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HomeMy WebLinkAbout1970-02-09 81-X ORDER81-X Introduced by Councilor BARRY Feb. 9, 1970 CITY OF BANGOR (TITLE.) Orber....... C ey xreagyre.p tv exeance.. and deliver_. the. attached .. Purchase... and sale Agreement to By the City Council of We City ofBoaynr. ORDERED, THAT the bid submitted by David L. Simonet for the Building and land at 16 Grace Court, city owed property, and its contents, be and is hereby approved and the City Treasurer be and is hereby authorized to execute and deliver a purchase and Sale Agreement in the form attached for the said premises to David L. Simeoni. Further, that when all required repairs are accomplished to the satisfaction of the Code Enforcement Officer, the City Treasurer be and 1s hereby authorized to execute and deliver a release deed for the said premises to said David L. Siaeoni without further delay. IN CITY COUNCIL Feb. 9, 1970 PASSED 81-X ORDER Title, Pu�cfiase s s�14.-09r9@^.�:DS ,S4.dddYXq.. Xo4&dddd�9R>,9YddYYRYYY .David. L..$3N94a4. InT gduced and d by PURCINSE AND SALE AGREEMENT AGREMENT made this day of , A.D. 1970 by and between the CITY OF BANGOR, a municipal corporation Located in Penobscot County, State of Maine, hereinafter called the "Seller' and DAVID L. SIMEONI, of Bangor, County of Penobscot, State of Maine, hereinafter called the "Purchaser". WITNESSETH: THAT the said Seller hereby agrees to sell and the said Purchaser hereby agreet o purchase the so-called building at 16 Grace Court in said Bangor and the land on which it is situated, all described as follows. A 2l1 story, six room, single family frame bougie with a r garage Situated a a parcel of land measuring about 511 a s)4' located on the southerly side of Grace Court in Bangor, Maine. Assessors' map No. 30, parcel No. 37 recorded In the Penobscot Registry of Users, Volume 1185, Page 149. IT IS HEREBY UNDERSTOOD AND AGREED That the said Purchaser of said premises shall pay to the Seller of said promisee the sum of Two Thousand and Thirty ($2,030.00) Dollars, payable in the manner as follows: We Hundred and Three ($203.00) Dollars which has already been paid with the bid for said property and the balance of One Thousand Hight Hundred and Twenty -Seven ($1,827). Dollars at the time of the signing of this Agreement, Said sum to be held in escrow by the Said City until such time as the Purchaser rehabilitates and renovates the property for uses consistent with the "Residence B" zone in which It is located ss that it will meet all building, housing and Sanitary codes of the City of Bangor no later than ten (lo) months from the date first written above. Upon such rehabilitation and renovation of the said Property, the said Seller does hereby agree to deliver to the said Purchaser a Release Deed to the Said property. The Purchaser shall be entitled to possession of said premises upon the signing of this Agreement. In the event the Purchaser shall fail to comply with the terse terecf, the Seiler shall be released from all obligations in lav or equity to convey said property and shall be entitled to the Immediate possession thereof and the Purchaser shell forfeit all rights under this Agreement and all moneys theretofore paid hereunder, including that held in esti , shall be comlde.:ed as rent and compensation for the use and occupancy of said premises and be retained by the Seller. Said Purchaser does further agree that upon his default he will leave said premises in an good acndition as the aame were before the Purchaser entered said premises. The Purchaser agrees until full payment of the purchase price to keep all buildings on said described premises insured to the full insurable value thereof against Loss by fire in some company acceptable to the said Seller and for the Seller's benefit as its interest may appear and to pay all premtums therefor and to deliver all policies and renewals thereof to the Seller. This Agreement shall be binding upon said Seller and said Purchaser and their respective successors, heirs and assigns. IN WITNESS WHISIE0F,the CITY OF BANGOR has caused this instrument to be signed in its corporate name and its corporate seal to be affixed hereunto by JOHN G. FIELD, its Treasurer, hereunto duly authorized and the said DAVID L. SIMEOM has hereunto set his hand and seal this day of A.D. 1910, witness Witness STATE OF MAINE PENOBSCOT, $e. CITY OF BANGOR MVID L. SMONI Then personally appeared the above named JOHN G. FIELD, Treasurer, and acknowledged the foregoing instrument to be his free act and deed in his said capacity and the free act and deed of the City of Ungar. Before me, Justice of the Peace