HomeMy WebLinkAbout1970-07-13 242-X ORDERldz-x
Introduced by Councilor Nealley, July 13, 1970
CITY OF BANGOR
(TITLE.) Mrba,.._Citr Treasurerto execute and deliver attached purchase and
sales agreement to Penobcab, Inc.
By the MV Ca sol of the City ojBaugor:
THAT the City Treasurer be and is hereby authorized to execute
cute and
deliver attached purchase and sales agreement for the sale of the "old
school house lot" so called, located near the intersection of Nelson and
Drummond Streets, to landless. Inc.
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Title,
IN CITY COUNCIL ;� P�u'CFaee ena sales teemeve - eenobceb
July 13. 1970 .P3 ................
PASS®
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CITY C WC
' Introduced and filed by
Ar, .............
. CowciNun
PURCHASE AND SALES AGREEMENT
AGREEMENT made this day of July, 1970, by and between the
CITY OF BANGOR, a municipal corporation organized and existing under
the lava of the State of Maine, hereinafter called the "Seller", and
PENOBCAB, INC., a corporation organized and existing under the lave
of the State of Maine and having a principal place of business In said
Bangor, County of Penobscot and State of Mine, hereinafter called the
"Purchaser".
Y IT NESBE I
That the Seller hereby agrees to sell and the Purchaser hereby
agrees to purchase the following described real estate, to wit:
Parcel 1: A certain lot of land situated i said Bangor
and described as follows; v Beginning at the intersection
of the nartheastly Line of Bawer Street with the soutMestly
line Of a lot of land conveyed to Remembrance Boynton by the
President, Directors, and Company of the Bangor Bank and by
their deed dated May 11, 1825 and by said Remembrance to
Nathaniel Boynton by deed dated March 15, 1826 and by said
Nathaniel to Joseph N. Boynton and others by deed dated
October 12, 1847 and recorded in Penobscot Registry of hands
Volume 180, Page 260; thence n rthwesuly on the said street
e hundred feet to the northwestly line of said lot; thence
one
on the line of said int two hundred and forty-
three (243) feet to the corner
a
of said lac; thence entheistly
on the lin of said lot to the sontheastly corner
of said lot;
soathwestly o the live of said lot one hundred seventy-
six (176) t n the place of beginning, being all that part
of said rayed by Banks situated nartheastly of said
street. BP.Lngnthe same premises conveyed to the Seller by
Jewett N. Boynton by deed dated June 13, 1855 and recorded
in Penobscot Registry of Deena in Vol. 258, Page 110.
Parcel 2: A certain lot or parcel of land situated On
the southwest side of Nelson Street in said Bangor, bounded
And described ae `ollows: Beginning at a paint in the south
line of Drummond Street at the northeast comer of the school
house lot; thence running southeast on the northeast line of
the school house lotto the southeast comer thereof; then
n the easterly direction to He loon Street following a line
which is the southeast line of the school house lot extending
to Nelson Street; thence northwest following the westerly
line of Nelson Street to the point begun at. Being the same
premises conveyed to the Seller by George G. Nelson by deed
dated hacem6er 6. 1915 and reierdem in said Registry in Vol.
880, Page 187.
It is hereby agreed that the said purchaser shall pay the said
Seller of said premises the sum of One Thousand Pour Hundred and Thirty
Dollars ($1,430.00) in manner as follows: One hundred forty-three
dollars ($143.00) upon the signing of this Agreement, the receipt of
which is hereby acknowledged and the balance of One Thousand 11 Hundred
Sightrseven Dollars ($1,387.00) on or before sixty (60) days from the
date hereof.
Upon payment of the purchase price as aforesaid, the said Seller
shell deliver or cause to be delivered to said Purchaser a goad and
sufficient Quit -Claim Used duly executed by said Seller of said real
estate to the Purchaser, subject to the following condition: That
prior to the delivery of said dead the Purchaser shell furnish adequate
proof to the Seller that they have acquired the financing necessary to
construct a studio, head -end, and office building on the premises to be
conveyed hereunder in connection with the Purchaser's cable television
system serving the City of Sanger and further that the Purchaser shall
provide the Seller with a copy of the complete plane for the construction
of said building, which plans shall be in conformity with all the appli-
cable codes and ordinances now in force in the City of merger.
It is understood and agreed that the Purchaser shall have the rigbt
to enter upon said premises for the purposes of making survey& and test
borings.
Said Purchaser hereby agrees that in the making of payments at the
times and in the *wunte herein cited and In the performance of the
covenants by it to be performed, if= shall be the eassaca of this
Agreement and that in she case of failure to make said payments or to
perform said covenants as stated herein, said Sellar may, At bis option,
treat such failure as an abandonment of said Agreement by said Purchaser
sed may enter upon and repossess Itself of said premises and at its option
shall hews the right to at any time peemence any proper proceedings to
recover and retain possession of the said premises and said Seller shall
further be entitled to retain said dawn -payment as liquidated damages
thereof.
This Agreement ¢ball be binding upon the Seller and the Purchaser
and their respective successors and assigns.
IN WITNESS WHEREOF the parties hereunto set their hands and seals
the day and year first above written.
WITNESS: CITY Cal BPNf.OR
By
Its Treasurer
Seller
PENOBCAB, INC.
ey
Its he enr
Porches
STATE Q NAINK
Penobscot, as: July , 1970
Personally appeared the above peace John G. Field in his said
capacity and acknowledged the above instnment by him syned to Be his
free act and deed and the free act and deed of said City of B"or.
Before ae,
Justice of the Peace