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Home My WebLink About2002-05-13 02-205 ORDERItem NO.nn-70% Date: May 13, 2002 Item/Subject: ORDER, Authorizing the City Manager to Execute a Purchase and Sale Agreement -- 32 Walter Street (Tax Map 25, Lot 156) Responsible Department: Legal Joseph F. Boulos has offered W purchase a vacant lot owned by the City M 37 Walter Street' Tax Map 25, Lot 156. The purchase price of $3,564 is in excess of the assessed value. The lot will be used as part of a proposed expansion of the Shaw's Supermarket. The Business and Economic Development Committee has recommended approval. Department Head City Manager Associated Infamration: Purchase and Sale Agreement Budget Approval: Finance Director Intrgtlucetl for YY� Passage _ First Reatlin9 Page of L Referral 02-205 F A SUXIWCOUKiIOr Farrington Ray 13. 2002 CITY OF BANGOR (TITLE.) ORDER, Authorizing the City Manager to Execute a Purchase and Sale Agreement -- 37 Walter Street (Tax Map 25, Lot 156) By me ay counW of ere City ofavigrx: ORDERED, THAT Edward A. Barrett, Uy Manager, is hereby authorized and directed, on behalf of the City of Bangor, to execute a purchase and Sale Agreement with Joseph F. Boulos, or his assigns, for the vacant lot located at 37 Water Street and designated in City records as Tax Map 25, Lot 156. A copy of said purchase and Sale Agreement is attached hereto. IN CITY COONCIL May 13, 2002 Passed p 02-205 CTy ON08N (fITLEJ eathoriling the Me Naoaeer r Execute a Purchase and Sale agreemur a 37 Walter Street (Tat Map 25, Lot 156) pssignetlM LPuntllar I I ,dome12� EPSTEIN 4a May 21, 2002 Norman Heitmann City So icitor 73 Harlow St Bangor ME 04401 RE: 37 Walter ST Dear Norman: Enclosed is the fully executed Purchase and Sale Agreement for the above referenced property. Thank you. /S,noey, id Hugh JDHIbl Enclosures e STATE STREET P. O. BOX 2444 ENWORnEM -24C TEL (207) 9456222 FAX (207) 945-5524 0 n5ie21tl aM%19 a PPR 15'02 9:53 N0.001 P.02 V4TEIN IDS CONTRACT FOR SALE OF REAL !STATE April 10, 2002 RECFnigo W Joaaph F. 9oulOs. Or Residue hereinafter called me PfdWser, the sulnal: ONE THOUSAND DOLLARS (57,000) as a deposit on account of the purchase Must of the following Penobscot County. State Of IF to bwedi nal esteb, situated In A certain parcal, lot. Or percels of land of appmtlmately 1 a H- &am, and other Irtprovemants situated thereon, located at3 Walter St., Sanger, Maine and further depleted as Lot 165 an Ivan 251n OF City of Sender use rude ssafs officean referred Mewenato in referred e Penobscot Rtea egy Of DOF Voiums 6556, Page "Plarritre'). Me TOTAL purchase price being $3,564 to be paid as R0100111: $ 1,000 herewith; $ 2,664 balance In cash or cartiluad check at closing. Said dspostl is recalved and held by Epdein C�nlg0ryy61 Real Estate, subJecl to me follovdrp terms and Wituions: `9 1. Ssllersholl have untll 6 o'clock p.m. on APdEM,, 20 accept tha wlmin blfer; and If Setter hes tial accepted the offer by ePeh eme, seld deposit shall be returned promptly to Purchaser. Epstein Commercial Real Estate w61 hold Sold deposit IF act as e00mw agent until the dosing. 2, Within 30 days from the full esew0on of this Contract, Purchaser shah notify the Seller of any his defects or survey metiers W which Purchaser obfsda, and Saler shell have a reasonable pMod of 0". not to OXDW 30 days, to wre Such obleaons. If "Met is unable to aro the objections offer having meds reascable efforts, Purchaser hely either coaurtaate the purchase C fact, nfwhlch 00 the 88116f Mall refthe pperrisers In accordance und to Pufchasarms delywift h� rade hereunder and the parties shall have no further obllgatlon to eadh omen 3. The dosng shall lake Plan within d0 days of the full exaction OF this Contract. Seller shall on the date of closing axe" and deliver a good 04/15/ 1a. Iry wu.u= w . w/15"C 09.20 EP"TEIN I0: RPR 15'02 9:54 No.001 P.03 and o"Mclanl xlatalp¢daad mn"ying the Proml"a to the re; Mser er their nconned, In f" elmpte, Win goad and rMrhstabla title thereto. Rollet Me it"lof cloalpd n In a of allato a 6aes to the PuMbasW Or Nd occupants, unless dttnalwtaa at provided hani The Prohaee shall be broom clean, hse of all pp""eloos and debris, and in the sans condition se they atm now, meow As wwr and tear accepted. 