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
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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
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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