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HomeMy WebLinkAbout1972-08-28 276-Z ORDERIntroduced by Caunclbe arouneaa, Aug. 28, 1972 _p 1 CITY OF BANGOR (TITLE.) (J)rbfrf.... Approving Proposed Contract for Sale of Land. in, the Stillwater Perk Urban Renewal Project Parcel No . A cortion of Lot 047 By the City Couunl of Bu qty of Beeper. ORDERED, THAT WHEREAS, the Urban Renewal Authority of the City of Bangor proposes to enter into a contract for the sale of parcel numbered Portion of Lot 447 in the Stillwater Park Urban Renewal Project withGveoorV P. & Judith C. Scott and WHEREAS, the said Gregory P & Judith C. Scott has offered to pay the sum of Three Hundred FiftV Dollars ($350.00) for said parcel said price being the minimum approved price for said parcel as established by the Urban Renewal Authority and approved by the Department of Housing and Urban Development; and WHEREAS under the provisions of Chapter 168 of the private AM Special Lam of Maine, 1957s as Amnded, City Council approval of all contracts for the sale of Land within the project area is required; and WHEREAS, the Urban Renewal Authority has filed s copy of the proposed contract withCregorV P & Judith C.Scin the office of the City Clack; oy NON, THEREFORE, RE IT ORDERED: THAT the proposed contrtct on file with the City Clark be AM is hereby approved. Ang. 28, 1972 PASSED RECEIVED 1872 AUC24 AP11:28 CITY CLERK'S OFFICE -naes zuY a, eni,r7. aal.eE ORDER 276-Z YYY Sale of land in Stillwater Park ................................ Potion of lot #47 .................................. Revised April 16, 1968 CONTRACT FOR SALE OF LAND (OFFER AND ACCEPTANCE) STILLWATER PAM PROJECT PROSECT NO. ME. R-4 Date 9/7/72 . TO: Urban Renewal Authority of the City of Bangor ("Seller") City Hall Bangor, Maine OFFER: I. QRBGORy F. i TJD,TIf C SCOTT herein called "Buyer", offers to buy, subject to the terms set forth herein, the following described laxgde Exhibit "A" attached hereto Lot numbered a portion of Lot 47/as shown on Plan of Land entitled "Stillwater Park Prosect, Bangor, Penobscot County, Maine, urban Renewal Authority of the City of Bangor,Project Me. R-4" consisting of nine (9) pages and recorded in Penobscot Registry of Deeds in Plan Book 24, pages 1 to 9, inclusive. 0 2. Buyer will pay 741V f✓• -w:./ �'o-P��d ($ i SO' 66 ) for said land in cash within one unfired artl twenty (120) days after the acceptance of this offer by Seller. The Authority may grant additional time upon written request from the Buyer. 3. Conveyance of said land shall be made by warranty Deed, subject to all easements of record, the Declaration of Restric- tions for Stillwater Park Project, Bangor, Maine, R-4, which was' recorded in Volume 2113, page 385 of Penobscot Registry of Deeds, and to those conditions set forth hereinafter to which Buyer expressly agrees. (a) (i) The Buyer herein covenants by and for himself, his heirs, executors, administrators and assigns and all persons claiming under or through them, that Buyer and such heirs, exe- cutors, administrators and assigns and all persons Claiming under or through them shall: -2- (1) Devote the Property to and only to and in accordance with the uses specified in the Declaration of Re- etrictione and as it may be hereafter amended from time to time; (2) Not discriminate upon the basis of race, color creed or national origin in the sale, lease or rental or in the use or occupancy of the Property or any Improvements erected or to be erected thereon, or any part thereof. (fi) It is intended and agreed that the agreements and covenants provided in this section shall be covenants running with the land and that they shall, in any event, and without re- gard to technical classification or designation, legal or other- wise, and except only as specifically provided in this Agreement, be, to the fullest extent permitted by law and equity, binding for the benefit and in favor of, and enforceable by, Seller, its successors and assigns, the City of Bangor, any successor in interest to the Buyer of the Property, and the owner of any other land (or of any interest in such land) in the Project Area which is subject to the land use requirements and restrictions of the Declaration of Restrictions, and the United States (in the case Of the covenant provided in subdivision (2) of subsection (i) hereof) against the Buyer, his successors and assigns, to or of the Property or any interest therein, and any party in possession or occupancy of the Property. It is further intended and agreed that the agreement and covenant provided in clause (i) (1) shall remain in effect until January 22, 2022, and during the term of any extension thereof, (at which time such agreement and covenant shall terminate), and those provided in clause (i) (2) shall re- main in effect without limitations as to time: Provided, that such agreements and covenants shall be binding on Buyer himself, each successor in interest or assign, and each party in pOSSeSsion or occupancy, respectively, only for such period as he shall have title to or an interest in or possession or occupancy of the Property. (iii) In amplification, and not in restriction, of the Provisions of the preceding subsection, it is intended and agreed that Seller and City of Bangor shall be deemed a beneficiary of -3- the agreements and covenants provided in subsection (i) of this section both for and in its own right and also for the purposes of protecting the interests of the community and the other