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HomeMy WebLinkAbout1964-11-23 21-S ORDER21-S Introduced bi Councilor Renlett, Nov. 23, 1964 CITY OF BANGOR (TITLE.) (�xLxx,........ Authorizing_Cption -Arthur Chapin Company ay the Gty cwuii o/EAa Oft OfBamid.. ORDERED, THAT the City Manager be and is hereby authorized to execute an option to Arthur Chapin Company for the purchase of a parcel of land approximately three and one-half ( 3 1/2) acres on Hildreth Street. Said option, a copy of which is attached hereto, shall be granted in consideration of the payment of the sum of one hundred dollars ($100). 21S p- CEIVED 1964 NOV 19 AM 10142 O R D E R OITY CLERKS OFFICE Title. �.,C^,PMiVN4 IN CITY COUNCIL Nov. 234 1964 PASSED Auth. Option, _ Arthw Chapin Co.... ..................................... Intoduo_duced endfiled by ... -K` / Cawcilmzn AHTICIBS OF AOlte1118.VT, Cade this 24Th day of November, 1964, by and between the CITY Or ]MCO&, a municipal connotation leaned in the County of Penobscot, State of Maine, (hereinafter referred to as the Seiler), aha ARTHUR GRAFIN COHlANY, a corporation orgevired and exist- ing under lav with a priocial place of business located in said Bangor, (hereinafter referred to as the Buyer). In consideration of One Hundred dollars ($100.00), the receipt of which is hereby acknowledged, the Seller hereby grants the Buyer the option far a period of one (1) year from the date of these promote to buy the following described let or pa cel of land situate in mid Bangor; Beginning at a point in the southerly line of Bennett Staaet, e0 -called, at the north- wat no== of land of B 6 S Corporation; Cheoce westerly, along mid southerly line of Bennett Street, four hundred (400) feet, were or leas, to the easterly line of the mmusfon of Hildreth Street; thence muth- etly, alma the live of mid recession of Hildreth Street, three hundred fifty (350) feet to a point; thence westerly, parallel with said southerly line of Bennett Street, four hundred (400) feet, wore or lees, to e point in the southerly ceramics of the westerly line of mid D 6 5 Corporation; thence northerly. elms mid Leet described Live, three hundred fifty (350) feet t0 the point of beginnleg. The purchase ?rice of the aferadescribed premises is Two Mousand Rive hundred Valleys ($2,500.00) per acre, which price shall be deemed to include all mama mnrs for read and public sever construction naces- nary to eccoowelate the Buyer's proposed building. In the event the Buyer sxere"m its mid option within the period provided above, mid peyeam of One Hundred Dollars ($100.00) OM11 be credited against the persuade price. In the event the Buyer fails to evercise its said option within the tiro meacribe3, it shall forfeit said ,myram of Hoe Hundred Dollars (9100.00) to the City of Seems. no Buyer cOm mpiatea the examine of a building for the storage and Wholesale distribution of food asci food Products having an arm of between 35,000 and 45,000 square feat. It is understood and agreed that the conveyance frena the Seiler to the Buyer shall be Conditioned upon the Buyer's undertaking the construction of such a building within e period of two (2) years from the into of said cmveyence. The Seller hereby agrees to give said buyer A good and sufficient deed of the curve described preelaes to meat the Approval of the Super's attorneys. IN WITNESS WRRRBCP, said CITY of BANGM has caused this instrmient to be si uad in its Corporate Save and sealed with Its corporate seal by Jeseyh R. Ccupa 1, Jr., its City Manager, thereunto duty authorized. and Said ARTEIS Cf1APIN COVITANY has Caused thin instrument to be aigned in its corporate save end reeled with its corporate Seel by Castle Biggins, its President. thereunto duly authorized, both Che day and year first above written. Signed, aealed, and delivered in the presence ofl CITY OF BUR SR By Its City tisnager eSzma➢R CW FIN CQ4NNY its erasidenc sun OF MAINE MORSCM. as. November 1964 Than )ersomlly appeared Joseph R. Couml, Jr., in his Said can, city, and acknowledged the foregointl inatruCnot to be his free act and deed, and the free act and deed of said City of Bangor. before to, Justice of the Peace