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HomeMy WebLinkAbout1994-08-22 94-384 ORDERCODiM.IL ACTION Date 8/22 /94 Item No. 94-3 384 Item/subject: AM@ID!ffiWP TO A L E ADNEE W WITH FHILTNDM CORPOMTION Responsible Department: Community and Economic Development Finance Director Legal Approval: �Yv.. City So icitor Introduced For a Passage First Reading Page 1 of 3 deferral wNvmaw.am �eiuiw: o CBM ^1 0 1k Cale T/04 a 1tG¢ i(nlw9(. 'Ile /L VM 7 a✓j Me �Ma�//a���a v4� 7v .lows O16n,aPro�a��-j rA� (&4<ry,04(5 or �eSS. �ilJeM.CA/� City Manager Associated Informations Finance Director Legal Approval: �Yv.. City So icitor Introduced For a Passage First Reading Page 1 of 3 deferral wNvmaw.am �eiuiw: o CBM ^1 0 1k Cale T/04 a 1tG¢ i(nlw9(. 'Ile /L VM 7 a✓j Me �Ma�//a���a v4� 7v .lows O16n,aPro�a��-j rA� (&4<ry,04(5 or �eSS. 94-384 Moped to CowNor Sbubert August 22, 1994 _ CITY OF BANGOR (TITLE.) Mrbert ............."thordarng the City Manager to Execute an Amendment to a Izaee Agreement with Philtrum Corporation. By the City Commod of W City ofB6lpOt: ORDERED, THAT the City Banger is hereby authorized and directed, on behalf of the City of Bangor, to execute an Amendment to a x.ease Agreement between the City of Bangor and Philtrum Corporation for use of Building #270 at 49 Florida Avenue, Bangor. mucVE ieM.9L (0/16/96) 94-394 IN CITY COUNCIL O R D E R ' August 22, 1994 Pa d Title, Authorizing the City Manager t0 Execute an Amendment to a Lease Agreement u1th Philtrum Corporation. CITY CL A ...................................... A&Ogned to Councilman ' QaaWCORPORATION • BANGOR AIRPORT CIVIC DEVELOPMENT CORPORATION c/o Economic Denouement Depatlmern Bars or City Hal Bangor, Mene W401 Memorandum To: Members of the City Council From: Stephen A. Bolduc, Executive Manager Date: August 22, 1994 JQ E Subject: Amendment to a Lease Agreement with the Philtrum Corporation Issue The Philtrum Corporation wishes to extend the lease agreement between the City of Bangor and the Philtrum Corporation for use of Building 9270 at 49 Florida Avenue, Bangor. Background The Philtrum Corporation has Enron leasing Building 9270, at 49 Florida Avenue since 1986 for use office facilities. The most recent lease was for three "are expiring on May 31, 1994. The lease rate during the last year was $1,980 per month or $5.50 per sq. ft. with the Lessee paying all utilities except water and seargar user fees. The proposed amendment would make the Philtruer Corporation responsible for all utilities including water and sewer user fees. Following are the substantive changes to the lease agreement: - 1. Extension of the term'for three years, until 1997. 2. Maintenance of the lease rate over the next two years and increasing it by 4.58 in 1996. 3. Including water and sewer user fees as utilities for which the lessee is responsible. The Philtrum Corporation has accepted the following lease rates and conditional Premises• a. Building #270, approximately 4,320 sq. ft., located at 49 Florida Avenue, and the land appurtenant thereto. Page 2 of 3 OPERATOR OF BANGOR FOREIGN TRADE ZONE NO. BB Telephone: (207)947dB#2. TELEX: BANAIR 950007 94-384 b. Right to use the driveway separating Building #273 and Building #270 jointly with the occupants of Building #272. e. exclusive use of the parking lot in front of Building ;270. TerA: Three years, from June 1, 1994 to May 311 1997. Rater June 1, 1994 - Bay 31, 1995: $10980.00 per month Tune 1, 1995 - May 31, 1996: $1,980.00 per month June 1, 1996 - Nay 31, 1997% $20070.00 per month Utilitieas Philtrum Corporation shall pay the coat of all utilities furnished to or consumed on the premises, including electricity, fuel oil, gas, and water and sewer user fees. Maintenance: Me City of Bangor will be responsible for maintenance of the buildings: foundation, roof, structural walls, operating systema, including heating, plumbing, and electrical systems except fixtures, exterior doors, exterior windows and _ parking areas. Philtrum Corporation will be responsible for building fixtures, floor and floor coverings, ceilings, interior walls, and other interior paint surfaces in the demised premises. The Philtrum Corporation will also provide rubbish removal, snowplowing and landscaping. Taxes: Any taxes imposed upon the real estate, building and personal property are the responsibility of the Philtrum Corporation. Insurance: Philtrum Corporation will provide comprehensive public and property damage liability insurance to limits of $3000000 per each occurrence. RBCOMMKMDATION BanAfr Corporation and staff recommend approval of this lease agreement under the terms and conditions outlined above. Me Mnrwm.=x WW/9e Page 3 of 3