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HomeMy WebLinkAbout1992-12-14 93-48 ORDER93-48 COBNCII. ACTION Date: December 14, 1992 Item No. Item/Subject: Authorize the City manager to execute an amendment to a Lease Agreement with Coles Express, Inc. d/b/a Cole Training Institute for an area of the former light duty ramp at Bangor International Airport. Responsible Department: Community and Economic Development 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 November, 1988 for use as a training area for the Instruction of truck drivers. The lease rate during the last year was $420.00 per month. Staff proposed the following lease rate and conditions which have been accepted by Cole Training Institute: Term: One yearfrom December 1, 1992 - November 30, 1993. Rate: $420.00 per month. Premises: 87,600 sq. ft. of area on the former light duty ramp located behind the Public Works Building.. maintenance: lessee assumes the cost of all maintenance required on the property. Insurance: Lessee will provide comprehensive public and property damage liability insurance to limits of $300,000 per each occurrence. The Beam+. Corporation has reviewed this lease and recommends its approval. Becoawendation Staff recommends approval of this lease under the terms and conditions outlined above. _ DepSkthehf Bead Page 1 of 2 HHI18 BS Associated information: Legal Approvals Finance Director CiM6a�itor 40 Introduced For x Passage _First Reading Page 2 of 2 Referral smm\amema.cou �nnsizv 93-48 Assigned to Councilor Shubert, December 14, 1992 CITY OF BANGOR (TITLE.) @itterp Autborizing the city [tanager. to Execute a.. Lease Amendment with Coles Expresee Inc. By Cam Cement! of 04 ofBenper. MT the City Manager is hereby authorized and directed, on behalf of the City of Bangor, to execute an amendment to a Lease Agreament with Coles Express, Inc. for an area of the former light duty ramp at Bangor International Airport. IN CITY COUNCIL December 14, 1992 In CiU CLERK 93-A8 ORDER Title, nyp¢grizigg, t¢e, city nepage� co axewce a Lease Amendment with Coles Express, Inc. ........... //. ............... ..... adnn//d. Imy Anniig�ne�d\fit/o/A Councilman