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HomeMy WebLinkAbout2007-12-26 08-048 RESOLVEItimift. 08 048 Date: 12-26-2007 Item/Subject: Resolve, Radfytng the Action of the Finance Director FWAng a Quitclaim Dead m 53 Chadev Street to Discharge Ileus Responsible Department: Legal Norumbega Venture Company owns 53 Charles Street (tax map 32, lot 26), but does so in name only as Ne oaporaton has been administratively dissolved. The property, for which there is a recorded condemnation order, Is in the process of being foreclosed upon by the mortgagee. The mortgagee paid the outstanding taxes and asked that the City issue a quitclaim deed to clear the title in preparation for auction of the property on December 19, 2007. Since the purpose of the auction was to deliver title ro a parry willing and able to rehabilitate the property, staff agreed to execute the quRclalm deed. Consequently, this Resolve ratifies the action of Cee Finance Director in Issuing the quidaim deed. The Finance Committee recommended that the Council ratirythe action of the Prance Director in issuing the qubdaim deed at Its December 17, 2007, meeting. Department Head Manager's Comments: By Virtue of the condemnation order that is in place, the City retains sufficient leverage to insure that the property is rehabilitated to City standards. Recommend approval.�p iA (CityManager IMermatlon: Approval: x passage _ First Reading Referral Page _ of i sondror u8 048 Assigned to stone Decanter 26, 3007 :e F,. CITY OF BANGOR „1,10, (TITLE.) Resolve, Ratifying the Acton of the Finance Director Executing a Quitclaim Deed to 53 Charles Street to Discharge Liens By the City Council of the City ofBangor. BE IT RESOLVED That the action of the France Director In executing a quitclaim deed to 53 Charles Street to Norumbega Venture Company LLC to discharge a matured sewer lien fled in the Penobscot County Registry of Deeds, Buick 9985, Page 168, and two real estate tax liens filed in the Penobscot County Registry of Deeds, Book 10,483, Page 287, and Book 11,003, Page 109, is hereby ratified and approved. In ➢eceq�e0e cawcn z 26.200> Yos vd 'i 9 a BiB-- RESOLOE - ITY Cf86a . (l'ITLgJ v :fyjpP eT. <..i.m of t e Pivavice ➢ize o 0Otu[iog a Quicct ➢eed ro � 1,, ni,.L..e, .fano Mid Igo C000eibr J�aN � � II it