HomeMy WebLinkAbout1969-03-10 105-W ORDERlos -w
Introduced by councilor Houston, march fo, 1969
CITY OF BANGOR
(TITLE.) MruTa._... City Treasurer to execute.. and deliver..xhe.attaehea _..
Purchase and Sale Agreement to Brown and White Paper Company.
ByW City Cdwwil o(tAe City ofBanpm:
ORDERED,
TMT the bid submitted by the Bran add W ite Paper Company for
the Larkin Street School, city owned 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 Bravo and White Paper Company.
063 4A -5 P,y y- 12
diY CI 67n $ OFFICE
IN CITY COONCil
azcn IN, 1969
PASSED
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105-w
ORDER
Title,
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Introduced and filed by
.Abrabam.J..Steru,.City.$OlicitOr
oumci .
Councilman n
'
AGRSSMpMI, made this day of , A.D. 1969, by
and becomes the = OF BANGOR, a municipal corporation located in Pesobemt
County, State of Maine, hereinafter called the "Beller", and BBONN AND "ITS
PAPS COMPABT, a corporation duly established and located in Sanger, County
of Perchance, State of Mean, hereinafter called the "Putcluser", a division
of C. M. SS PAPS CO.
N I T NS888 T H:
'NAT the sold Seller done hereby agree to sell and the said purchaser
does hereby age" to purchase the tarkia Stoat School, so-called, located in
said Bangor, and the lend on which it to situated, more particularly described
as follwe:
8aginaiPa at a paint on the southeasterly right-Sf-way
11w of Larkin Street at a point appronimately 227 feat
northwest free the northwesterly right-ofway line of
lnatn Street: thence in a southwesterly direction along
the south line of property conveyed to the city of Bangor
by four deeds, namely} from George Savage dated October
33, 1851 and recorded In Peculator Registry of needs in
Volume 218, Page 513, by dead free Lebarity M. Taplay,
dated July 14, 1906 and recorded U Pecubenor Roguery
of goads in Volume 765, Page 302, by deed free Rimer B.
Neves doted July 14, 1906 and recorded in Penobscot
Registry of needs in Volume 765, Page 303, and by deed
from Katie L. Lawrence doted August 13, 1906 and recorded
In Ponobecot Registry of needs in Volume 765, page 305,
ISS feet to a point being the southeasterly corner of
the Larkin Street School lot: Nance in a northwesterly
direction along the westerly line of said school lot for
a distance of 118.5 feet mop or lase to the northwesterly
corner of said school lot{ thence northeasterly along the
Orth line of said school lot for a distance of 50 feet
mop or Use to a point: thence southeast for a distance
of 18.5 feet more or less to a point: thence wrtheast
along said northerly line for a distance of 110 feet
aova or leas to the soutbssaterly right-of-way, lima of
Larkin Street! thence southeast along said right-of-way
line for a distance of 100 feet more or rasa to the point
of beginning.
IT IS H8R88K MUEB8l000 AID) AGR88g That the purchaser of said promisee
sboll pay to the Paid Seller of said presumes the sum of airman Thousand No
Hundred Dollars (915,200.00) payable in the wanner as follows! one Thousand live
Hundred and Twenty ➢ollara ($1,520.00), which has already been paid with the
bid for said premises, and the balance of Thirteen Thousand Six Hundred and
Eighty Sellars ($13,680.00) at the time of the signing of this agreement.
Said sum is to be held conditions lly by the City of ganger until an& time
as the Pureheaet rehabilitates or dearlfebes the building in accordance with
all building, housing and sanitary codes of the City of ganger and in compliance
Of the goring leve of the City of Mayor, all to be done within six (6) months
from the date of the signing of this agreement.
It is further hereby agreed that the Seller does hereby Bell to the
Purchaser all of the contents now located within said building consisting of
miscellaneous student desks, chairs, tables, benches, etc. Upon rehabilitation
or demolition of said property as aforesaid, the Said Seller does hereby agree
to execute and deliver a Quit -Claim Med to the property to the Purchaser. The
Purchaser shall be entitled to possession of said premises upon the Signing of
this agreement.
Until the Seller has conveyed the premises to the Purchaser, the
Purchaser shall keep all buildings on the promisee insured against lose by
fire or other casualty in an amount equal to fifteen Thousand We Hundred
0ollaxs($15,200.00) at least, for the benefit of the parties as their interests
may appear and shall pay premiums therefor in advance end deliver all policies
or renewals thereof to the Seller. In the event that the Purchaser shall fall
to comply with the terra hereof, the Seller shell be released from all obliga-
tions in law or equity to convey said property and shell be entitled to the
immediate possession thereof and the Purchaser shall forfeit all rights under
this agreement and All arrays theretofore paid hereunder, including that held
conditionally, shall be conaidered as rend and compensation for the use and
occupancy of the premieea and be retained by the Seller.
IN WITNESS TARBREOP, the CITY OF BANGOR has caused this instrument
to be signed in its corporate Anne and its corporate seal to be affixed by
JO@i G. PIEM, its Treasurer, thereunto duly authorized, and the BROWN AND
WHITE PAPRR COKPANY has caused this instrument to be signed in its corporate
cues and its corporate seal to be affixed hereunto by WILLIAM P. TILES, its
Treasurer, duly authorized the day and year first above written.
WITNESS CITY OF BANGOR
8y
Seller
RAS! OF NAIVE
PT ogscOE, SS. , A.D. 1969.
Theo personally appeared the abuse named JOHN G. Fl Edd), Treasurer,
and acLred logged the foregoing fusee usent to be his free act and dead in his
said capacity and the free act and deed of the CITY OF BANGDR.
Before an,
Justice of the Peace
Notary Public