HomeMy WebLinkAbout1987-06-08 87-216 ORDER87-216
Introduced by Councilor Tilley
CITY OF BANGOR
(TITLE.) (PrbE1 _A_ut_h_ g City,M g to,Ex ute Lease._ Agreements:
T'
Bangor International Airport - General Electric Company
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By Ite City Commit of Nm City of Banter.
ORDERED,
THAT John Flynn, City Manager, is hereby authorized and
directed, on behalf of the City of Bangor, to execute 2 lease
agreements, a form for which is on file in the office of the City
Clerk, providing for the lease of buildings Nos. 273, 466, 488
and 489, and land appurtenant thereto, to General Electric
Company] and be 1t further
ORDERED,
THAT said John Fly* is hereby authorized and directed,. on
behalf of the City of,Bangor, to execute all necessary documents,
in a form approved by'the City Solicitor, and to take all necessary
action to provide for an assignment of a. portion of said lease
rAlating to Building No. 488, together with adequate parking and
utility rights, to the Merrill Trust Company as security for a
loan between said Bank and Target Development Corporation for
an addition to said building together wish an assignment of
rentals for said building for a term not to exceed 6 years.
87-216
IN CITY COUNCIL O R D E R
June 8, 1987
Suspension of the Rules Title,
passed. Order passed.
Connell rules no conflict for ` Authorising City Manager to Execute Lease
Coun for Sawyer. ......................................
Agreements Bangor Interntional Airport
�Yl It ULE Cenral Electric Co.
Introduceden d filed by
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C.Cilman.