HomeMy WebLinkAbout2018-10-10 18-367 Order
10/10/201818-367
10/10/2018
18-367
Community & Economic Development
Order
101-008
Title, Order
Authorizing an Amendment to Indenture of Lease and Establishing the lease rate with Stephen and Jane Arey,
for land at 395 Griffin Rd. - Spectacular Events Center, (Map 101 Lot 008).
This order will authorize an amendment to a lease with Stephen and Jane Arey for property located
at 395 Griffin Road, currently known as Spectacular Events Center. The proposed term of the lease
is for the period of December 1, 2017 to November 30, 2022. If approved, the amendment
establishes lease rate increases over the next five (5) years, eventually reaching $26,500 as
prescribed by a recent appraisal. This increase is consistent with direction provided by members of
the Business and Economic Development Committee.
Business & Economic Development Committee
10/02/2018
Recommend for passage
50
Consent
10/10/201818-367
CITY OF BANGOR ORDER
10/10/2018
18-367
Davitt
Authorizing an Amendment to Indenture of Lease and Establishing the lease rate with Stephen and Jane Arey,
for land at 395 Griffin Rd. - Spectacular Events Center, (Map 101 Lot 008).
WHEREAS, the City of Bangor is the owner of certain real property situated at 395 Griffin Road, Bangor,
Penobscot County, Maine (the “Premises”); and
WHEREAS, the City of Bangor leased the Premises to Kathy Harvey d/b/a Kathy’s Catering pursuant to the
terms of a lease dated December 15, 1997; and
WHEREAS, the lease was assigned to Stephen P. Arey, Sr. and Jane E. Arey dated November 24, 1999 and
recorded in Book 7243, Page 105 of the Penobscot County Registry of Deeds:
Be it Ordered by the City Council of the City of Bangor that,
the City Manager is authorized to execute an amendment to the Indenture of Lease between the City of
Bangor and Stephen P. Arey, Sr. and Jane E. Arey that establishes the lease rate for the period of December
1, 2017 to November 30, 2022 in a form approved by the City Solicitor or Assistant City Solicitor.
IN CITY COUNCIL
OCTOBER 10, 2018
CO 18-367
PASSED
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CITY CLERK •