HomeMy WebLinkAbout1989-03-27 89-149 ORDERCouncil Acion
1p/
' Dare 3-27-89
l:em@o. Jve
Suspension of the
Rules
Item/Subject: Authorizing Execution of Lease
Agreement/Bangor Savings
Bank
Repomible De penment. Legal
commentary:
The purpose Of this Order is to finally
authorize the Lease
with Bangor Savings Bank. It has been approved in principle
by the Enterprise Operations Committee and
the Economic
Development Director..
Ff
hvanager s Commend:
"
Ci:Y Af.=.5n
Abociated Information:
Budget Approval:
—711,19 --roor
Legal Approval:
city So/..tar
Introduced For
Operate
First
per ate
First Reading Page of
❑Referral
89-149 aq,
?
aeigned,uCouncgTilley T /at0
CITY OF BANGOR
(TITLE.) (Drber, Auth,p zing execup
By tha My Council efiU GYN ofBanaor.
ORDERED,
TMT the City Manager is hereby authorized and directed, on
behalf of the City of Bangor, to execute a Lease Agreement with
the Bangor Savings Bank, for the lease of an L-shaped parcel of
land located adjacent to its proposed new branch bank on Hammond
Street; said lease to be in a form approved by the City Solicitor.
ID City'27.1999 tg-149
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PFQ 'vnh"t Miller city Solicitnr
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Several months ago the futerpvise Operations camnittee
approved a lease-agceenentg in principle, with the Bargor Savings Hank.
Since that time, there have been negotiations between representatives of the
parties relative to sane of the details of the agreemnt. 'fie arrangenent
became sanewhat conplicatel because of a roadway which ultimately may haeme
an entrance to a crurearocial subdivision or office park to the rear of the
subject prenises. In the meantime, the roadway will be used by the Bank for
access purposes.
'fie Bank owns a parcel of land previously owner by United
Property Investments. The building has been moved across the street and
will he occupied by the ped Cross. The city is leasing an Fshaped parcel
W the Eank.
Its Sank isanxious to get the project moving. If the
mels els canfortablewith it, we request that action be taken under
suspension of the rules to approve execution of the lease this eveniag.
A.E.H.
a
cc: idward Barrette
Edward Mcpess
peter O'FS[ico