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HomeMy WebLinkAbout2011-06-13 11-207 ORDER_COUNCIL ACTION Item No. Date: June 13 2011 Item/Subject: ORDER, Authorizing Execution of Documents Necessary to Convey the Land and Building at 498 Maine Avenue m Bangor Gas Company, LLC Responsible Department: Community and Economic Development The City of Bangor and Bangor Gas Company, LLC are parties in a Real Estate Purchase Contract dated July 20, 2010 to sell land and a bullding at 4 Maine Avenue. The Real Estate Purchase Contract provided that the sale was to be completed by May 30, 2011. Due to circumstances beyond the control of either party, they have not been able to complete the conveyance of the property by May 30, 21311. This Order au0tomes the City Manager to ezearte documents to complete the sale by July 2g, 2011 wreistent with the terms and condi0ons of the original agreement. Department Head Managees Commends: City Manager Associated Information: Iii N(I 1lR 4n Qty solichar Introduced for _ Passage _ First Reading page _ Of _ Referral 11-207 .lune 13, 2011 �e Ampedm Ceumiler _penton CITY OF BANGOR (TITLE.) ORDER, Authorizing Execution of Documents Necessary to Convey the Land and Building at 4% Maine Avenue to Bangor Gas Company,LLC WHEREAS, the City of Bangor and Bangor Gas Company, LLC are parties in a Real Estate Purchase Contract dated July 20, 2010 to sell land and a building at 498 Maine Ave.; and WHEREAS, said Real Estate Purchase Contract provided that the sale was to be completed by May 30, 2011; and WHEREAS, due to circumstances beyond the control of either party they have not been able to complete the conveyance of the property by May 30, 2011. 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 all documents necessary to convey W Bangor Gas Company, LLC the land and a building at 498 Maine Avenue, consistent with the terms of a Real Estate purchase Contract between the City of Bangor and Bangor Gas Company, LLC, as the same has been amended. Said documents shall be in final form as approved by the City Solicitor or Assistant City Solicitor, provided that they shall be exewiced no later than July 29, 2011. III CRY CWDCli. dote 13. 2011 Motiov ILda and Becauded fcI Yiaeage YueW 114 a� p 11-zo) omm (TITLE,) AutMli:ma g catf of Dock nts Decaaeary to Co¢ve9 t`te find and g ding at 498 Msine Aveoue to Haogar Gas Cha". LLC Aeelgmd M Councilor