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HomeMy WebLinkAbout1992-02-24 92-137 ORDER92-13] COUNCIL ACTION Date: February 24, 1992 Item No. Item/subject: Authorize the City Manager to execute a lease agreement with the Cole Training Institute for an area of the former light duty ramp at Bangor International Airport. Responsible Department Community and economic Development Commentary: 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 1986 at a rate of $400.00 per month for use as a training area in the instruction of truck drivers. Staff proposed the following lease rate and conditions which were accepted by Cole Training Institute: Teraz One year from December 1, 1991 - November 30, 1992. Bate: $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 including snow plowing. Insurance: Lessee will provide comprehensive public And property damage liability insurance to limits of $300,000 per each occurrence. The BanAir Corporation has reviewed this lease and recommends its approval. epdrtd4nt Nen A y�-,, . C y Man�age9�r �"'(/y sage 1 of 2 92-137 associated Information: O rC�-1 Budget Approval: b Finance Director Iagal Approval: g /� (.� F( % Ir City Solicitor Introduced For X Fassage _First Reading - nage 2 of 2 _Referral Asagned to Counaor Frankel February 24,1992 CITY OF BANGOR OLD Mrber Th c ty .manager is authorized and directed to _ s...._..._.... ... execute a lease agreement with the Cole Training Institute. By Me My Comma! of CMy ofSumer: - ORDERED, THAT the City Manager is hereby authorized and directed, on behalf of the City of Bangor, to execute a lease agreement with the Cole Training Institute for an area of the former light duty ramp at Bangor International Airport 92-13] ORDER In City Council February 24.1992 1 Title, Passed The city to execute lease a gee e ' directed io mea leave agreement +e.� with the Cole Training Institute 'Ci Clerk < r ............................... Aerigned to e� Fza......... Councilman I �'