HomeMy WebLinkAbout1996-06-24 96-295 ORDERCOUNCIL ACTION 96-295
Item No.
Date June 24, 1996
Item/Subject: Extending Term of Contract for Development and
Management of Non -Aeronautical Areas of BIA between the City of
Bangor and Bangor Airport Civic Development Corporation
Responsible Department:. Legal
The City of Bangor and Bangor. Airport Civic Development Corporation
(BaMix) executed a real estate management and development contract
on July 29e1991 by which the City engaged BanAir's services for
the marketing and leasing of certain properties at the airport..
This contract expires on June 30, 1996, with renewal options for
seven 5 -year periods. It is recommended that the contract be
extended until August 31, 1996 in order to have ample time to
review any other changes deemed necessary to the contract. This
review i needed i anticipation of the FAA'a removal of title
restrictions on certain non-aeronauticl areas at the airport.
Department
Manager's Comments: GrEP YA.. .7y,g,pa*a�'�e /71n�s
LL
City Manager
Associated Information: Amendment to Real Estate Management and
Development Contract and Extension of Contract
Finance Director
This item we considered by the Community & Economic Development
Committee onJune 19, 1996. W
City Solrcitor
passage
First Reading
Referral page 1 of 3
96-295
AwiEMI to CommOw Elanchette Jana 24, 1996
..r CITY OF BANGOR
(TiTIE.) Main .,...._"'ding Term f Contract £o 11 r Development a 11 nd
11
Management of Non -Aeronautical Areas of BIA between the City of
Bangor and Bangor Airport Civic Development Corporation
BY da City Counmi of Bu CRY ofDawm
ORDERED.
THAT
WHEREAS, the City is the owner and operator of an airport commonly
known as Bangor International Airport, and located in the City of
Bangor, County of Penobscot, State of Maine; and
wHERHAS, Bangor Airport Civic Development Corporation (Barldr) is
engaged in the development and management of real estate in said
Bangor; and
WHER&]B, the City of Bangor and BanAir executed a Real Estate
Management and Development Contract on July 29, 1991 for the
marketing and leasing of certain properties at Bangor international
Airport; and
WHEREAS, said Contract initially was for a 5 -year term with
subsequent renewal options, said initial term to expire on June 30,
1996; and
WHEREAS, there is a need to extend the June 30th date of the
Initial term to allow time in order to review desired changes to
the Contract,
NOW, THEREFORE, by the City Council of the City of Bangor, be it
ORDERED,
THAT Edward A. Barrett, City Manager, is hereby authorized to
execute on behalf of the City of Bangor a "Amendment to said Real
Estate Management and Development Contract and Extension of
Contract" by and between the City of Bangor and BanAir by extending
the term of the Contract to August 31, 1996.
IN CITY COUNCIL
June 24, 1996
Passed
F
CITY CLERK
96-295
O R D I R
Title, Bxbending Term of Contract for
Development and Management of Non- I.
Aeronautical Areas of BIA between they
..................
Davgox end gangox Airport Civic
Development
of
Development CoxpareHov
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Aeeipmd to
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Councilman
96-295
AMENDMENT TO REAL ESTATE MANAGEMENT AND
DEVELOPMENT CONTRACT AND EXTENSION OF CONTRACT
MIS AMENDMENT AND EXTENSION of the Real Estate Management
and Development Contract dated July 29, 1991, executed in duplicate
this day of, 1996 by and between the CITY OF BANGOR
(hereinafter sometimes referred to as the "City"), auicipal
corporation organized and existing under and by virtueof the laws
of the State of Maine, and located at Bangor, Penobscot County,
Maine and BANGOR AIRPORT CIVIC DEVELOPMENT CORPORATION (herein-
after sometimes referred to a "Bennis•),n-profit local
development corporation, organized under the laws of the State of
Maine and having a principal place of business in Bangor, Penobscot
County, Maine.
W I T N E S B E T H:
WHEREAS, the City and Bannir are parties to a certain 'Real
Estate Management and Development Contract" (hereinafter sometimes
referred to as "Contract") dated July 29, 1991 regarding the
marketing and leasing of certain properties at Bangor International
Airport; and
WHEREAS, said Contract expires June 30, 1996; and
WHEREAS, the parties wish to extend said Contract but not
for the terms of extension provided for in said Contract,
NOW, THEREFORE, the parties do mutually agree as follows;
1) THAT ARTICLE II, OPTIONS TO EXTEND, be deleted.
FORMER, the parties do mutually agree that the Contract
shall, in all other respects, be extended to August 31, 1996.
IN WITNESS WHEREOF, the parties have set their hands and
seals the day and year first written above.
CITY OF BANGOR
(BY)
Edward A. Barrett
Its City Manager
BANGOR AIRPORT CIVIC
DEVELOPMENT CORPORATION
(By)
Stephen A. Bolduc
Its Executive Director