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
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Comcilman