parties, public or private, in whose favor or for whose benefit such agreements and covenants have been provided. Such agreements and covenants shall run in favor of Seller and City of Bangor for the entire period during which agreements and covenants shall be in force and effect, without regard to whether Seller and city of Bangor has at any time been, remains, or is an owner of any land or interest therein to, or in favor of which such agreements and covenants relate. Seller and/or City of Bangor shall have the right, in the event of any breach of any such agreement or covenant, to exercise all the rights and remedies and to maintain any actions at law or suits in equity or other proper proceedings to enforce the curing of such breach of agreement or covenant, to which it or any other beneficiaries of such agreement or covenant may be entitled. (b) To construct one (and not more than one) standard dwelling house (single family) upon the'land which will meet the minimum requirements as set by City of Bangor ordinances and the Declaration Of Restrictions. Construction must start within six (6) months Of the date the Deed is recorded in the Buyer's name, and completion must to accompliahed within twelve (12) months of date Of commencing construction. Plans for said dwelling house will be subject to review by Seller prior to con- veyance of the land. Within ninety (90) days of the date of the acceptance of the offer by the Seller, Buyer agrees to submit construction plana for approval by seller, and evidence satisfac- tory to the Seller of Buyer's ability to finance the construction of the proposed Improvements. (c) (i) In the event that prior to completion of the Improvements as certified by Seller: (1) Buyer (or successor in interest) shall de- in or violate his obligations with respect to the construction of the Improvements (including the nature and the dates for the beginning and completion thereof), or shall abandon or substan- -4- tially suspend construction work, and any such default or viola- tion, abandonment or suspension shall not be cured, ended or remedied within three (3) months (six (6) nonths if the default is wish respect to the date for completion of the improvements) after written demand by the Seller so to do, or (2) There is, in violation of this Agreement, any transfer of the Property or any change in ownership of the Property, and such violation shall not be cured within thirty (301 days after written demand by the Seller to Buyer; then Seller shall have the right to re-enter and take Possession of the Property and to terminate (and revert to the Seller) the estate conveyed by the Warranty Deed to the Buyer, it being the intent that the conveyance of the Property to the Buyer shall be made upon a condition subsequent to the effect that in the event of any default, failure, violation or other action or inaction by the Buyer specified in clauses (1) and (2) of this subsection (i) failure on the part of the Buyer to remedy, and or abrogate such default, failure, violation or other action or inaction within the period and in the manner stated in said clauses. Seller at its option may declare a termination in favor of the Seller of the title, and of all the rights and interest in the Property con- veyed by the Warranty Deed to the Buyer and that such title and all rights and interest of the Buyer and any assigns or successors in interest in the Property shall revert to the Seller: Provided. that such condition subsequent and any revesting of title as a result thereof in Seller shall always be subject to and limited by, and shall not defeat, render invalid or limit in any way (1) the lien of any mortgage authorized by this Agreement and exe- cuted for the sole purpose of obtaining funds to construct the Improvements, and (2) any rights or interest provided in this Agreement for the protection of the holders of such mortgages. (if) Seller shall have the right to institute such actions or proceedings as it may deem desirable for effectuating the purposes of this section (c), including also the right to execute and record or file with the Penobscot Registry of Deeds, a written declaration of the termination of all rights and title -5 - of Buyer and his successors in interest and assigns in the Property and the revesting of title thereto in the Beller; Provided, that any delay by the Seller in instituting or prosecuting any such actions or proceedings or otherwise asserting its rights under this section shall not operate as a waiver of such rights or to deprive it of or limit such rights in any way (it being the in- tent of this provision that Seller should not be constrained so as to avoid the risk of being deprived of or limited in the exercise of the remedy provided in this section (c) because of concepts of waiver, laches or otherwise) to exercise such remedy at a time when it may still hope otherwise to resolve the problems created by the default involved, nor shall any waiver in fact made by Seller with respect to any specific default by Buyer under this section (c) be considered or treated as a waiver of the rights of Seller with respect to any other defaults by Buyer under this section or with respect to the particular default except to the extent specifically waived. (d) The Buyer represents and agrees that his purchase of the Property and his other undertakings pursuant to this Agfeement are and will be used for the purpose of redevelopment of the Property and not for speculation