HomeMy WebLinkAbout2019-03-25 19-121 Order
03/25/201919-121
03/25/2019
19-121
Community & Economic Development
Order
001-272
Title, Order
Authorizing an Indenture of Lease with Hannaford Bros. Co. LLC at 39 Florida Ave., Bangor
This Order authorizes a lease of office space at 39 Florida Ave. with Hannaford Bros. Co. for five (5)
years with two (2) option periods of three (3) years each. Hannaford Bros. Co. has leased office
space in the building at 39 Florida Ave. since 2008 for use as a regional office and training center.
The lease amount is $32,664 annually during the first three (3) years and $33,324 annually during
the next two years.
If the options are exercised on August 1, 2024 and August 1, 2027, the rental rate will be adjusted
to reflect the Lessor’s current cost of utilities capped at a 10% increase for each option period.
All other terms and conditions of the prior agreement will remain the same.
Business & Economic Development Committee
03/19/2019
Recommend for passage
Consent
03/25/201919-121
CITY OF BANGOR ORDER
03/25/2019
19-121
Graham
Authorizing an Indenture of Lease with Hannaford Bros. Co. LLC at 39 Florida Ave., Bangor
WHEREAS, the Hannaford Bros. Co. has leased office space at 39 Florida Ave. since 2008; and
WHEREAS, the Hannaford Bros. Co. requests to extend the lease for five (5) years:
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 Indenture of Lease
between the City of Bangor and Hannaford Bros. Co. LLC for eleven (11) office units at 39 Florida Ave. at the
rate of $32,664 annually during the first three years and $33,324 annually during the following two years, and
in a form approved by the City Solicitor or Assistant City Solicitor. All other terms and conditions of the
current agreement will remain unchanged.
IN CITY COUNCIL
MARCH 25, 2019
CO 19-121
PASSED
P•.
CITYCLERKS