinkAbout2018-10-22 18-391 Order
10/22/201818-391
10/22/2018
18-391
Legal
Order
R14-006-D
Title, Order
Authorizing Execution of Documents Between the City of Bangor and Sable Ridge Homeowners Association for
the Sale of Property at 1434 Ohio Street
This Order will authorize the execution of an agreement and any other documents necessary to
convey the property to Sable Ridge Homeowners Association in the event that the real estate tax lien
on the property recorded by the City of Bangor matures in January 2019.
Beginning in 2005 Sable Ridge Real Estate Investments LLC developed property on Ohio Street for
condominiums. A portion of the property that was to include four condominiums was not developed
and has remained vacant. Sable Ridge Real Estate Investments LLC has not paid the property taxes
on the property since 2016 and the City has recorded real estate tax liens on the property. In
addition, Sable Ridge Real Estate Investment LLC has been dissolved as an LLC by the Office of the
Secretary of State.
The oldest of the liens recorded on the property by the City will mature in January 2019 and
the Sable Ridge Homeowners Association has requested to purchase the property for the
outstanding charges due the City if the lien matured in January 2019. The Homeowners Association
plans to add it to the common area for the condominium.
Finance Committee
10/15/2018
Recommend for passage
50
Consent
10/22/201818-391
CITY OF BANGOR ORDER
10/22/2018
18-391
Nealley
Authorizing Execution of Documents Between the City of Bangor and Sable Ridge Homeowners Association for
the Sale of Property at 1434 Ohio Street
WHEREAS, Sable Ridge Real Estate Investments LLC developed property on Ohio Street for condominiums;
and
WHEREAS, a portion of the property that was to include four condominiums was not developed and has
remained vacant; and
WHEREAS, Sable Ridge Real Estate Investments LLC has not paid the property taxes on the property since
2016 and the City has recorded real estate tax liens on the property; and
WHEREAS, Sable Ridge Real Estate Investment LLC has been dissolved as an LLC; and
WHEREAS, the oldest of the liens recorded on the property by the City will mature in January 2019; and
WHEREAS, the Sable Ridge Homeowners Association has requested to purchase the property for the
outstanding charges due the City if the lien matured in January 2019 and plan to add it to the common area
for the condominium.
Be it Ordered by the City Council of the City of Bangor that,
Catherine M. Conlow, City Manager, is hereby authorized to execute an agreement and any other documents
necessary to convey the property taxed to Sable Ridge Real Estate Investments LLC located at 1434 Ohio
Street, Units 33, 34, 35, and 36 (Bangor Tax Mao R14-006-D) to Sable Ridge Homeowners Association in the
event that the real estate tax lien on the property recorded by the City of Bangor matures in January 2019.
IN CITY COUNCIL
OCTOBER 22, 2018
CO 18-391
PASSED
ie _1CITY CLERK