in land holding. The Buyer further recognizes that the qualifications and identity of the Buyer are of particular concern to the community and the Seller. The Buyer further recognizes that it is because of such qualifications and identity that the Seller is entering into this Agreement with the Buyer, and in so doing is further willing to accept and rely on the obligation of the Buyer for the faithful performance of all undertakings and covenants hereby by him to be performed without requiring in addition any surety bond or simi- lar undertaking. For the foregoing reasons, the Buyer represents and agrees for himself and any successor is interest that except only by way of security for and only for the purpose of obetining financing necessary to enable the Buyer or successor in interest to perform his obligations with respect to making the Improvements under this Agreement, the Buyer (except as so authorized) has not made or created and that he will not, prior to the proper comple- -6 - tion of the Improvements as certified by the Seller, make or create or suffer to be made or created any total or partial sale, assignment, cohveyaniz or lease or any trust or power Or transfer in any other mode or form of or with respect to this Agreement or the Property or any interest therein or any contract or agreement to do any of the same without prior written approval of the Seller. The Seller shall be entitled to require as conditions to any such approval that: (i) Any proposed transferee shall have the qualifica- tions and financial responsibility, as determined by the Seller, necessary and adecuate to fulfill the obligations undertaken in this Agreement by the Buyer; (11) There has been submitted to the Seller for review, and the Seller has approved, all instruments and other legal documents involved in effecting transfer; (iii) The consideration payable for the transfer by the transferee or on his behalf shall not exceed an amount representing the actual cost (including carrying charges) to the Buyer of the Property and the improvements, if any, theretofore made thereon by him; it being the intent of this provision to preclude assignment of this Agreement or transfer of the Property for profit prior to the completion of the Improvements and to provide that in the event such assignment or transfer is made (and not cancelled), the Seller shall be entitled to increase the Purchase price to the Buyer of the Property provided in Section 2 of this Agreement by the amount that the consideration payable for the assignment or transfer is in excess of the amount autho- rised in this paragraph, and such consideration shall, to the extent it is in excess of the amount so authorized, belong and be paid to the Seller. (iv) She Buyer and his transferee shall comply with such other conditions as the feller may find desirable in order to achieve and safeguard the purposes of Chapter 168 of the Private and Special Laws Of Maine, 1957, as amended, and the Declaration of Restrictions as it may be amended, and the Federal Housing Act of 1949, as amended: -B - creating any mortgage or other encumbrance or lien upon the Property, whether by express agreement or operation of law, or suffer any encumbrance or lien to be made on or attach to the Property, except, and only to the extent necessary, for the purpose of obtaining fonds for making the Improvements. It is further agreed that the Buyer (or successor in interest) shall notify the Seller in advance of any mortgage financing he pro- poses to enter into with respect to the Property and in any event that he shall promptly notify the Seller of any encumbrance or lien that has been created on or attached to the _Property, whether by voluntary act of the Buyer or otherwise. (h) Notwithstanding any of the provisions of this Agree- ment, including but not limited to those representing covenants running with the land,. the holder of any obligation authorized by this Agreement (including any such holder who obtains title to the property as a result of foreclosure proceedings or action in lieu thereof, but not including (1) any other party who thereafter obtains title to the property from or through such holder or (2) any other purchaser at foreclosure sale other than the holder of the obligation itself) shall in no wise be obligated by the pro- visions of this Agreement to construct or complete the Improve- ments or to guarantee such construction or completion; nor shall any covenant or any other provision in the Deed be construed to so obligate such holder: Provided, that nothing in this section or any other Section or provision of this Agreement shall be deemed or construed to permit or authorise any such holder to de- vote the property or any part thereof to any uses, or to construct any improvements thereon, other than those uses or improvements Provided or authorized in the Declaration of Restrictions, ordi- nances of the city of Bangor, and this Agreement. 4. No member, official or employee of the Seller shall have any personal interest direct or indirect, In this Agreement, nor shall any such member, official or employee participate in any decision relating to this Agreement which affects his personal interests or the interests of any corporation, partnership or association in which he is, directly or indirectly, interested. -9 - No member, official or employee of the Seller shall be Seasonally liable to the Buyer or any successor in interest in the event of any default or breach by the Seller or for any amount which may become due to the Buyer or successor or on any obligations under the terms of this Agreement. 