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HomeMy WebLinkAbout2002-03-25 02-158 ORDERCOUNCIL ACTION Item No. 02-158 Date: 3-25-02 Item/Subject: ORDER - Authorization to enter into a purchase and Sale Agreement and acquire 231 Randolph Drive Responsible Department: Community B Economic Development Commentary: ihls house was purchased by Melinda Davis in April of 2000. Since then there have been several problems with the house that required bar m repair at ber expense. Her water heater had to be replaced, her breezeway doors were sbrck shut by frost moves, someone told her that the house was full of asbestos (which was removed by the Air Force prior W acquisition by the City) and two weeks ago her sewer line collapsed. Ms. Davis Is one of 26 low and moderate income buyers (required by HUD to use CDBG funds in rehabilitation the 51 houses), and is overwhelmed by her mortgage and added maintenance expenses. She approached the City and requested we purchase the house for the existing balance of her mortgages, which are currently around $69,000, and suggested we could make any necessary repairs and resell R to cover our expenses. Staff recommends acqulsMon of this property using the net proceeds from the sales of the 51 homes, In an amount not to exceed the indebtedness. When a new buyer Is iderltted, Council Action will be required to re -sell the house. / Departrt�efit Heatl Manager's Comments:f fGD �P.GI+nnrarkQA City Manager Budget Approval: �Q® (W 4u Finable Diredvr Introduced for X Passage _ Flrrt Reading Poge _ of _ Referral 02-158 �•.! Assigned to Councilor Mealley March 25, 2002 Fh.C�"°pi.,. CITY OF BANGOR (TITLE.) Order, Authorization to enter into a Purchase and Sale Agreement and acquire 231 Randolph Drive WHEREAS, Council Order 99-12 authorized the sale of City owned property lasted on Randolph Drive and Maxwell lane to eligible buyers in the City's "Randolph Drive Maxwell Lane Family Housing" residential subdivision, and; WHEREAS, on April 11, 2000, 231 Randolph Drive was sold to Melinda Davis, who has owned and occupied the property for two years, and; WHEREAS, the owner of the property has determined that she is unable to keep up with maintenance expenses of the property, and has requested that the City buy back the property to enable her to find mare suitable housing, and; WHEREAS, the Business and Economic Development Committee has reviewed the request and has determined the request to be appropriate and consistent with the original Intent of the Randolph Drive Maxwell Lane Family Housing project; NOW, THEREFORE, BE 1T ORDERED by the City Council of the City of Bangor, that the City Manager is hereby authorized to execute a Purchase and Sale Agreement with a purchase prim not to exceed the amount of the owner's indebtedness on the property, for the acquisition of the residential property looted at 231 Randolph Drive, and the City Manager, the Director of Community and Economic Development, or the Housing Programs Manager are hereby authorized W execute such additional documents as approved by the City Solicitor to complete the acquisition of clear and marketable tltle to the property looted at 231 Randolph Drive. IN CITY COUNCIL March 25, 2002 Native Made and seconded for Passage Passed �.. ,,,.- DP.PPl( CIS4 CL88H' (TITLE) durhoriaation to Enter into a e ffiffircQe cqn 1231 Randolph Drive 1 Fsalgnadto Councilor