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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