HomeMy WebLinkAbout2018-06-11 18-236 Order
06/11/201818-236
06/11/2018
18-236
Community & Economic Development
Order
100-006
Title, Order
Consent to Sublease between R & B Properties, LLC and VERSUS Entertainment LLC at 366 Griffin Road (Map
100, Lot 006)
This order will authorize R & B Properties, LLC a consent to sublease a building at 366 Griffin Rd.,
Bangor (Lot No. 10, BIA Commercial / Industrial Park) to VERSUS Entertainment, which will use the
facility for a similar purpose.
R & B Properties, LLC recently purchased the building at 366 Griffin Rd. from USABFIT, LLC. The
lease of the land parcel with the City of Bangor runs through 2021 with three (3) additional options
of five (5) years each which could extend the lease through 2036. The sublease must be approved
by the City of Bangor.
A sublease will not relieve R & B Properties, LLC from any of the responsibilities or obligations of the
lease.
Finance Committee
06/04/2018
Recommend for passage
Staff recommends approval
Consent
06/11/201818-236
CITY OF BANGOR ORDER
06/11/2018
18-236
Nealley
Consent to Sublease between R & B Properties, LLC and VERSUS Entertainment LLC at 366 Griffin Road (Map
100, Lot 006)
WHEREAS, the City of Bangor is the owner of Lot 10 in the BIA Commercial / Industrial Park, 366 Griffin Road;
and
WHEREAS, by virtue of an Indenture of Lease dated October 8, 2015 USABFIT, LLC leased Lot 10 in the BIA
Commercial / Industrial Park from the City of Bangor; and
WHEREAS, USABFIT, LLC assigned the Indenture of Lease between the City of Bangor and USABFIT, LLC to
R & B Properties, LLC on March 28, 2018; and
WHEREAS, said Indenture of Lease provides that the tenant may not sublet any portion of the premises
without the express consent of the City of Bangor; and
WHEREAS, R & B Properties, LLC wishes to sublet the building to VERSUS Entertainment LLC:
Be it Ordered by the City Council of the City of Bangor that,
Catherine M. Conlow, City Manager, is hereby authorized to execute a Consent To Sublease to VERSUS
Entertainment LLC by R & B Properties, LLC for the building on Lot 10 in the BIA Commercial / Industrial Park.
Said Consent shall be in a final form as approved by the City Solicitor or Assistant City Solicitor.
IN CITY COUNCIL
JUNE 11, 2018
CO 18-236
PASSED
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CITY CLERK