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HomeMy WebLinkAbout2007-11-14 08-003 ORDERItem No. Date: 11-14-07 08 003 Itemisubjec1: Order, Autlwrlbnq Execution of a Municipal Qui claim Dead! for Real Estate Loratedl at 110 Pearl Street. Responsible Department Legal 1n June 2007, the Business and moon mn(c Development Cornmltlee approved! a Resolve authorizing the City to offer the Browns, owners of 110 Pead Street, a Residential RehabilMatlgn Loan to payoff existlng loans from MaineStream Flnance and consolidate existing City of Bangor subordinate Cornmunity Development loans. However, a sewer lien matured, requiring that the lien be paid before the loans can be consolidated. MaineStream Financehas paid theoutstanding sewerbillsandfeesandwenowseekdis rgeofthesewer lien placetl on the property. This will facilitate the loan consolidation, in which MalnesSbeam Rnance will be paid $19,027.96 for its loans, waiving $2,128.82 in additional acon ed Interest and penalty fees, and the Community Development Office will acquire the mortgage held by MaineStream Flnance. The Rro nce Committee recommended approval at its November 5, 2007, meeting, Department Head Manager's Comments: Recommend approval. 2/ /Ir �{�/V City Manager Associated Information Budget a Passage _ Mrct Reading _ Referral Page _ of 08 001 r�Z°p'dL. A 4!nad 0 COUKIlor store Move bet 16, 2007 CITY OF BANGOR (TIILE.) Order, Authorizing Execution of a Municipal Quitclaim Deed for Real Estate Located at 110 Pearl Street BE 7ORDERED BY THE CITY COUNCIL OF THE CRY OF BANGOR THAT Deborah A. Cyr, Finance Director, is hereby authorized and directed, on behalf of the City of Bangor, ro execute a munidpal quitclaim deed releasing any Interest the City may have in the real estate located at 110 Pearl Street, Bangor, by virtue of a matured sewer Ilan recorded in Book 9985, Page 82, Penobscot County Registry of Deeds. Said deed shall be directed to Peter P. Brown and Jennifer J. Brown. A Copy of said dead is attached hereto. IN CIW COUMIL November 16. 2007 Passed . At W-003 HBPPfE CIR! ©.8H8 iat Quitclaim0eed'for &�eeel esC_aat qbLfO�Gted Amlgowl to COmmtof 08 003 MUNICQ•AL OUl't'Cf.ARi DEED The CITY OF BANGOR, a municipal mrpmatiov located in Penobscot Canty, Maine, as Grantor, for cmaderaaovpaid,releaseam PETER P. BROWNmd BrNNB'ERI.BROWN,hme dandwik both of Bangor, Penobscot Copnty, Maine, as Grantors, a wtaw lot or parcel of bund, sib th d it the City ofBengm, Pmobmt County Mane, mune pataculady thatched as follows: Real estate located at 110 Pearl SMC in Bangor, sodin adedreaddin Book 9291, Page 180, Penobscot Registry of Dads. Any and ell other rights, easements, privileges and appmtmmcer belonging to We g reutad estate are heabycoaveyd. The purpose of this deeds to releass to the Grantees my mtaesl the Gunmen may have in the abo, o- de bed propecy by virtue of a matured a that assessed agamst Peter P. Brown and lmaif 1. Brouv and rmmddmBook9985,Page82,Penobswt CouoryRegistrydDwda All otharights,has®mta,wo[haWblic mtaeetswthed 'bM premixa tMroads,sewers, moMerPmWae%aa exprwalYreewed Thesmd CI TY OFBON A.eseaasdinaninstmmm[mbeseald duly mrpmam seal, an day its ampoma Dame by DEBORAH A GYR, Finance Dvumr, thereunto duly authorized, dds _ dey of November, 20W. SIGNED, SEALED AND DELIVERED W TBE PRESENCE OF: CITY OF RANCOR By: Deborah A.Cyr Ila: Ftancey) tt STATEOFMADIE PENOBSCOT, so, Nowunmor Then personally appeared the abovenarnd DEBORAH A. CYR, Fiance Dir Sur, and mknowldgdthe foregoiv8insuum®ttobeherfreeectnddwdmha avid rapacity, ndtheffeenetaeddxdof saidbdycorWrme Befog to Notary Public Prmtd Name: CKCIN The C OF BANOOR, a mumspal arp bm lasted w P bswt Camty, Maim, as Omntor, fa wmidwsampid" aseaw PBfF.RP.BRO"ad�I. BROWN,hwbswImdwife,ba hofBsngor, Pembswt Cmay, Mama m Gmntms, a cemia mt spa xl of land, situated in the CityofBmgm, Pmobswt Comty, Maine, more particuhlrlydesaibd a flluvm Rwl eat hattsdat 110Pwr1SbeainBmgm,addmibdinadedswwddmHwk9291, Page 180, Pmobscot Registry of Deeds. Any ad an olha rights, wsemmts, pmilegw and a pias races belonging b the grated emf are hereby coxtwyd. The propose of this ded is to Wlearc m the Ohat«s ay fti awt the &&tor may have in the above- il cnbd property by virtue of a mkmid aewa lim assessed against Peia P. BWwn and Jennifer J. BWwn ad re kBwk9985,Page82,Pmobscot ComtyReglstryofDeeda. Allotharights, easements,aoWapublic inmream m the descnbd promises for Wada, amus, or oWa pallosss ares Pressly wsavd. The said CITY OF BANGOR has cash this instrument to be sealed with its wqp m& awl, ad sWW in its wryaem nmse by DEBORAH A. CYR, Finance Duff , thammW duly mthodzed, tide _ day of Novembw, 200. SIGN , BRACED AND DEfdVERED M=PRESENCE OF: CITYOFBANGOR By:. Deborah A.Cyr Its: Fivmw DfttYm STATEOFMABiE PENOBSCOT, ss. Novem 200'1 Thm personally appeared the above moral DEBORAH A. CYR, lama Dbmmr, sod aclmmvldgd Ne[ gowgivsWmmtf beha Bwsctaddmdmhersaid wpmLLy, and Nefim actmddmd of saidbdYcoryomm. Bdom me, NowyPublic Printed Names