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HomeMy WebLinkAbout2001-02-26 01-131 ORDERItem No. 01-131 Date: February 26 2001 Item/Subject: ORDER, Authorizing Purchase of a Majority Interest in So-called Lane Lot in City of Bangor (Tax Map R66, Lot 4) Responsible Department: Legal Commentary: previously the Council had approved the purchase of the so-called lane Lot for a price not to exceed $17,000. Subsequently we discovered! that two of the eight owners have IRS liens against their interest In the property. Staff is attempting to get the IRS to discharge the liens. However, in the meantime, staff recommends Nat the City acquire a majority Interest in the property, buying the interest of the other six owners. This will enable us to complete the trail in the City Forest through this lot. Manager's Comments: 1 / City Manager Associated Information:CA4A France Director Legal Approval: Q d1«) City Solicitor Introduced for Passage _ First Reading Page _ of_ Referral P�l As ipw to Councilor Varnanun February 26, 2001 3ri:yq °e CITY OF BANGOR (TITLE.) ORDER, Authorizing Purchase of a Majority Interest in So-called Lane Lot in City of Bangor (Tax Map R66, Lot 4) THAT the City Manager Is hereby authorized on behalf of the City of Bangor to purchase the so-called lane Lot (Tax Map R66, Lot 4) for a pro -rated portion of a total purchase price of the property not to exceed $17,000.00. IP CITY COMIL February 26. 2001 !lotion for Passage Made and seconded Passed lY CO2 OI -1]1 ORDER Tide, Authorizing Purchase of a Majority Interest in So-called Lane Lot in City of Bangor Assigned le �����IIIInn Couritlbr