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HomeMy WebLinkAbout1999-11-08 00-009 ORDERDale: Novemberii, 1993 Itrm No. 00_9 losr ublvcl: AuNaizmgExecution, ofFuchaseis Sete Agttment aW Municipal Quitclaim Deni - Reel Fatale ucalM at 55 Parka Sn=t. Respxsible Oepannml LePpl Commentary Robert Glori% acting as agent for NW Cala, requmwd to purchase 55 Par4 Stwt from the City of Fagot. The gopary u vacant and unbar dable as a math ofmning. Mr. Carta arab to purcbaee the pro In Use fff off-site Inking for his apartmevt building Ie W around his comer at 131 Second Snat Size off-site pa M9 requires Planning Bond approval, Mr. Cn's ola of 51,500 fir the imp is enWmgan War approval for at lent two imrkmg sqw. The Purclutt As Sala Agreement pemnts Mr. Cmw w umke Wli®tion w the Plarwiog Baazd WOM closng I arc no wWanding Code issues with the propary. The Finnnce Committee rexmmaWed approval at its meeting held m Nwemtef 2, 1599, provided the driveway arA laking atm is paved and laMxapM. rtment HO6m ead Maaves Commmp Ciry Mmmga Aaocimea Information: py/�.rr u..A�g+o+0. eellhecmr Up[Appfoval: S rw ITduced For C Pawage _First R.eedlug Refimal No -9 Amignedto Counddor Palmer November 8, 1999 Ap CITY OF BANGOR (TITEEJ (01114rf-----Awl�mizing'Bxa-ution ofPurchese&'SalerigreementaBdhiunicipat- '"""'"'"iEiiitcla�m peed'for'""Reel Fslate Loceied'iit 55 Parker SteeeY"' ---- ---- By rke Cky Cowdt efNe Qry o/Barwor: J1 0;INi7 TEAT the CityMamager is hereby authorized, on belud7ofthe City of Bangor, to execute a Purchase & Sale Agmenwent with Neal H. Carter for the sale of real property located at 55 Parker SNeet, a copy ofwlticil is attached hereto, and a Municipal Quitclaim Deed, in a form to be approved by the City Solicitor a Assistam City Solicitor, releasing any interest the City may have in the real property located at 55 Parker Street in said Bangor. IN CITY COUNCIL November 8. 1999 eaaaea 00-9 O NDER Title, Authorizing Stecution of e cluse 6 Sale Agreement amd Municipal Qaitclaf Dead for Real Estate located hff SS Fer v Smell I I ................ ................................... (1- Laa..N;sr r�� Aerip�ed to lI ......... �cpm.t.iEmam MP PURCHASE &SAM AGREEMENT ]IBS PURCHASE AND SALE AGREEMENT made on the dace az hereto below pmvidd ("AgreemmN) by and between Ned M Cuing ("Buyd7, of Charleston, Maine, and the City of Bangor, Maim, a body palitic and inruryofate, having an address of 73 [Rrlow Strati, proper, Maim, 04401("Seller'). WITNESSETH: 1. Procertv mBe Comevd. Seger agrcesmullad mmry toBwya, and Buyaagreesmpumhase Gam Sella, ell of Sellerrrigln,ate, mtlng known rerminrealproperly situated mthe Ciryr's mgor,, lot of Pmobuot, avd Smm of Maim, being known az 55 Pm4er String, Bangor tax assessor's map 35, lot RA, wMawiag approximmelY 4,600 square feet. 2. purchase Prise The peruser price of the Prop" will be One ThousvM Five Hundred] Dolbrs ($1,500.00), to be paid at closing. 3. Clpgjpg. The closing of title water this Agreement shall be held an or ledus Much 1, 2000, ankss Selig "I Mowata a normitofl pouring deed inPlace aztlrepelveshereto shell mmaeOY agree. At closing, Sellashall tlelivermamwiripal gwitdeim decdmf sortable for recording. 4. Closing Conditions. The obligations of the parties hereto are specllically contingent: upon the Seller obtaining Planning Bmrd approval to use the Property for residential parking far 131 Second Street with a muumum oftwo(2) parking spaces. 5. Immovearagge Buyer busby aspowsto improve the Prepay, with a paved driveway and parking rune and landscaping to meet or excel a "aB boafferyard as defined by Bangor's Laud Development Code. Buyer shall obtain all mcessary pannus Bmm the City ofBangor prim to insulting Me driveway and said improvements must be completed no lata tan July 1, 2000.. 6. Limitrtim on Uu. Buyer busby acknowledges that the Property is a sulastadand lot as a answer of maing and agrees dig ahuames or mho improvements shall be entered node Property with the exception ofafen« T. Isawila. In the event of default by the Bays under dos Agreement, the Property shall revertto the CltyofBangar. S. Binding ERat This Agreanmt"I W binding upon and June to Sir bend[ of the parties bvem and to the extentpenmitted hueby, thein respe give heirs, legal repreeentatives, successors and ssaigm. IN WITNESS WHEREOF this Agreement bas been executed, sealed aat delivered as of the day and year writm below. SELLER CITY OF BANGOR, MAEJE DRe Witneu By: Edward A.Bmrev Its: City Manager BUYER NEALH.CARTER Date Witness By: Neal H. Cuter