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HomeMy WebLinkAbout1993-03-10 93-190 ORDERDate yVV 3-08-93 Item No._g3-I 0 WmeR: AvertlOenb to Batgoc Ywth ibc3say Association Item/Subject: ideasmi Dam 1='il 1, 1991 Fasrence Responsible Department: Commentary: This action M v n<tmentlY change the leve PaPvagevt tams for five Banpr Youth ibdey Aasxiatiw issues with the City of Bangor. M xa'iewisg the leve mtl the debt service sctredule which sees tbe basis £e the ]ease sj t doe, it eves fowid Ucat a �t of $1,050 is requixei can Febnazy 1, 1994. Si x the iritastion of the lease sees W xecapbse tare debt sezvice for tte pennarent £marc , anti rice the amwut boaw.ed wi11 be paid M full on August 1, 1993, t2eete is no nesi for an asdditiwel $1,050 paiarent can Febtua>_y 1, 1994. This aQercMent to tie lease weld zmuve that payment, anal the lease would thmv zaa e t i $1,00 per yeac can the amvivexsazy dejbs of the lease, April 1st. spd Manager's Comments:-IL43 .Qaaae,.u�a.:A uxwl?�Naue �(w-eat-Wu<X Pelt,9I,060Ou cuy m,.cg.. Associated Information: Omer Budget Approval: For,," D,,y,r" Legal Approval: CieY Snlisitm Introduced For passage First Reading paw _ of Referral 93-190 A iratof cdw $axl, Naxch 10, 1993 r _ CITY OF BANGOR (TITLE.) Mrber.------------- �..to..Aango youa .ibdk a sociatton ressa.usrm April 1, 1991 By Gs Cih Caanei{ o/Ne fTty ejBanTor: ORDERED, TEAT wffitens, the City of esngor leases property to the Ba Youth Wdc Aeeocia[inn thm* a levee dated April 1, 1991; and wraw+ai, ttx lease pwffm for the period £shivery 1, 1991 though August 1, 1993 c etrvcpued to recapture t debt eervlre for $160,000 Lgrzovereme at Sa Arena; and 10Wh:, the repayment of the p� dolt mf 11 be a fi on August 1, 1993; ar i WI�SA9, t}re lease requires a payn of $1,050 on F�rnary 1, 1994 which does not ocnfona to t debt se �; SADA, 11>Ef¢ttYffi, m m ORDER® T Article N of the said lease fs heretry a®tled to delete reference to a Febr 1, 1994 lease payor of $1,050. IN CITY COUNCIL March 10, 1993 Passed c1�xcPCimft� 93-190 ORDER Title, Ame�!R enn$,or YouN RockAe ey eooiat10n Lease Dated April 1, 1991 .......)/C.�.�... {.q..�...../.y.............. ... [�CMR�cAssi (I� Ae(_ri�grod l/0 Comcilman