ITEM TITLE:
Discussion Regarding Disposition of Foreclosed Properties
SUBMITTED BY: Sheri Pierce, MMC, City Clerk/Shane Levesque, Legal Counsel
FISCAL NOTES:
Expenditure Required: Click here to enter text.
Unencumbered Balance: Click here to enter text.
Funding Source: Click here to enter text.
RECOMMENDATION:
Legal memo attached. Building Inspector memo attached.
SUMMARY STATEMENT:
On September 16, 2020, the city obtained title to several foreclosed properties by means of a Clerk’s Deed issued by the Clerk of the Superior Court. For purpose of discussion at the work session our legal counsel has prepared a memo regarding future action which must be taken by council necessary to prepare for the eventual disposition or other use of the subject properties. Following the work session, we will prepare the required ordinance based on direction received by council.
The Building Inspector has prepared a memo regarding the present condition of the buildings located on the properties. The Pipeline Club Motel/Restaurant building is in severe disrepair and has been secured to prevent unauthorized entry.