HomeMy WebLinkAbout2014-03-24 14-125 ORDERCOUNCIL ACTION
Item No. 14-125
Date: March 24, 2014
Item/Subject ORDER, Authorizing the City Manager to Execute a Purchase and Sale
Agreement for the Purchase of 17 Lincoln Street
Responsible Department: Community & Economic Development
Commentary: This Order will authorize the City Manager to execute a Purchase and Sale Agreement
for the purchase of 17 Lincoln Street, currently owned by David Chase and John Geatani, for
$142,500.00 using Community Development Block Grant funds. This acquisition would be a part of the
City's ongoing community revitalization efforts.
This item was reviewed and approved by the Business & Economic Development Committee at its March
18, 2014 meeting.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
X Passage
First Reading
Referral
Tanya L. Emerx
Department Head
Finance Director
"�/W -
ity olicitor
Page _ of _
14-125
MARCH 24, 2014
Assigned to Councilor Nealley
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CITY OF BANGOR
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(TITLE.) ORDER, Authorizing the City Manager to Execute a Purchase and Sale Agreement
for the Purchase of 17 Lincoln Street
WHEREAS, the owners of the property located at 17 Lincoln Street in Bangor and the
City of Bangor have reached a tentative agreement to purchase said property;
and
WHEREAS, the City has an interest in aquiring the property as a part of its continued
community revitilazation efforts; and
WHEREAS, the City and the property owners have agreed to a purchase price of
$142,500.00 for said property:
By Me City Coundl of the Oty of Bangor.
ORDERED, That Catherine M Conlow, City Manager, is hereby authorized and directed, on
behalf of the City of Bangor, to execute a Purchase and Sale Agreement to acquire the land and
buildings at 17 Lincoln Street, Bangor, Maine. Said Agreement shall be for a purchase price of
$142,500.00 and such other terms customary to such agreements in a final form as approved
by the City Solicitor or Assistant City Solicitor.
IN CITY COUNCIL
March 24, 2014
Motion made and seconded for Passage
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CITY &LERK