HomeMy WebLinkAbout1999-01-25 99-65 ORDERC09NCIL ACfION
late: January 25 1222
Item NO. es-fis_
item/subject: Authorizing the City Manager to Extends a Lease Agreement with Gary l.Hagan -
Lots 7 & 8, BIA Commercial / Industrial Park
Responsible ➢epartmemt: Community &Economic Development
commentary:
Gary J. Ragan has Imn awarded a bid to consume[ and lease office space an dm U.S. Dept. of Agriculture
to serve as the store headquarters of three USDA agencies: Farm Service Agency, Rural Development
and Natural Resource Agency, and the Conservation Service. Mr. Began proposes to lease Lots 7 & 8 in
the IIIA Commercial / Industrial Pak to construct the 20,000+/- aq. ft. office building required. Lots 7 &
8 are on Maine Avenue north of Griffin Road behind the Beacon Cadillac / Oldsmobile dealership.
This proposal and the terms and conditions of the agreement have been reviewed by the Community and
Economic Development Cmnminee which recommends approval.
➢ partmen Read
Nanager's (wenante: 1j n _n
�.6.rgvvw+uw'0� puQVSvM1iVOX City hismager
Associated Informetioac)4K
Budget Approval:
F1nanCe DireCLor
Legal Approval:
City Solicitor
Introduced Par passage O First Reading ❑ Referral
page --1-02-2—
Ashland toCounsellor Aube Jammry 25, 1999
..0 _ CITY OF BANGOR
MEJ @rbtr, _-Authorizing The .City Managerho Extends a -Lease -Agreement _..
with Gary J. Haugav Lads 7 & 8, Bu Commercial / Industrial Park
By W Cisy Coattail of W City ofJ%%W:
ORDERED,
TMT The City Manager is hereby authorized, on behalf of the City of Bangor, to execute a
lease agreement with Gary 1. Hagan for the development of a 20,000+/- N. It. office
building on Lots 7 & 8 in The BIA Commercial / Industrial Park, containing terms and
conditions substantially as follows, and in a final form approved by the City Solicitor or
Assistant City Solicitor:
Premises: Lots 7 & 8 - RIA Commercial / Industrial Park, 6.11 acres.
Term: Font years.
Rahe $12,330 annually paid monthly in the mount of$1,027.50.
Every five (5) years the lease rate would be adjusted to reflect changes in the
value of the land. The lease rate would be adjusted in accordance with the
change in the Consumer Price Index. For the five year periods beginning
with the twentieth and thirtieth years of the lease, the property would be
reappraised in order to reset the value of the land. The annual lease rate
would be 10%ofthe appraised value of the land parcel.
Use: For use as an office building and for no other purpose whatsoever without the
expressed prior written consent of the City of Bangor.
TT : Taxes assessed upon the real esmm, building and personal property are the
responsibility of Gary L Pagaa.
IBsturan : Provide comprehensive public and property mange liability insurance to
limits of $300,000 per each occurrence.
Othijo a. Site work and building improvements commence within one (1) year and
completed within two (2) years.
b. The building shill have a gross floor area of not lessthan 20,000 N. tL
c. The lease is contingent upon approval of Land Developmem Permit and
site plan approval by the Bangor Planning Board.
IP CITY COUNCIL
January 15, 1999
Motion for Passage Made
and Seconded
Passed
KKK I
99-85
ORDER
Title, Authorizing the City Manager to
Eeecute a Lease Agreement pith Cary S.
Ragan - Lots ] 6 8, Ale Commercial/
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C�
'Aaigpned to
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Councilman