Loading...
HomeMy WebLinkAbout1997-11-24 98-33 ORDERCOUNCIL ACTION Item No. 99-33 Date November 24. 1999 Item/Subject: Authorizing City Manager to Execute Amended and Restated Agreement of Lease with New Castle Hotel Corporation Responsible Department: Legal/Airport The attached Order would authorize execution of an amended lease with New Castle Hotel Corporation. New Castle currently operates the Bangor Marriott hotel located at Bangor International Airport, on land leased from the City. The amended lease, if approved, would restructure New Castle's rent, modify New Castle's "first option to expand", clarify provisions relating to payment of property taxes, and make numerous other changes. The amended lease reflects nearly 2 years of intermittent negotiations between the parties. AMENDED AND RESTATED AGREEMENT OF LEASE ON FILE IN CITY CLERK OFFICE Department Head Manager's Comments: I^'� y~Manager Associated Information: Finance Director c city Solicitor YU Passage First Reading Referral Page of E 98-33 Aeugud to CooncHor Leen November 24, 1997 u' CITY OF BANGOR (TITLE.) (orber, Authorizing city Manager to execute Amended and Restated Agreement of Lease with New Castle Hotel Corporation By dw COY Coeval ofdw City of Dy. . THAT the City Manager is hereby authorized, on behalf of the City of Bangor, to execute and deliver an "Amended and Restated Agreement of Lease" dated December 1, 1997, with New Castle Hotel Corporation. Copies of said agreement are on file in the City Clerk's and City Solicitor's office, and are incorporated herein by reference. IN CITY COUNCIL November 24, 1997 Motion to Amend In Lease Agreement Passed Passed As Amended (Amendments it.. Lease Agreement) ITYCLEItR 98-33 ORDER Title, Autborleing City Manager to Execute Amended and Restated Agreement of Lease.with New. Castle Hotel Corporation fi......Aen�a^w.... •.••.• eewv ..��d W^^ ........ V:Xf'l.............. Councilman