HomeMy WebLinkAbout2001-02-12 01-112 ORDERItem No. n -r e
Date: February 12. 2001
Item/Subject: ORDER, Authorizing Execution of Municipal Quitclaim Deed - Real Estate
Located at 5 Nelson Street
Responsible Department: Legal
There are matured sewer liens on the property at 5 Nelson Sheet. The City also holds a mortgage on the
property for a rehabilit h on loan.
The property, Is currently In forecastle and the owners have also found a buyer far the property. The
Lender and owner has been Informed that the sewer charges and City loan must be paid before the City
will release Me property.
The owner expects to have a closing on Me sale within a month.
This Order authorizes the execution of a deed upon payment of the outstanding obligations tu the City,
either by the Lender or at the dme of closing.
The Business and Economic Development Committee recommended approval at its February ]th meeting.
Department Head
Manager's Comments:
Qty Manager
Associated Information:
Budget Approval:
Legal Approval:
City Solicitor
Introduced for Consent Agenda
X passage
_ First Reading page 1 of -2—
Referral
F „ Anigr"WCouncilor varda s Fel " 12, 2001
f�1.rr,?i
CITY OF BANGOR
(TITLE.) ORDER, Authorizing Execution of Municipal Quitclaim Deed — Real
Estate Coated at 5 Nelson Street
By the 6ty Counoy of Me CRY Y of Havvon
ORDERED,
THAT Ronald I. Heller, Finance Director, is hereby authorized and directed, on
behalf of the City of Bangor, to execute a Municipal Quitclaim Deed releasing any
interest the City may have in the real estate located at 5 Nelson Street In said Bangor
by virtue of matured sewer liens reworded in the Penobscot County Registry of Deeds.
Said deed shall be directed to Charier E. & Marilyn A. Cameron, or their successors In
Interest, and shall be Issued pmvided that payment is received for all obligations due
the City prior to March 31, 2001.
IP CITY COUNCIL
February 12, 2001
Passed / 01-112
ORDER
1 u
T4 Title, Aurnureed - v4ecatsta Of MhaicLocated
5 Nelaoln teed -Neal Estate Located a[
5 YeLwv Street