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HomeMy WebLinkAbout1992-07-13 92-358 ORDER92-358 COUNCIL ACTION Date, 7/13/92 Item Na.: .Item/Subject, Authorizing the execution of a -Agreement and Consent of Landlord", acknowledging the assignment of a lease at Bangor International Airport to Chambers Leasing Co., Inc. and the approval of two subleases. Responsible Department, Community and economic Development Spillane Car Rental Co., Inc., which operates the National Car Rental franchise at Bangor International Airport, leases a parcel of land on Utah Ave. on which it built a building for the maintenance of its rental cars. Spillane Car Rental Co., Inc. has agreed to sell its building and transfer its land lease to Chambers Leasing Co., Inc., the Budget Rent-A-Car franchisee. yumthezwore, Chambers Leasing Co., Inc. requests approval for subleasing space in the Wilding to Maine Over Night Air express, Inc. and to Ralph Gilman, President of Spillane Car Rental Co., Inc. Spillane Car Rental Co., Inc. owes the City $10,139.45 as of June 12, 1992, for rents of the Utah Ave. land, airport terminal space, and ready parking lot space. The lease agreement between Spillane Car Rental Co., Inc. and the City of Bangor began in September, 1973 and continues through August, 1993 with an option to extend the lease for an additional ten years. The lease rate through 1993 is $1950.00 annually and must be renegotiated if the option is exercised. The lease states in Article XXI, Assignment and Subletting, that the premises cannot be sublet, assigned or the Lessee's interest transferred without the express written consent of the Lessor. The lease assignment was approved by the Community and Economic Development Committee at their meeting on. May 18, 1992. Staff recommends approval of the assignment and the subleases contingent upon the payment of the outstanding balance of rentals due the City by Spillane Car Rental Co., Inc. Depaftment Head Page 1 of 2 92-358 Manager's Comvnents: manager City Manager associated Information: Finance Director Legal App=oval: I will hour a commrn}-�7i-i 9 Y �"fiAri" �y5 ltpf P -e y/"/"s a City Solicitor bnnkroeky ryml,•an Ala /{{y- "e Introduced For SIn IIFnt IZp i r[/:/ /66i5 "eeh __Z_Paneage _First Reading Page 2 of 2 Referral 92-338 Aee Pp W ComNw Frankel, July 13, 1992 CITY OF BANGOR (flom) (jDIbgra Authorising the execution of an Agreement antl,, Consent of Landlord', acknowledging the assignment of a lease at Bangor International Airport to Chambers leasing Co., Inc. .......... and -.the-- Approval- of...twa-subleases. _. ..... _..._ By 04 Coal *f the OByaIBaegvr: ORDERED, THAT the City Manager is hereby authorized and directed, on behalf of the City of Bangor, to execute an 'Agreement and Consent of Landlord-, acknowledging the a sigimient to Chambers Leasing Co., Inc., of a lease between the City and Spillane Car Rental Co., Inc. for land at Bangor International Airport and the approval ofsubleasesbetween Chambers Leasing Co., Inc., and two tenants, Ralph Gilman and Maine Over Bight Air Express, Inc. Execution will be contingent upon the payment of the outstanding balance of rentals due the City by Spillane Car Rental Co., Inc. In City Council July 13,1992 Passed C ty Clei 92-358 0 R D I R Title, Auithoxiaing the Execution of a Agre Qpt. nud. S4R9Pflt,g�„1,�4dlo;d acknoeledging the assignment of a lease at Bangor International Airport .o ch-.. ......... to ch}}mrsle sing c. and the aPPi'�uC�u /nAL/nI��N As/sIipm to,, Councilman