HomeMy WebLinkAbout2018-11-26 19-021 Order
11/26/201819-021
11/26/2018
19-021
Finance
Order
055-061
Title, Order
Authorizing Disposition of City Property located at 31 Merrimac Street
This order will authorize the City Manager to execute the documents necessary to transfer the
property to John Karnes. The City acquired the property located at 31 Merrimac Street through
matured tax liens (Council Order #17-340). Pursuant to one of our policies on property disposition,
staff sent out request for proposals. The only bid received was from John Karnes for $500.
The sole bidder, John Karnes, is a local developer and landlord and is looking to invest up to
$60,000 to rehabilitate the property. In addition, Mr. Karnes is asking to have until December 31,
2019 to obtain a Certificate of Occupancy. The deed will include a requirement that the property
remain on the tax rolls. Mr. Karnes wishes to rehabilitate to the property for use as a single family
rental. The final agreement will be in a form approved by the City Solicitors Office.
Finance Committee
11/19/2018
Recommend for passage
50
New Business
11/26/201819-021
CITY OF BANGOR ORDER
11/26/2018
19-021
Nealley
Authorizing Disposition of City Property located at 31 Merrimac Street
WHEREAS, the City owns the property located at 31 Merrimac Street; and
WHEREAS, the City wishes to dispose of this property; and
WHEREAS, the City requested bid proposals; and
WHEREAS, John Karnes, the sole bidder, wishes to purchase the property and has submitted an offer of $500
for the house and land:
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR, THAT
the City Manager is hereby authorized, to execute a development agreement with John Karnes for property
located at 31 Merrimac Street. Under the terms of the agreement Mr. Karnes agrees to pay the City $500 for
the property, invest $60,000 to rehabilitate the property, and complete the renovations by December 31,
2019. Mr. Karnes agrees that the property shall include a deed restriction that requires property tax
payments regardless of ownership. The final agreement will be in a form approved by the City Solicitors
Office.
IN CITY COUNCIL
NOVEMBER 26, 2018
CO 19-021
MOTION MADE AND SECONDED FOR PASSAGE
PASSED
CITY CLERK