HomeMy WebLinkAbout1991-05-13 91-194 ORDERCOUNCIL ACTION 91_196
Item No.
Date May 6, 1991
Item/Subject: Authorizing the City Manager to execute a "Agreement
and Consent of Landlord' acknowledging the assignment to
Casco Northern Bank of a lease between the City and
MEPSCO, Inc. for space in Building #271.
Departments Community and Economic Development
MEPSCO, Inc., am anufacturer of refrigeration equipment, t currently
leasing Building #269 from the City and space in Building #271 the
Enterprise Center, from BanMr Corporation. MEPSCO, Inc. is seeking a
line of credit from Casco Northern Bank and a loan from the City's
business loan fund. A condition of the financing is that the Lessor
for each lease agree to MEPSCO Inc. Is assignment of the lease to Casco
Northern Bank.
Associated Information: 0,
Finance Director
Legal Approval:
City Solibitur
x Passage
First Reading page I of —1
_—
Referral
Ami(ped to CounNor Bragg, May 13, 1991
CITY OF BANGOR
91-194
(TALE.) (®rber AuthogiZipg the City Banger to execute an "Agree
By Be My Caanait ott CRY ofBanpor:
'ORDERED,
TEAT the City Manager is hereby authorized and directed,
on behalf of the City of Bangor, to execute a "Agreement and
Consent of Landlord", acknowledging the assigtunent to Casco
Northern Bank of a lease between the City and MSPSCO, Inc. for
space in Building #271.
11-194
ORDER
In City Council May 13, 1991
Passed Title,
Authoriz
the City Monger to
IN C ��h+r� , en "AFrP"F . PFO. Co .a of landlord,
City Clerk 0
......................................
W Cowcilman