HomeMy WebLinkAbout1992-02-24 92-138 ORDERCOUNCIL ACTION
Date: 2/24/92 Item No. 92-138
Item/Subject:
Authorize the City Manager to execute a lease agreement with
International Paper Co. for Building #272 at 39 Florida Ave. in
the Bangor International Airport Complex.
Responsible Department: Community and economic Development
Commentary:
International Paper Co. wishes to extend their lease of Building
#272, but to decrease the space to 648 sq. ft. (about 258 of the
building's usable area) of office space and the garage and
greenhouse areae, Including the use of the building's conference
room, restrocin and kitchen.
Staff and International Paper have negotiated the following lease
rate and conditions:
Texas One year from February 1, 1992 - January 31, 1993.
Rate:
a. $317.00 per month.
b. A utility charge equal to 100% of the cost of utilities,
except fuel oil which will be supplied by International
Paper, until space is leased to another tenant. At that time
the utility charge will be amended to reflect actual usage by
each respective tenant.
Premises:
a. 648 sq. ft. of office apace.
b. The garage and greenhouse areas.
C. Shared use of the building's restroom and kitchen with other
tenants.
d. Shared use of the building's conference mom with other
tenants.
eRight to use the driveway separating Building #272 and
Building 5270 jointly with the occupant of Building 5270 and
any other occupants of Building #272. Use of up to 50% of
the parking area in front of Building 5272.
Utilities: The City will assume the cost of all utilities,
except fuel oil. The utilities will be rebilled to the tenants
through the utility charge described above.
Page 1 of 2
92-138
Maintenance: International Paper will assume the coat of all
maintenance, including all interior and exterior portions of the
building, building fixtures, equipment, operating systems,
foundation, roof and structure, doors, windows, passageways,
interior and exterior surfaces, parking areas, grounds and
landscaping. maintenance for the interior areas
will be shared
if a portion of the building is rented to othertenants.
Insurance: Provide comprehensive public and property damage
liability insurance to limits of $300,000 per each occurrence.
Backaround
International Paper's current lease began in February 1983 ata
rate of $600.00 per month for the entire building and surrounding
land. Aa part of the agreement, International Paper w allowed
to build and operate a greenhouse on the property; assumed the
coat of all utilities; assumed the coat of all maintenance,
Including all interior and exterior portions of the building,
grounds and landscaping; and provided public and property damage
liability insurance. From February 1989 to January 1992 the
basic lease rate was $735 per month.
Recommendation
The BanAir Corp. recommends approval of this lease under the
terms and conditions outlined above. . n
— Bepartmeht Read
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Associated Information:C7
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Budget Approval:
Finance Director
legal Approval:
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City solicitor
Introduced For
% Passage
_First Reading
Page 2 of 2
Referral
92-138
Aedped to Consular Blanchette February 24,1992
CITY OF BANGOR
(TITLE.) VIYCDPC Th City Manager authorized and directed to
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execute a lease agreement with International Paper Co.
By W C4 CavzM2 of Be MY OfBaxpor:
ORDERED,
TEAT
the City Manager is hereby authorized and directed, on
behalf of the City of Bangor, to execute a lease agreenant with
International Paper Co. for Building #272 at 39 Florida Avenue
in the Bangor International Airport Complex.
In City council February 24.1992
Passed
City Clerk
92-138
0RRER
Title,
. ThP. Goy. 9AFp P. FP. APOP;W0. Apd...
directed to execute
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a lease aeement
wltb International
Paper Co.
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Assigned to
Councilman
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