HomeMy WebLinkAbout2004-03-10 04-90 ORDERRem No. 06-90
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Item/Subject: Authorizing Fx bm of a Release of Subordinate Agreement for Lot 2, Sanair Industrial
Park
Responsible Department: Legal
Commentary:
In 1967, the City executed a Subordinate Agreement with Abner Sargent, encumbering a portion
of lot 2 m the ikinwr Industrial Park with a sewer assessment imposed when the subdivision was
created. Subsequently, m 1991, the Qty foreclosed on the parcel, thereby extinguishing the
Subordinate Agreement by merger. The City flan sold the parcel ro the current owners, Douglas
T. & Linda A. Cardente, in 1993. The Cardentes now wish to sell the parcel, but the buyer is
cancerned that the undischarged Subordinate Agreement is a aloud on the title. Therefore, the
Cardentes request that the City issue a release of the Subordinate Agreement to clew tlCe.
The Finance Committee mmmended approval of this item at its March 1, 2004 meeting.
DepaHment Head
Mana is Comm ots:
r��i Oaf!
Qty Manager
Associew Infounstion:
0sr
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Legal Approval:
6pgdtor
Introluce for
Passage ((ee��
_ First Reading Pegs _ of
Referral
O 90
Assigoedto Cmmcilor aealley Batch 10. 2006
CITY OF BANGOR
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(TITLE.) ORDER, Authorizing Execution of a Release of Subordinate Agreement for Lot 2,
Eanatr Industrial Padc
ey the oty Couxl/ ofere Ory of salvor:
ORDERED,
TWIT Deborth A. Cyr,-Rnanm gredor, Is hereby Whcrized and directed, w behalf of the City of
Ean9m, to execute a kelease mlmsitg any Inherent the Oty might have In lot 2, Eanair Lndushlal Park by
virtue of a Submdirok Agreement dated Deceinber a, 1961, ant mmMed in the Pem = County
Regishy of (keds In Rook 2143, Page 241. Said Weise stall be directed to Douglas T. It Linda A.
Omelette, In a fern apfnmed by the Ww of the Oty Sofichor.
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Passed
cl CLERK
x o O
ORDER
(TITLEJ Aurboriaiug Execution of a Release
of Rub mte emt or o e., r
Industrial Park
Assigned to Councilor /tc9l/Y
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