Loading...
HomeMy WebLinkAbout1991-04-08 91-154 ORDERCOUNCIL ACTION 91-154 Item No. Date April 3. 1991 Item/Subject: Authorizing the execution of a lease with Fenton Hill American Limited for 1300 s.f. of warehouse space in Building 492 at Banger international Airport. Department: Comity and economic Development Commentary: Fenton Hill American Limited has been negotiating with Staff regarding a lease for 1300 s.f. of warehouse space in Building 492 at Bangor International Airport. Fenton Hill American Limited currently leases space in the Domestic Terminal to operate ^Duty Free" and -America to Fm^ gift shops. The warehouse would store bonded products sold in the two shops. The lease rate if $5278 annually or $4.06 per s.f. The term is for two (2) years or until 1993. The lease includes heat and electricity and $540 annually will be paid to the tenant sharing the building (Bangor Air. Freight) as reimbuneement. for utility charges. >',Mspartmedt Head — Manager's Comuente:—1 , , Associated Information: Finance Director Legal Approval: S•� � ti{l� !� ity Solicit Introduced For CvWrT Passage _First Reading page _ of Referral 91-156 Aetipadb C or Frankel, April 8. 1991 CITY OF BANGOR (TITLE.) @iilerI kuthorilzingthe_City aknag¢r. to execute. a. . lease _... By 04 CoaasU of MY MBanpm: ORDERED, THAT the City Manager is hereby authorized and directad.� n behalf of the City of Bangor, toexecute a lease, a copy of which is on file in the office of the City Clerk, with Penton Hill American Limited for 1300-s.f. of warehouse space in Building B92 at Bangor International Airport. In City Council April 8,1991 Passed Ci Clerk i. r 91-154 ORDER Title, Authorising the City Manager to B Oute e }gaga wtth, FeM.on Hill American Limited ...................................... . ukt 6l. * ..... . .. ...... Councilman