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
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