Loading...
HomeMy WebLinkAbout1991-05-13 91-207 ORDERCOUNCIL ACTION 91-207 Item No. Date May 6, 1991 Item/Subject: Authorising the City Manager to execute an amendment to a lease with BanAir Corporation Department: Community and economic Development The amendment to the lease existing between the City and BanAir for Building #271 which houses the Foreign Trade Zone #58 and the Business Incubator would be amended as follows: A. The lease rate would change from 75 cents per square toot to 75 cents or 658 of gross rent, whichever is greater. B. It will define maintenance and repair responsibilities as follows: (a) BanAir - minor interior maintenance up to a $500 limit (b) Airport - major nalntenance C. 7t makes the Airport responsible for all utilities. Currently, the lease calls for Bansir to pay the airport 50 cents per square foot of occupied apace. i rtment tlea Manager's Connects a - g,wp R mai. City Manager Associated Information:.0j. Budget Approval: &YK Finance Director Legal Approval: SV) FAA City Solic for A passage _First Reading Page I of I Referral 91-20] Aeognedto Councilor Saxl, Nay 13, 1991 CITY OF BANGOR am 0rUr, AuthALSFbng the City .Manager to execute an amendment to1 with B Air Corpo tion. By Os Buy camsm Of Oft ofBamm., ORDERED, THAT the City Manager is hereby authorized and directed, n behalf of the City of Bangor, to execute an amendment to a lease, a copy of which is n file in the office of the City Clerk, with Bangor CivicAirport Development Corporation (BanAir) for Building 6271, Johnson and Florida Avenues, Bangor Inter- national Airport. In City Council May 13,1991 Passed as amented Amended by adding Sob,ject to FAA Approval ity2C M / 912% ORDER Title, Authorizing the City Mereger to Execute, an Amendment to a Lease with MWATR Cor oration ...................................... lam^ 4.U• Assigned to ... ..unci Councilman 91-207 FIRST THIS FIRST AMZNDMENT AMENDMENT TO TO INDENTURE OF LEASE INDENTURE OF LEASE, executed in duplicate, this day of, , 1991 by antl between: CITY OF BANGOR, a body politic and corporate duly organized and existing under and by virtue of the laws of the State of Maine, and having its principal offices at 73 Harlow Street, Bangor, Maine (hereinafter sometimes referred to as "Lessor") WR Bangor Airport Civic Development corporation (BANAIR), a body corporate, duly organized and existing under and by virtue of the laws of the State of Maine, and having a place of business at 73 Harlow St. in said Bangor, County of Penobscot, State of Maine (hereinafter sometimes referred to as ••Lessee^) W I T N H S S E T H: WHEREAS, the City of Bangor is the own of a airport commonly known as -Bangor International Airport'.owner known as Dow Air Force Base, and located in the City of Bangor, County of Penobscot, State of Maine (hereinafter sometimes referred to as the -Airport-); and WHEREAS, by Indenture of Lease, dated February, 1982, the parties agreed to lease by the Lessor Building #271 antl the land appurtenant thereto and other lands and facilities as described in Exhibit A of that Indenture to Lease; and WHEREAS, the parties hereto wish to amend said Indenture of Lease to amend: the rental rate, maintenance responsibilities, and utility compensation; NOW, THEREFORE, the parties do mutually agree that the Indenture to Lease dated February, 1982 be and hereby is amended as follows, -1- 1). Article III, paragraph (A) will be deleted and the following inserted in its place. ARTICLE III RENTAL (A) The basic rent for space to be paid by Lessee to Lessor during the tern of this lease shall be according to theme following schedule: Seventy-five cents pe: space in Building Y27. whichever 15 ssreater. including common use and $750 per acre ones described in Exhibit ; only on that building subleased or rented b, provided for, in this to foot annually for rentable totaling 18,686 square feet; or buildable lots as ,ided that rent shall be paid or those lots which are R to third carries, as d to axisting buildings as rental rates shall continue at which time they will be 'Lessor and BANAIR. 2). Article XI will be deleted and the following inserted in its place. ARTICLE X1 MAINTENANCE AND REPAIRS 3). Article XII, will he deleted and the following inserted in its place. -2- UTILITIES Lessor shall Pay the all utilities and consumed on the demised Premises, Including electricity. heat. water, and sever usen: fees. The following will be eliminated. To compensate such costa, Leasee shall pay Lessor fifty cents per square foot at an annual rate for all space that my from time to time be rented to a third party By Lessee, such special payment to cover the costa of heat, sewer, water and power except that in the case of heavy users, of power, water, etc. special arrangements for metering and payments to Lessor shall be made. This payment provision shall continue through December 31, 1983? at which time it will he renegotiated between Lessor and Lessee. IN WITNESS WHEREOF, the parties hereto have set their hands and seals the day and year written above. WITNESS: CITY OF BANGOR By, Its City Manager Bangor Airport Civic Development Corporation (BANAIR) By, Its Executive Manager SSD