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HomeMy WebLinkAbout2019-08-26 19-321 Order 08/26/201919-321 08/26/2019 19-321 Community & Economic Development Order 001-269 Title, Order Authorizing an Amendment to the Indenture of Lease with Stillwater Enterprises, Inc. – 108 Florida Avenue Map 001 - Lot 269 Stillwater Enterprises, Inc. has exercised its option to extend its lease of land and building at 108 Florida Ave. for one (1) year. Stillwater Enterprises, Inc. has agreed to a rate of $1,610 per month. Stillwater Enterprises, Inc. will be responsible for all utilities. All other terms and conditions of the lease agreement will remain unchanged. Stillwater Enterprises, Inc. is a custom metal fabrication business that has been a tenant since 2007. They manufacture special orders for general contractors and architects from sheet, solid or tubular stock metal. They also create custom products such as tidal energy structures, stair railings, elevator ladders, security doors, wheel chair ramps and fire escapes. This amendment has been reviewed with the Airport Dept., and staff recommends its approval under the terms and conditions outlined above. Business & Economic Development Committee 08/20/2019 Recommend for passage Consent 08/26/201919-321 CITY OF BANGOR ORDER 08/26/2019 19-321 Tremble Authorizing an Amendment to the Indenture of Lease with Stillwater Enterprises, Inc. – 108 Florida Avenue Map 001 - Lot 269 WHEREAS, the City of Bangor is the owner of Building #269, 108 Florida Avenue in the Bangor International Airport Complex; and WHEREAS, Stillwater Enterprises, Inc. has been a tenant at Building #269, 108 Florida Avenue since 2007; and WHEREAS, Stillwater Enterprises, Inc. has exercised its option to extend its lease for one (1) year: Be it Ordered by the City Council of the City of Bangor that, The City Manager is hereby authorized to execute, on behalf of the City of Bangor, an Amendment to the Indenture of Lease between the City of Bangor and Stillwater Enterprises, Inc. with a term of one (1) year at a lease rate of $1,610 per month in a form approved by the City Solicitor or the Assistant City Solicitor. IN CITY COUNCIL AUGUST 26, 2019 CO 19-321 PASSED lk—, )Jz��az- � CIT CLE