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
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Councilman