HomeMy WebLinkAbout1994-08-22 94-376 ORDERCODNCIL ACTION
Date 8/22/94 Item No. 94-376
Item/Subject:
LRASS MREEKENT WITH COLLA TRAINING INSTITOTN
Responsible Department: CONNunity and Economic Development
SNS AT ACSED NNF.O.
uaparqWntHead
Nanager's Comments:
City manager
Associated Information:
Budget Approval:
Finance Director
1,agal Approval:low. &4W City solicitor
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Introduced For
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_First Reading Page 1 of 2
_Referral
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94-3)6
Aeugned to CoatMer Cohen August 22, 1994
CITY OF BANGOR
(rIiLE) (orbtrt ..._Authorizing_ the City Manager to Execute a Lease
Amendment with Coles Express, Inc.
By the C(ty Canaan of the L\ty of Baa .
TMT that the City Manager is hereby authorized and
directed, on behalf of the City of Bangor, to execute an
amendment to a Lease Agreement with Coles Express, Inc. for an
area of the former light duty ramp at Eangor International
Airport
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IN CITY COUNCIL
August 22, 1994 94-376
Passed 0 R -0 E R
Title. Authorizing the City Manager to Execute a
CITY eNc Lease Ameadment with Coles Express. Inc.
.............../µ....................
Inc' //ppp1n)Cu b
Councilmen
91�-376
L 1LNL;10L CORPORATION
• BANGOR AIRPORT CIVIC DEVELOPMENT CORPORATION
c/o Ewnomic Dwelepmwt DeWnment
B Nor City Hal
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Memorandum
To: Members of the City Council
Prom: Stephen A. Balduc, Executive Manager
nate: August 22, 1994 AO 6
Subject: Lease Agreement with Cole Training Institute
Issue
Cole Training Institute wishes to renew its lease of an area of
the former light duty ramp at Bangor International Airport.
They have been leasing the property since 1988 for use as a
training area for the instruction of truck drivers.
Staff proposed the following lease rate and ConAitions which
have been accepted by Cole Training institute:
Premise 87,600 sq. ft. of area on the forner light duty
ramp located behind the Public Works Building.
One year, from July 1, 1994 - June 30, 1995.
Bates $420.00 per month (No change from the last lease).
Maintenance: Lessee waxiness the cost of all maintenance
required on the property.
Taxes Any taxes assessed upon the real estate and
Personal property are the responsibility of the
Lessee.
Insunancet Leasee will provide comprehensive public and
Property damage liability insurance to limits of
$300,000 per each occurrence.
RECO TIO
Bav it Corporation and staff recommend approval of this lease
agreement under the terms and conditions outlined above.
xr 1m+nu.ece (811/94) Page 2 of 2
OPERATOR OF BANGOR FOREIGN TRADE ZONE NO. fib
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