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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. m cm C mcn gay 9. 2011 Pawed # 11-161 an (TLl,) 1ntM1n'inin¢ giecuMon f !1o^1e1ni puitelafa Ueed Heal estate Located at 376 Target Iv str"l Circle ar9mtl bCamtlM iJ�4�zm �^+-��