HomeMy WebLinkAbout2018-10-10 18-368 Order
10/10/201818-368
10/10/2018
18-368
Airport
Order
001-001
Title, Order
Authorizing the City Manager to Execute a Lease Agreement Between the City of Bangor and T&T Capital Inc.
for the Rental of Bay #3 Within Hangar #123 at Bangor International Airport (BGR).
This Order authorizes a lease agreement between the City of Bangor and T&T Capital Inc. for the
rental of Bay # 3 within Hangar #123, located at Bangor International Airport. Telford Allen,
President and Owner of T&T Capital desires to continuing leasing this hangar space and keep his
aircraft based in Bangor.
If approved, the base rent for the lease will be $2,065 per month including utilities. The term of the
lease is for one (1) year, with two (2) one-year options for extensions adjusted annually based on
the CPI, which shall not exceed 2.5% each year. This lease agreement has been reviewed and
approved by City Legal.
Airport Committee
10/01/2018
Recommend for passage
50
Staff recommends approval.
Consent
10/10/201818-368
CITY OF BANGOR ORDER
10/10/2018
18-368
Nealley
Authorizing the City Manager to Execute a Lease Agreement Between the City of Bangor and T&T Capital Inc.
for the Rental of Bay #3 Within Hangar #123 at Bangor International Airport (BGR).
WHEREAS, the City of Bangor, Maine is the owner of an airport located in Bangor, County of Penobscot, State
of Maine, commonly known as Bangor International Airport; and
WHEREAS, T&T Capital has an aircraft currently based at BGR, and they desire to lease hangar space in order
to keep their base of operation in Bangor; and
WHEREAS, the City and T&T Capital wish to enter into a lease agreement outlining the terms and conditions
for the rental of Bay # 3, within Hangar #123, located at BGR; and
WHEREAS, this leased space will be used exclusively for the aeronautical purposes of T&T Capital.
NOW, THEREFORE, BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF
BANGOR,
That Catherine M. Conlow, City Manager, is hereby authorized on behalf of the City of Bangor to execute the
lease agreement with T&T Capital for the rental of Bay # 3, within Hangar #123 at Bangor International
Airport. Said lease agreement will run for one year, with two one-year extensions if neither party objects. The
base rent for the lease will be $2,065 per month including utility costs, adjusted annually based on the CPI.
The lease agreement shall be in final form as approved by the City Legal.
IN CITYCCOUNiCIL
OCTOBER 10, 2018
CO 18-368
PASSED
CITY CLERK