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HomeMy WebLinkAbout2017-04-10 17-132 ORDERCOUNCIL ACTION Item No. 17-132 Date: April 10, 2017 Item/Subject: ORDER, Authorizing Execution of Documents for the Sale of 45 Patten Street to Tinh Thai, in the Amount of $4,500 - Map -Lot (035-040) Responsible Department: Finance Commentary: This Order would authorize the sale of 45 Patten Street to Tinh Thai for $4,500. Council Order 15-230 authorized the City to acquire 45 Patten Street for delinquent taxes. In March, 2017 the City issued a Request For Proposals (RFP) to purchase the property in an as is condition. The intent of the RFP was to find an investor willing to demolish the existing structure and build a new, single family home on the parcel. However, it was also stated in the RFP that consideration would be given to any plan which involved rehabilitation of the existing structure. The City received one response, Tinh Thai. Mr. Thai currently owns 5 properties throughout the City. The properties are a mix of single family, multi -family and commercial buildings. Mr. Thai is current on all taxes, sewer, and storm water payments. The Finance Committee reviewed and recommended this item for approval at its April 3, 2017 meeting. Manager's Comments: Associated Information: Budget Approval: Legal Approval: Introduced for X Passage First Reading Referral Department Head City Manager J_,J� Finance Director Page _of_ ;?//v City s61i6ftor Assigned to Councilor Faircloth CI`T'Y OF BANGOR 17-132 APRIL 10, 2017 (TITLE.) ORDER, Authorizing Execution of Documents for the Sale of 45 Patten Street to Tinh Thai, in the Amount of $4,500 - Map -Lot (035-040) BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT The City Manager is hereby authorized, on behalf of the City of Bangor, to execute an Agreement, and all other necessary documents, for the sale of real estate located at 45 Patten to Tinh Thai in the amount of $4,500. Said documents shall be a final form as approved by the City Solicitor or Assistant City Solicitor. IN CITY COUNCIL APRIL 10, 2017 CO 17-132 PASSED CITY CLERK