5. Taxes and special assessments, if any, due on or be- fore the closing date shall be paid by the Seller. 6. Buyer herewith tender0 Dollars ($,20. BO ) h ch vQy least five percent (5%) of the offered purchase price as earnest money to become a part of the payment of the purchase price of the land upon acceptance of this offer by the Seller. This s shall be held by Seller and if this offer is not accepted, it it shall be returned to the Buyer, without interest. It shall be retained by the Seller for reimbursement as liquidated damages to partially offset expenses incurred by the Beller for legal advertising, title search, internal Authority administration actions or otherwise if the Buyer fails to complete the purchase Of said land within the time specified in Paragraph 2,herein. 7. This offer is binding on the Buyer if accepted by the Seller within sixty (60) days and cannot be withdrawn during this time. If not accepted by the Seller within sixty (60) days. it is autemotically cancelled and expires, in which case the earnest money shall he promptly refunded to Buyer, without in- terest. S. Closing of purchase shall take place not more than one hundred twenty (120) days, or as otherwise specified in Para- graph 2 hereof, from date of acceptance of this offer by Seller; and notification to Buyer thereof by returning to Buyer one (1) accepted copy of this offer to the address indicated below. Me land shall be conveyed to the Buyer by a Warranty Deed on date of closing. 9. The Seller may or the Buyer shall promptly file the Deed for recordation in the Penobscot Registry of Deeds at Bangor, Maine. The Buyer shall pay all costa (including the cost of any real estate transfer tax on the Deed, for which stamps in -10- the proper amount shall be affixed to the Deed by the Buyer) for so recording the Deed. 10. Promptly after completion of the Improvements in accordance with this Agreement, the Seller will furnish the Buyer with an appropriate instrument so certifying. The certification by the Seller shall be (and it shall be so provided in the Deed and in the certification itself) a conclusive determination of satisfaction and termination of the covenants in the Agreement and the Deed with respect to the obligations of the Buyer and his heirs and assigns to construct the Improvements and the dates for the beginning and completion thereof. The certification shall be in such form as will enable it to be recorded. If the >eller shall refuse or fail to provide the certification, the Seiler shall, within ( 30 ) days after written request by the BuyeroVe the Buyer with a written statement indicating in adequate detail how she Buyer has failed to complete the Im- provements in conformity with the Urban Renewal Plan or this Agreement, or is otherwise in default, and what measurea or acts it will be necessary, in the opinion of the Seller, for the Buyer to take or perform in order to obtain the certification. 11. The word "Buyer" in this agreement shall be construed to mean both the plural and singular number, in any gender, and to mean not only the party thereby designated, but also his, her or their respective heirs, assigns, executors, administrators, or -11 - successors in interest, or, in the event that any such party is a corporation, its or their suc=essors or assigns. Witness e x Q s -z sayer 3Y E Addres 9Y2 - Y3 o 6 Telephone Council Order No. In City Council A True Copy, Attest: City Clerk -12- ACCEPTANCE: The above offer is accepted Mit _ day of 19_, and accordingly constitutes a binding contract for sale of land between Buyer and Seller. (SEAL) URBAN RENEWAL AUTRORITY OF THE CITY OF BANGOR Witness By C airman EXEC Ytiv2 Director APPROVED AS TO LEGAL FOAM AND ADEpUACY: EXHIBIT "A" A certain lot or parcel of land situated in the City of Bangor, County of Penobscot, State of Maine, bounded and described as follows, viz: Beginning at the southwesterly corner of Lot #46 as shown on Plan of Land entitled 'StilN ater Park Project, Bangor Penobscot County, Maine, Urban Renewal Authority of the City Of Bangor, Project Me. R-4" consisting of nine (9) pages and recorded in Penobscot Registry of Deeds in Plan Book 24, Page 9; thence easterly along the southerly line of aforesaid Lot #46 N 750 07' 33" E ninety (90) feet to the southeasterly corner of said Lot #46, being on the westerly line of Lot #41 as shown on said Plan of Stillwater Park; thence southerly along the westerly lire of said Lot #41 S 256 03' 07" E thirty-six and nine hundredths (36.09) feet to an iron rod at the southwesterly corner of said Lot #41; thence along the westerly line of Lot 440 of aforesaid Plan of Stillwater Park S 151 11' 14" E thirteen and six tenths (13.6) feet to an iron rod; thence'S 78049' 07" W ninety-nine and forty -Five hundredths (99.45) feet to an iron rod on the easterly side of aforesaid Fern Street; thence northerly along said Fern Street line N 101 33' 17" W thirty-one and twenty-eight hundredths (31.28) feet to a point; thence continuing along Fern Street line along a curve to the left having a radius of e hundred fifty-three (153) feet, a distance of eleven and fifty-four hundredths (11.54) feet to the point of beginning containing four thousand, three hundred eighty-four (4,384) square feet more or less, being the northerly portion of said Lot #47 as shown on said Plan of Stillwater Park.