HomeMy WebLinkAbout1996-08-12 96-347 ORDERCOUNCIL ACTION
Item No. 96'34)'%
Date Auuust 12, 1996
Item/Subject: Directing Reimbursement of Banair Civic Development
Corporation for Expenses Advanced in Connection with City's
Acquisition of M/A-COM Building at 448 Griffin Road
Responsible Department: Legal
On duly 22, 1996, Ranair. Civic Development Corporation advanced
$55,000 in payment of a license fee due from the City of Bangor
and/or Eldur Corporation to M/A-COM, Inc. under a license agreement
between those parties dated duly 22, 1996. The payment was
necessary to enable Elder Corporation to have access to the M/A-COM
building at 448.Griffin Road on that date, for the purpose of
installing and testing Eldur's manufacturing equipment. Payment
was made by Banair because no means existed to obtain formal City
Council authorization for the expenditure of 'City funds.
The attached Order would direct the City Manager and Finance
Director to reimburse Banair Corporation for the $55,000 payment.
Although reimbursement of Banair Corporation is not required under
any written agreement with the City, the City Council may legally
authorize reimbursement of this payment, which was made by Banair
for the City's benefit.
W, Mead
Manager's Comments:
City Man
City Man g
ager
Associated Information:QAIN
ZYYV A&iiiector
Legal Approval:
City Solicit z�
Passage
First Reading
Referral Page _ of
9634]
Aempn to Coundw 'Sullivan August 12, 1996
_ CITY OF BANGOR
(TITLE.) (]Drbtr, .............. Directing Reimbursement of Banair_Civic
Development Corporation for Expenses Advanced in Connection with
. cety'.s Acquisition £ -MIA-90M, .at..AAB.. Griffin. Read .............
By de Cay GmauW o/ de GSW ofBafty .
OBD&R&D,.
THAT the City Manager and City Finance Director are
hereby authorized and directed to reimburse to Banair. Civic
Development Corporation the sum of $55,000.00 advanced by Banair in
connection with the City's acquisition of the M/A-COM building
located at 448 Griffin Road, Bangor, Maine.
Statement of Fact! On duly 22, 1996, Banair Civic Development
Corporation, for the purpose of assisting the physical location of.
Eidur Corporation, a manufacturing enterprise, n Bangor, Maine,
paid $55,000.00 to M/A-COM, Inc. as a license fee due under a
License Agreement between M/A-COM, Inc., the City of Bangor, and
Eldur Corporation, dated duly 22, 1996. This Order directs
reimbursement of the $55,000.00 to Banair by the City of Bangor.
IN CITY COUNCIL c' 96-347 N
Anggeu 1Z,_1996 d RDE R
aaeeea• -
IV CL :Title,Directing Reimbursement f B 1 f _
'" CI 1 Development Corporation for Expenses
Mavnaced in Connection with City Acquisition
' of M%A-CDM B5ildiag a[ 460 �'xiffly Noad
QG
AsOpedto
- Councflmao