HomeMy WebLinkAbout1995-04-24 95-196 ORDERCOUNCIL ACTION
Date: 4124/95 Item No. 95-196
Item/Subject:
LEASE AGREEMENT "TA BILL SANBORN, JR. d/b/a ABDO CORRUGATED.
Responsible Department: COMMUNITY AND ECONOMIC DEVELOPMENT
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Budget Approval
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95-196
Amipnedlo Camd" Soucy April 24, 1995
_ CITY OF BANGOR
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(TITLE.) V1/raOKo „ Authorizing the City Banger to execute a Lease
Agreement with Bill Sanborn, Jr. d/b/a ASCO Corrugated.
By I" City Coued of 014 City of Seem.
ORDERED,
THAT the City Manger is hereby authorised and directed, on
behalf of the City of Bangor, to execute a lease agreement with
Bill Sanborn, Sr. d/b/a ASCO Corrugated for space in Building l92,
104 Baine Avenue.
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IN CITY COUNCIL
April 24, 1995
95-196
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Title, Authorizing the City Manager to execute a
Lease Agreement with Bill Sanborn, Jr. d/b/a
ASCO Corrugated.
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Councilman
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!r 1WLI;lOMOCORPORATION
• BANGOR AIRPORT CIVIC DEVELOPMENT CORPORATION
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9anow. Main, 01401
Memorandum
To. Members of the City Council'
From: Stephen A. Bolduc, Executive Manager
Date: April 24, 1995 .9 QB
Subject: Lease Agreement with Bill Sackorn, Sr. d/b/a ASCO
Corrugated
Issue
ASCO Corrugated, owned by Bill Sanborn, Jr., wishes to lease
2,500 sq. ft, of space in Building $92 at 104 Maine Avenue in
the Bangor International Airport Complex. ASCO Corrugated
manufactures non -standard corrugated cartons for customers in
central Maine. Mr. Sanborn is the only employee. ASCO
Corrugated has leased 1500 sq. ft. in the International
Enterprise Center for nearly three years and his lease will
expire on May 31, 1995.
ASCO Corrugated has accepted the following lease rates and
conditions:
Premises: 2,500 sq. ft. of Building #92, 104 Maine Avenue
and the adjacent parking lot.
Term: One year, from May 1, 1995, to April 30, 1996.
Lessee has the option to terminate the lease if
property taxes are assessed on the property.
Rate: $625.00 per month for the period May 1, 1995, to
April 30, 1996.
Use: For the storage and manufacture and sale of
corrugated boxes and related products and for n
other use without the express written consent of
the Executive Director of BanAir Corporation.
Page 2 of 3
OPERATOR OF BANGOR FOREIGN TRADE ZONE NO. 5B
Telephone: (2071 9474 2 TELEX: BANAIR BUUOU!
95-196
Insurance: Provide comprehensive public and property damage
liability insurance to limits of $300,000 per
each occurrence.
Taxes: Any taxes imposed upon the real estate, building
and personal property are the responsibility of
Bill Sanborn, Jr. d/b/a ASCO Corrugated.
Maintenance: The City of Bangor will be responsible for
repairing the building's major structural
components: roof, structural walls, foundation,
operating systems, including heating, plumbing,
and electrical systems except fixtures, and
exterior paint surfaces.
Sill Sanborn, Jr. d/b/a ASCO Corrugated will be responsible
for all fixtures, including electrical, mechanical, and
plumbing, doors, windows, floor and floor coverings,
ceilings, walls, interior paint surfaces, rubbish removal
and snowplowing.
utilities: Bill Sanborn, Jr. d/b/a ASCO Corrugated assumes
the cost of all utilities, including gas, electricityand
water and sewer user fees.
The Board of Directors of BanAir Corporation and staff recommend
approval of this lease agreement under the terms and conditions
outlined above.
Page 3 of 3
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