HomeMy WebLinkAbout1994-08-22 94-385 ORDERItem/Subject;
AN0iD1ffiNT TO A LRASS AORRSNBIPf MSTM .IOEN SOARDNA31: LIPS
SAFETY MANDFACMIIIN:
Responsible Department: Community and Economic Development
SEE AWA D M NO.
City Manager
Associated Information:
Finance Director
Legal Approval:
City Solicitor
Introduced For
Passage
_First Reading Page 1 of 3
deferral
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CODRCIL ACTION
Date
8/22/94
Item
No.
94-385
Item/Subject;
AN0iD1ffiNT TO A LRASS AORRSNBIPf MSTM .IOEN SOARDNA31: LIPS
SAFETY MANDFACMIIIN:
Responsible Department: Community and Economic Development
SEE AWA D M NO.
City Manager
Associated Information:
Finance Director
Legal Approval:
City Solicitor
Introduced For
Passage
_First Reading Page 1 of 3
deferral
mecµvuue.ace :anaree p-
pp ppis is �1e��"'live il,7 11A0AR -XAM
- �ru sP.
avl�o/iiy.
94-385
Ausigmd b CowcOor Stone August 22, 1994
CITY OF BANGOR
(TIRE) WCDHC, Authorizing the City manager to Execute an
Amendment to a Lease Agreement with Sohn Boardman, Life Safety
Manufacturing.
By tan Ciy Cemusl! of Se City ofBmxP .'
ORDERED,
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 Sohn Boardman, Life
mSafety
Manufacturing.
.r. X mam.on mn.no
IN CITY COUNCIL
94-385
August -22, 1994
0 R D E R
Passed
Title, AUthoiizing the City Manager to Execute
an to a Lease meat mftM1 John Boardman.
CIT CL NR
Life 5aftemendment
y Manufacturing.
......................................
.......... ........�.....I�...v.../......:
A{nw�Fe�dtw
T
Councilman
�MM� -395
L.;,.1Lti.IL;31�Ltit CORPORATION
e BANGOR AIRPORT CIVIC DEVELOPMENT CORPORATION
ob Economic D«elooton Deoenmem
aoreor city Ran
smnea, Melte 044M
Memorandum
Tat Members of the City Council
From: Stephen A. Bolduc, [e/utivv"e7 Manager
Date: August 22, 1994 �J
Subject:, Amendment to a Lease Agreement with Sohn Boardman, Life Safety
Manufacturing
Issue
Sohn Boardman, owner of Life Safety Manufacturing, wishes to lease 2,500
sq. ft. of Building 492 at 104 Maine Avenue in the Bangor International
Airport complex.
.Background -
Life Safety Manufacturing designs and manufactures sprinkler systems for
specialty applications. Their systema are not Connected to a water system
and utilize a specialised water holding tank. The company has been
operating from Building #92, since'Bay 1, 1992, a period of over two years.
During that period they have been renting only 1,000 of the total 2,500 sq.
ft. at a -monthly rate of $210.00 or $2.52 per sq. ft., BBN. Although the
property was underutilized, this was done in order to support the company
and allow it the necessary time to stabilize and grow.
Mr. Boardman is the only full time employee and handles sales, system
design, and management. One part time employee does the manufacturing as
needed. Mr. Boardman reports that he is negotiating with 2 major projects
in Europe, one in Russia. If he receives contracts for one or both of
Chase projects, another part time employee would be hired to assist in
production..
In discussions with the company regarding a fuller utilization of the
property,. the following lease terms and conditions for an, extension, of the
lease agreement were accepted:
Premisea: 2,500 sq. ft. of Building #92.
Term: Three (3) months, renewable quarterly by payment of the next
quarter's first month's rent. The lease can last terminated by
either party by providing notification thirty (30) days prier to
the end of a quarter.
Page 2 of 3
OPERATOR OF BANGOR FOREIGN TRADE ZONE NO. BE
Telephones: (M/) W7i TELEX: BANAIR 850087
96-385
Rate: $310.00 per month for the first quarter and increasing $100.00 per
month at
each quarterly renewal.
August 1
- October 31, 1994:
$310.00 per month, $1.49 per sq. ft.
November
1 - January 31, 1995:
$410.00 per month, $1.97 per sq. ft.
February
1 - April 30, 1995:
$510.00 per month, $2.49 per sq. ft.
Nay 1 - July 31, 19951
$610.00 per month, $2.93 per sq. ft.
Utilities:
Tenant assumes the coat of all utilities, including gas,
electricity and water and sewer user fees.
Maintenance:
The City of Bangor will be responsible for repairing the
building's major structural components: roof, structural
walls, foundatian, aperating systems, including heating,
plumbing, and electrical systems except fixtures, and
exterior paint surfaces.
Life Safety Manufacturing 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 anowplowing.
Insuran
The tenant will provide comprehensive public and
property damage liability
insurance to limits of
$300,000 per each occurrence.
RECOMMENDATION
BankLr Corporation and staff recomvend approval of this lease agreement
under the terms and conditions outlined above.
wevµxeee.a..ce pYIVM� Page 3 of 3