HomeMy WebLinkAbout2015-09-14 15-303 ORDERCOUNCIL ACTION
Item No. 15-303
Date: September 14, 2015
Item/Subject: ORDER, Authorizing Execution of Documents for the Sale of 217 State
Street to Emily Ellis (Map 048 -Lot 281) in the Amount of $10,000
Responsible Department: Finance
Commentary:
This Order would authorize the sale of 217 State Street to Emily Ellis for $10,000. The City acquired
this property by matured tax liens and because the property represents'/2 of a duplex, the City
entered into discussions with the owner of the other 1/2 of the duplex, Ms. Ellis. If approved, the
terms of the sale would include a timeline for rehabilitating the structure, a requirement to revert the
structure back to a single family residence, and a required level of investment. Once completed, the
City will issue a municipal quitclaim deed for the property.
The Finance Committee reviewed and recommended this item for approval at its September 9, 2015
meeting.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
X Passage
First Reading
Referral
Department Head
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Finance Director
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City S licitor
Page _of_
15-303
SEPTEMBER 14, 2015
Assigned to Councilor Faircloth
CITY OF BANGOR
(TITLE.) ORDER, Authorizing Execution of Documents for the Sale of 217 State Street
to Emily Ellis (Map 048 -Lot 281) in the Amount of $10,000
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
The City Manager is hereby authorized, on behalf of the City of Bangor, to execute an
Agreement, and all other necessary documents, for the sale of real estate located at 217 State
Street to Emily Ellis. Said documents shall include a sale price of $10,000, a requirement that
the buyer shall begin the rehabilitation of the property within 90 days of the sale, a requirement
that the buyer shall complete the rehabilitation within one year, a provision that the property
shall revert to the City in the event the buyer breaches the terms of any document, and such
other terms and conditions as deemed appropriate by the City Solicitor. Said documents shall
be a final form as approved by the City Solicitor or Assistant City Solicitor.
IN CITY COUNCIL
SEPTEMBER 14, 2015
PASSED
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CITY CLERK