4. The Asidwing (tams unit be proaatod as of the O1"Ing: Heal "tole taxes; fuel_; ronte_; ulllltlea_. 6. Rtsk of loss or damaged; the Promises, byllm pr otherM", until Ole Is passed, romalns Win the Beller. B. in mss of the failure of the Purchaser to pay the purchase prim or W par otho any of the c onw19 an Its part mads or emend In W, title Contrwl YAN be terminated and the deposit will be rationed by the WIrt" liquidated dong"; the esprow agent Is hereby eumorlaed Who Puttsseer b deliver the deposit le the aellerunder the forsadng dm "tanb". 7, Time Is of the e"ance under this Camroci. All comanante and egr"Itt"ts heran contain" will Inure W and be binding upon the helm. Pefsonel more"nbtiv", succo"gn and assigns of the peril". a. The Beller ecxnordedgw that Oo& Hugh" of Epstan Commerda Rea Estate Is adding adlely so the Purchasers agent In this troM Calm a. The Bell" and Purche"r Wit each pay on"alfOF the r"1 "tote tmnasr al payable as a result of this transection. 1 g.This Cwtract may be signed! In any nuroer of Wanpcal counterpart, such as a faead copy, with the sente binding effect "IMS alpnolur" wets on one lmounwnt. Original or faxed signatures aro binding. I t.Iii An days of the WN exscution of this Contract, Boller shall proWde Wfcne"r win any azloling abstracts of title, or lips insurance Popdw In door possession related to the cosiness. Attached hereto and made a pts here" It a copy of the Properly Olsdcsuro Statement forth a trona"e this was INWId" at Purchaser poor W or during ma preps hio Carl 12.9ellor shall pine Purchase and Purchasers agents and representatives leeeenabls BCG" W the Mame" during normal tnis n"s hours. N We transaction contempulad by this Cpntrod does net place for *MY r"adn, M/15102 10:93 CB -TE P3105 o a yya'. sea Nu.xc �wr.om 69/15/02 09,as EPSTEIN to: PPR 15'02 9.54 No.001 P.04 Purchaser shell Pali the Premlas so 9aemined or tested to its original condlWn prior te Pun.Tesara entry. Prior to entering onto the Pr Molli , Purchaser shall furnish Seller with such o blit Olga of Insurance as Seller shalt reefo lably require, nilnlnp 50116195 additional Insured. Po¢hea61 hereby Indamnlees and agrees to defend and hold hernitea Seller far *my damps. aaln%ma, liability or eapena incurred or suffered In connection With the Inspeaicns by reason of the granting a skerciea of the right and lima granted herein. The provisions Of this PerepraPh Mill suMw the Closing or other mmtlnaeon of INS CaniM4. A COPY OF THE CONTRACT IS TO 6E RECEIVED PY ALL PARTIES AND, BY SIGNATURE, RECEIPT OF A COPY IS ACKNOWLEDGED, Eppsin Commeraal Re01 Fsmm. Purchasers Hooker VWa Hereby spree to purdmee the Premises at she pries and upon the mrlM and colrlNona rat forth above.. Signed Pres day of 1,2002 "a F Wlmsa am)ph F. Boula 131 +n:n0941`o- m n.+ EPFTEIN ID: APR 15.02 9:55 No.001 P.05 AGGE"ANG! VW* hauy a=pl IM ofW Wd agM 10 Oalivm MS mm"s oft pow "Won INeN mmdWAQIpp118 BEOVG b0. SIpnMI Nub I HI `a.y a�"� SELLEM! UU ��ejl ZL& WII� vlt u X 02_x,. �P o o. 54 C I T Y -5 ;H. E E- T r P S 149 v _ 126. 147 c . a 146 p $�1 S Q' ,14 rf :J s o��, e � a T b o 144. (� � I60 'J 143) F -ys . 131 `�NS -14 T _ 163 -- � i,1 F oi3'J b a ' `JJ J39 J 190 5 � b RA i 6 � IJ `PJ Rj0