HomeMy WebLinkAbout2011-05-09 11-141 ORDERItem No.
Date: Miss 9, 2011.
Item/Subject: ORDER, Authoriong Execution of Municipal Quitclaim Deed - Real Estate Located
at 376 Target Industrial Circle
Responsible Department: Legal
Commentary:
Real estate tax liens matured on the property of DPW Realty Trust of 376 Target Industrial Circle.
DPW Realty Trust entered Into a structured workout agreement with the City. All outstanding
charges due the City have been paid. There are no outstanding sewer charges or known property
Issues. Because the liens have matured, a municipal quitclaim is required to release the Oty's
interest in the property
Upon issuance of the deed the property is intended to be sold which will prompt a full
walk through inspection by the Code Enforcement ice.
Departrnent Head
Manager's Comments:
IDWIFERTIV ill
Associated Information.
Budget
Finance Director
Qty SoliQty Soli i
Introduced for Consent Agenda
_x Passage
_ First Reading
Referral
Assigned to Councilor _Reetov
CITY OF BANGOR
(KYLE.) ORDER, Authonzing Execution of Municipal Quitclaim Deed — Real Estate
Located M 376 Target Industrial Circle.
By the CO Councly of Me oty of Banyon.
141
Nay 9. 2011
ORDERED, Deborah A. Cyr, France Dlractur, is hereby authorized and directed, on behalf of
the City of Bangor, to execute a Municipal Quitclaim Deed releasing any interest the City may
have by virtue of undischarged real estate tax liens recorded in the Penobscot County Registry
of Deeds in Book 12160, Page 294, Book 11002, Page 27, Book 11434 Page 3 and Book 11002
Page 256. Said deed shall be directed to DPW Realty Trust, David P Webber Trustee in a form
approved by the City Solicitor or Assistant City Solicitor.
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gay 9. 2011
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# 11-161
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