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HomeMy WebLinkAbout1991-04-08 91-156 ORDERCOUNCIL ACTION 91-156 em Na. Date April 3. 1991 Item/Subject: Authorizing the execution of a lease with Penton Hill American Limited for the concession and floor space to operate a duty free gift shop in the Domestic Terminal at Bangor International Airport. Department: Community and Economic Development Fenton Hill American Limited has been negotiating with Staff regarding a lease for 700 s.f. of apace in the Airport Domestic Terminal to operate a duty free gift shop. Fenton Hill American Limited currently leasee space in the Domestic Terminal to operate a duty free shop and invested $75,000 in 1990 to remodel the area. The Duty Free Shop offers passengers from outside the United States the opportunity to - purchase a variety of items on a tax-free basis. The term is for five (5) years or until 1996 with an option to extend the lease for another three (3) years. The lease includes heat, electricity, and water. Fenton Hill American Limited is responsible for sewer and telephone chargee. f partmen Head Manager's comments! .y Manager Associated Informational Budget Approvals (t! Finance Director Legal Approvalt 64•0r 4y a4�, •� city Solicitor Introduced For -4Passage _first Heading Page _ of _ Referral 91-156 Asidsed to Commador Soenaud, April B, 1991 CITY OF BANGOR (TML) 4orber Autho izing the City Manage, to execate_a j,ease__. with Fenton Hill American Limited By the city Caesa(f of 04 City of Raster ORDERED, MT the City Manager is hereby authorized and directed, on behalf of the City of Bangor, to axecute a lease, a copy of which is n file in the office of the City Clerk, with Fenton Mill -American Limited for the concession and floor apace to operate a Duty Free Gift Shop in the Domestic Terminal at Bangor International Airport. In City Council April 8, 1991 P d �P City Clerk 91-156 0 R n E R Title, Authorizing the City Manager to Execute e lease Mth PEnton Hill American limited ...................................... '^A` �.p Aroigned b V W Councilman