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HomeMy WebLinkAbout1969-01-13 57-W ORDER5Y -w Introduced by Councilor aou,7on, San. 13, 1969 p CITY OF BANGOR (TITLE) M...execure...anddnliver_a. purchase and Sale Agreemeatto.James W Willi Post No. 12 The American Legion. By the Cfq Comm! of the City OfBmyfar. ORDERRD, MT the bid submitted by Tames W. Williams Post No. 12, .. The American Legion for Valentine School, City canal property, located on Union Street, be and is hereby approved and that 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 the said James W. Williams Post No. 12, The American Legion accordingly. D _nd "FC 13 3.rtl FILE Ii lil IN CITY COUNCIL SM. li. 1969 Amended by deleting from the sth line from the Wttom of page 1 the follwing: "inansubstitute therefor the word e5 and substitute and on the 2nd page, Aid paragraph. Nth line, delete "in accrues and substitute "conditionally". As amended PASSED. CC CLINK IN CI COUNCIL Jan. 27, 1969 Reconsidered and indefinitely postponed. Ci ( ERIt O ROER Title, ci;y zreaeurer cg. execute ens del;ver, a Purchase and Sale Agreement to James W. Williams Post No. 12, The American Le6io.............................. Introduced and filed by Ennnar>man AGHICHNNSf mde this dry of , A.D. 1968, by and between the CIST W BA8086, a municluel corporation located is Penobscot County, State of Mine, hereinafter called the "Seller", and JAMES W. MIJAMs POST No. 12, TSB AHBRICAN 163100, a corporation duly established and located in Bangor, County of Penobscot, State of Naim, hereinafter called the "Fnochsaero. yrJMSSM: TNS the said Seller hereby agrees to sell and the said Purchaser hereby agrees to purclease the Valentine School, so-called, located in said Bangor, and the land on which it in situated, all described as follows: Beginning at a point formed by the -easterly right- of•wsy Jim of Union Street and the northerly right -Of - we, Jim of First Street: thence went along said northerly Jim of neat street for a distance of 164 feet wore or lees to a Point, said point helps the easterly line of lot No. 2 as shown on a plan drawn by Zabulon Bradley, corded in Penobscot Registry of Tessa. Plan Book 2, Page 22; thence north along said easterly line of Lot No. 2 for a distance of 180 feet more or leen to the southerly line of Lot No. 23 as shown on said plan; thence east along said southerly line Of Lot No. 23 for a distance of 64 feet note or less to a point' thanca south on a Jim parallel to the westerly line of Oaten Street for a distance of 38 feet more or lees to a point; thence seat for a distance of 99.2 feet more r Lees to the westerly lice of Union Street: thence south along said westerly Jim of Union Street for a distance of 63 feet were or lees to the Point of beginning. Being all and the e m promisee as described In a deed from School S District orded o a City cOf Nagger , dated July IS, rict and recrded ot Registry of Deeds, VolumPage Volumes 103, 545. IT IS NBRBBy UNDBRSf00D AND AGBBHD That the said Purchaser of said promises aMiL pay to the Seller of said premises the sum of Five Thousand Dollars (OS,DW. W), payable in the canoes as fetlmas: Five Hundred Dollars ($W.00) Mich Me bee already paid with the bid for said property, and the Mlaaca of Four Thousand Five Hundred Dollars ($4,500.00) at the tim of the conditionally signing of this agreement, said am to he held is moon by the City of Bangor mt11 such tine as the Purchaser rehabilitates and renovates the property, within realm (12) months few date, for the uses of the aforesaid property, as a have for the activities of the James N. William Post No. 12, The American Legion, and other civic am cheritable organizations. Said Purchaser agrees that it will meet all building, housing and sanitary codes of the City of Owner and comply with the Zoning lava of said City. Upon such rehabilitation and renovation of said property, the Said Seller does hereby agree to deliver a Quit -Claim Med of said premises to the Purchaser or to the American legion Holding Company, Inc., or to such other romime as the Purchaser may by proper vote so designers. The Purchaser shall be entitled to possession of said promisee on the signing of this Agreement. In the event the Purchaser she 11 fail to comply with the terms hereof, the Seller shall be released from all obligations in law or equity to money mid property and shall be entitled to the immediate possession thereof and the Purchaser shall forfeit all rights under this Agreement and all moneys theretofore paid hereunder, including that held S se"w, shall be considered as mot and compensation for the use and occupancy of said premises and be retained by said Seller. Said Purchaser does further agree that upon its default it will leave Said promisee in as good condition as the Same were before the Purchaser entered said preadam. no Purchaser agrees until full payment of the purchase price to Swap 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 premiums therefor and to deliver all Policies and renewals thereof to the Seller. 1T1s Agreement shall be binding upon said Seller and said Purchaser a" their respective successors and assigns. IH WITNESS SUgRPoR, the QTY OF BANGOR has caused this instrument to be signed in its corporate name and its corporate seal to be affixed hereunto by J® G. FSHD, its Treasurer, thereunto duly authorized, and JAIffiS W. WILLIMPS PWES W. 12, THE AMERICAN LEGIOK has roused this instrument to be signed to its carporate mons and its corporate seal to be hereunto affixed by GEORGE E. POOLER. its Commander, thereunto duly authorised, the day and year first above written. YE638 CITY OF BANGOE City By Treasurer Seller JAIS:S W. WILLIMS POST NO. 12, TSE ANKRIGN LEGION Ey Conmandm Purchaser