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Bangor committee urged to subordinate deed restriction on 21 Eaton Place so owner can close rehab loan
Summary
Staff recommended the committee agree to subordinate a 2021 deed restriction on a house at 21 Eaton Place so the owner can obtain a rehabilitation loan; owner David Dillon described delays, costs and work already completed.
Bangor City Development Committee staff recommended the committee agree to subordinate deed restrictions on a house at 21 Eaton Place so the owner can secure a loan to complete a required $70,000 rehabilitation.
The recommendation came during the committee’s Sept. 3 open meeting, when staff described the 2021 sale condition that the property be rehabilitated at a cost of at least $70,000 and said the property owner recently asked to modify that agreement so a lender will make a rehabilitation loan.
Committee staff said the city has worked with its legal office on the request and recommended subordination of the deed restriction to allow the loan to close. Committee discussion in the provided transcript did not record a final vote on the recommendation.
Property owner David Dillon addressed the committee during public comment, describing delays and personal setbacks that slowed the project. “My name is David Dillon. My wife and my Jackie and I, we live right here in Bangor. We purchased a property in time on with an 8 agreement that we have,” Dillon said. He said material costs rose during the COVID-19 pandemic, he had employment interruptions and medical issues, and that “there has been work done. . . . It’s jacked up off from my foundation. It’s currently sitting on steel crib steel binding and cribbing. I’ve replaced the roof. I’ve got it out all the old mechanical system, which is ready to go forward. We just ran out of money. Our loan is approved. The only thing that's holding it back is the de restriction right now.”
Dillon said he and his wife need final contractor quotes but are prepared to resume the work if the deed restriction is subordinated. The committee noted that some minor work has been completed but did not provide a binding decision in the excerpted record.
Linda Terrell, introduced to the committee as the city’s new director of code enforcement during the same meeting, was present for the discussion and field-inspection remarks but did not make a separate motion on the Eaton Place item in the provided transcript.
Next steps recorded in the transcript: staff recommended subordination and legal review has taken place; the committee’s final action on the recommendation was not recorded in the supplied excerpt.
