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Home My WebLink About1992-02-10 92-107 RESOLVEDate 2-10-92 V Item No. 92-107 Item/Subject:' meddrz an Appxopciat within Lto Bass Pack Llatl __ Finders LYe fox tie NasU Group Responsible DepartmentFyty faara� Commentary: Ae that Cansil will xecall, the City seas oatnotsi se Ycal aontla ago by xepx�entati�veaa of Lto Coastlmd paup win indiretei that they lad locatsd fords obtain t fords f= Rome n xatorn fora Z% firrgea f. aroffemd to 111B rmclaived furls in question xepieearted a stipeard data, W the i?aee Palk tn...,,=.r.... fzaa tla State. The furcls sasxe deposited with The State mxzasom 'e absrxbs i property division. At Lbs L ue ent� isrcn tte agxegiett with CresGlartl• Haire State Cowaovent eats est operating rate to the alwtrbxn eocfated with L State's bur113et pacin. Uaucressful effmYa were addle to Coal the State by the legal Depactlrent. Wa tease received $23.567 fry the fixate. the fee oval W Group is $3.535.05. 11te attaclad Rosolve world appxcpriaW Lis anscanR to Tito liesa Pack axpeMitrue budget. Tha full an v will ba cxailtetl m a xavave. This process will dant: m.e ors efforts to alimfxafe °ret•• bdgating. ixCiA rim Manager's Comments: Lity Mon Associated Information: Budgel Approval: n Legal Approval: Who, (bas O.,a{ Gro V SP Can ate y1 /Yd {}r p7f an P.,ri motjtr, ora alkate of }, IhA(11 Iw V � 0(15 w•A b tk( C'ty Ijjhk t J rl, assts}arc(. rate tay Solin', ea<reaPlIt Y atrexd jun /}r % 1(5 dan¢rrArnl eat, VA delrosi ori}H }Fr fax ll Introduced For --V^ky was iv tvfrllr 54 Jul rl5f - IWA oP (asf //yytgr. /trrordln5ly� on .JolEI Passage Q/-% �alJP i} ^ (.,o (0,r i jOroler A Pag¢_of_ [First Ranging SS c• In JI 'j'br, I 5r of titin foo^11a�d p riy .^r^^o Referral ltp %t �ai1r Cp�nd'I /jli 5 Rex eirk+rnsM V i5 a P<W. 92-10) Assigned to Councilor Bragg, February 10, 1992 CITY OF BANGOR (TITLE.)BSIIIUQ'Yl an nppropraitiai wtcnin ids Base P k Fwd — PSMe[s BY CUB COU44B of Nw CilY ofBoYYor: BN'itis avmrt of 53,535.05 is hereby apprcq¢Lata ! to the Fess Park Number .1.wimt Nuer 83-04-03.01 for the purpose of fundirg the Fintlemrs Pee of the (coup, Far., relating to their efforts In at y iw unclaiverl funds Of the Base Perk C aporation In City Council February 10,1992 iefered to Appropriate Committee nslder nest meati m2 .. -gni City Jerk In City Council February 24,1992 Passed as Amended Amended as follows after the wards appropriated to the Bass park fund add - from revenue account M 83-4310 and to account #83-0404301 w.REC MC °.-HN � Ci[ Cleek 92-10) H E S 0 L F E Making an Appropriation within the Base Park Fund finders Fee for the Coaetland Croup RE: FEE DUE FOR RECOVERY OF STATE OF MAINE C92M NUMBER 5444067 Lear Mr. Barrett: As you know, the City of Bangor received the above -referenced check from the State of Maine's Treasury Department last month; see attached copy of letter from the State Treasury, dated 12/17/92. The i of said check was due to the efforts of The Coastland Group,eInc.( Coastland") and Coastland is now entitled to its fee of 15% of the amount recovered by the City, $23,567.00. Accordingly, I request that a check in the amount of $3535.05 be forwarded to Coastland at your earliest convenience. Thank you for your attention in this matter. Truly Yours, stepL n G. oche, Esq. Deputy General Counsel 92-107 l.'. �'[] T 1 I1. -IAN( WN 1 to s, )ss2 _ A55FT INF06MATION STFEMS wN "nMA �72 . I ➢ an snx.Is,D lye.. Via Facsimile 6 First Claes Mail Edward Barrett City Manager City of Bangor 73 Barlow Street Bangor, ME 04401 RE: FEE DUE FOR RECOVERY OF STATE OF MAINE C92M NUMBER 5444067 Lear Mr. Barrett: As you know, the City of Bangor received the above -referenced check from the State of Maine's Treasury Department last month; see attached copy of letter from the State Treasury, dated 12/17/92. The i of said check was due to the efforts of The Coastland Group,eInc.( Coastland") and Coastland is now entitled to its fee of 15% of the amount recovered by the City, $23,567.00. Accordingly, I request that a check in the amount of $3535.05 be forwarded to Coastland at your earliest convenience. Thank you for your attention in this matter. Truly Yours, stepL n G. oche, Esq. Deputy General Counsel Please find enclosed State of Maine check number 5747067 in the amount of 03,567.00due for you .claim from State of naive, pept.of Agriculture This check replaces ck A 7668690 which w stale dated and turned over to this office as abandoned property. if you have any questions please do not hesitate to call or write. Very truly you Reginald W. Boutin Supervisor Abandoned Property RAB/ps Enc1: 1 PC: Coastland Group Inc. I * ' 92-lD7 5PAU OF MAP'C iRP.A.SURy OEPAftI'MENI' STATE NOME STATION 39 AUCU3FA, MAINE ON lJpn ]a9 -ml Dec. D. 1991 City of Bangor sten: John Quartararo 73 Harlow St. Bangor, HE 04401 Please find enclosed State of Maine check number 5747067 in the amount of 03,567.00due for you .claim from State of naive, pept.of Agriculture This check replaces ck A 7668690 which w stale dated and turned over to this office as abandoned property. if you have any questions please do not hesitate to call or write. Very truly you Reginald W. Boutin Supervisor Abandoned Property RAB/ps Enc1: 1 PC: Coastland Group Inc. MEMORANDUM November 18, 1991 TO: Bangor City Council FROM: Erik Stumpfel, Acting City Solicitor RE: Bass Park Corporation Dormant Funds - Coastland croup Agreement 92-107 Last Thursday I sent the Council a Memo regarding the results of our contacts with the Coastland Group, Inc., a Massachusetts group that had located certain unclaimed funds belonging to the City. In my last Memo, I mentioned that I had attempted to check with the Maine State Treasurer's abandoned property division before we entered into the Agreement with Coastland. I advised the Council that on the date i checked, the State Treasurer's office was closed due to a State furlough. As it turned out, the funds found by Coastland had been deposited with the State Treasurer a abandoned property, and would have been available for disbursement to the City without payment of Coastland's 158 commission had the relevant information been available on July let. After I sent the Council my last Memo on this matter, John g. reminded me that the State of Maine was n furlough for two weeks in early July, and not just on Julylst when I called. At the time, therefore, the additional delay involved in tracking down this particular possibility did not seem to be justified because we did not know the source of the funds Coastland had found and because the possibility that they might be unclaimed funds reported to the State Treasurer as abandoned property was only a guess. Accordingly this matter was taken to the Council, which authorised Ed to enter into the agreement with Coastland on July 8th. The agreement was subsequently put into final form and signed by both parties on July 12th and 17th. In retrospect, it might have been more prudent to have waited for the State Treasurer to return to work so we could complete our check with that office before entering into the agreement with Coastland. But in evaluating this decision, the Council should be aware that the Maine State Treasurer was unavailable for a two week period, and not just on the day I phoned in. If the Council has any further questions, please call. Is. E. S. to pc: Edward Barrett John puartararo COUNCIL ACTION Date, Pebruary 5. 1992 Item No. 92-108 Item/Subjects Authorise the City manager to execute an amendment to a lease agreement with NESCO Corp. for a building at 233 Odlin Rd. Responsible Departments Community and Economic Development NESCO Corp. has requested an amendment to their lease of a building at 233 Odlin Rd. used as a warehouse and office for the wholesaling of laminate products and equipment. The lease, which began in 1983, has the option for annual extensions until terminating in 1993. The proposed amendment would change the term of the lease from annual to monthly, renewed automatically upon payment of the next month's rent and terminated by either party with 30 days notice. This request for amendment is the result of discussions held with the Community and Economic Development Committee of the Bangor City Council during executive session n July 8, July 22, and August 12, and conversations with David Small, Treasurer of NESCO. Background In June, 19910 while considering a one year extension of their lease, NESCO Corporation requested that the City of Bangor either reduce their lease rate or amend the lease to a "Tenancy At Will' basis. The Community and Economic Development Committee of the Bangor City Council considered the request during executive sessions on July 8, July 22, and August 12. They decided to amend the lease to a 'Tenancy At Will" basis. The current lease rate is $1,687.00 per month or $2.25 per square foot on a double net basis (Lessee pays utilities, liability insurance and taxes). Recently NESCO Corp. executed and returned the amendment for the City's execution. The Community and Economic Development Committee of the Bangor City Council has informally approved this amendment and the BanAlr Corporation recommends its approval. Departsernt Head Page 1 0£ 1 Legal Approvals Finance Director Uw4 � �FI City solicitor IOtroduCed For X assage _First Heading Page 2 of 2 Referral ava City manageraT Associated Informations Legal Approvals Finance Director Uw4 � �FI City solicitor IOtroduCed For X assage _First Heading Page 2 of 2 Referral