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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 ............................ .......... _. _. ____. ............. 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 /��/ .... (, -- . ... C.Cilman.