HomeMy WebLinkAbout2018-11-26 19-022 Order
11/26/201819-022
11/26/2018
19-022
Finance
Order
044-012A
Title, Order
Authorizing Disposition of City Property located at 675 N. French Street
This Order will authorize the City Manager to execute the documents necessary to transfer the
property to Matei Ilina. The City acquired the property located at 675 N. French Street through
matured tax liens (Council Order #17-341). Pursuant to one of our policies on property disposition,
staff sent out request for proposals. The City received six (6) responses ranging from $1,128 to
$11,000.
The high bidder, Matei Ilina, plans to rehabilitate the property for his son, who will attend the
University of Maine for the next three years and then rent the home. Matei Ilina has rehabbed other
properties within the City and estimates investing approximately $65,000. Mr. Ilina is asking to have
until late Fall 2019 to obtain a Certificate of Occupancy. Mr. Ilina agrees that the property deed will
require that the property remain taxable. 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
11/26/201819-022
CITY OF BANGOR ORDER
11/26/2018
19-022
Supica
Authorizing Disposition of City Property located at 675 N. French Street
WHEREAS, the City owns the property located at 675 N. French Street (Map and Lot 044-012A); and
WHEREAS, the City wishes to dispose of this property; and
WHEREAS, the City requested bid proposals; and
WHEREAS, Matei Ilina, the high bidder, wishes to purchase the property and has submitted an offer of
$11,000 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 Matei Ilina for the property
located at 675 N. French Street. Under the terms of the Agreement Mr. Ilina agrees to pay the City $11,000
for the property, invest approximately $65,000 to rehabilitation the property, and complete the renovations by
December 2019. Mr. Ilina 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 19-022
MOTION MADE AND SECONDED FOR PASSAGE
PASSED
) 6) J?31",c)""�t'4-')
CITY CLERK ,T