HomeMy WebLinkAbout2018-09-24 18-359 Order
09/24/201818-359
09/24/2018
18-359
Community & Economic Development
Order
N/A
Title, Order
Authorizing an Amendment to the Indenture of Lease with FGS/CMT, Inc. at 136 Florida Avenue – Map 001
Lot 097
FGS/CMT, Inc. wishes to extend the term of its lease agreement for use of Building #97 at 136
Maine Ave., Bangor. (Map 001 – Lot 097)
FGS/CMT, Inc. has been leasing Building #97 at 136 Maine Ave. since 1996 for use as professional
office. The current lease rate is $1,070 per month. FGS/CMT, Inc. has accepted the terms of this
proposed agreement.
The proposed amendment would make the following substantive changes to the lease agreement:
1. Extend the term for three (3) years
2. Increase the lease rate to $1,136 per month during the first year, $1,199 per month during the
second year and $1,266 per month during the third year.
Business & Economic Development Committee
09/18/2018
Recommend for passage
Consent
09/24/201818-359
CITY OF BANGOR ORDER
09/24/2018
18-359
Tremble
Authorizing an Amendment to the Indenture of Lease with FGS/CMT, Inc. at 136 Florida Avenue – Map 001
Lot 097
WHEREAS, the FGS/CMT, Inc. has leased office space in the building at 136 Maine Ave. from the City of
Bangor since 1996; and
WHEREAS, the FGS/CMT, Inc. has requested to extend the term of the lease agreement:
Be it Ordered by the City Council of the City of Bangor that,
the City Manager is hereby authorized, on behalf of the City of Bangor, to execute an Amendment to the
Indenture of Lease between the City of Bangor and FGS/CMT, Inc. for offices at 136 Maine Ave. in a form
approved by the City Solicitor or Assistant City Solicitor. The the term is extended for three (3) years at a
lease rate of $1,136 per month during the first year, $1,199 per month during the second year and $1,266 per
month during the third year.
IN CITY COUNCIL
SEPTEMBERc24, 2018
CO 18-359
PASSED
CITY CLERK