HomeMy WebLinkAbout1993-12-13 94-34 ORDER9V -SW CODNCIL ACTION Date: 12/13/93 Its NO.l 94-3 Item/Subject: — Authorizing the execution of a lease amendment with FENTON HILL AMERICAN LIMITED. Responsible Department: Community and Economic Development SEE ATTACHED MEMO. MpA:otment Read Manager's Comments:— W W4 &NMA, Aasociated Information:0�A4 M,�b Finance Director mm - &M4 City Solicltor vv introduced For __2i,yassage First Reading Page 1 of 1 _Referral mw\a .Mm (12/6/931 Amgiwd to Count or Shubert December 13, 1993 ry _ CITY OF BANGOR (Tn.) WTaery ---Authorizing. the City Manager to Execute. a Lease_,,,,, Amendment with PENTON HILL AMERICAN LIMITED By Be L1ry Coau(! of Be CAM ofAmesar: ORDERED, TEAT the City Manager is hereby authorised and directed, on behalf of the City of Bangor, to execute an amendment to a lease, a copy of which is on file in the office of the City Clerk, with PENTON HILL AFRICAN LIMITED for 1300 sq. ft. of warehouse apace in Building #93, 104 Maine Avenue, in the Bangor International Airport complex. IN CITY COUNCIL DECEMBER 13, 1993 Passed LTi u3ig'1!i'l� 94-34 ORDER Title, ANTRORIZINC THE CITY MANACER TO EXECUTE A LUSE„AMENDMENT NFTE. FEPi9W. PILL... PAkuAS IMSEE - .............. I ........................ `daav .....M/ignedpta conoeaman 94-34 To: Members of the City Council From: Stephen A. Bolduc, B onomic Development Officer Date: December 6, 1993 Subject: Execution of a Lease Amendment with Fenton Hill American Limited FENTON HILL AMERICAN LIMITED has been leasing 1,300 sq. £t. of warehouse space in Building 792 at Bangor International Airport since April 1991. The warehouse stores bonded products sold in the -Duty Free" and "America to Go" gift shops operated by the company in the Domestic Terminal. FENTON HILL AMERICAN LIMITED mould like to extend the lease of the warehouse, which terminated on Nay 31, and they have accepted the following lease rate and Conditions: Premises: 1300 sq. ft. of apace at thesouthern end of Building 792 at 104 Maine Avenue and the Immediately surrounding land an the southern aide of the building. Term: Three and one-half years from June 1, 1993, to December 31, 1996. This corresponds with the terms of the leases for the "America To Go- and "Duty Free" shops in the Domestic Terminal. Term Extension: FENTON. HILL AMERICAN LIMITED has an option to extend the lease for three years from January 11 1997, to December 31, 1999, at a rate to be negotiated. Termination: The City of Bangor. can terminate the lease without cause with sixty (60) days notice. If the lease is terminated, the City must identify alternative warehouse apace. Rate: June 1, 1993 - May 31, 1995 $450.00 per month June 1, 1995 - Dec. 31, 1996 $463.50 per month (Current rate is $439.B3 per month) use: Warehouse for storage of alcoholic products, perfumes and other items offered at the Lessee's retail locations in the Bangor International Airport Terminal. 1 94-l4 Utilities: Lessor will provide electricity for lighting Purposes only, up to one-half (1/2( hour per day, on average. There is no heat or other utilities in the demised premises. Any change in the amount of the Lessee's use of the premises will require a corresponding change in the lease rate. Maintenances The Lessor will be responsible for maintaining and repairing the building's major structural components: roof, structural walla, foundation, operating systems, including heating, plumbing, and electrical systems except fixtures, exterior paint surfaces, parking areas, and landscaping. Lessee will be responsible for all fixtures, including electrical, doors, windows, floor and floor coverings,ceilings, walls, and interior paint surfaces in the demised premises. Leasee will also be responsible for cleaning of the demised premises, snowplowing and rubbish removal. Insurance: Provide comprehensive public and property damage liability insurance to limits of $1,000,000 per each occurrence. Recommendation The Eanh.ir Corporation has reviewed this amendment and recommends approval under the terms and conditions outlined above. PERTOE HILL AMERICAN LIMITED has accepted the outlined terms and conditions. EAE/jP wem�aroMa.a.. (Umis.)