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HomeMy WebLinkAbout2019-09-23 19-373 Order 09/23/201919-373 09/23/2019 19-373 Community & Economic Development Order 001-272 Title, Order Authorizing a Lease Agreement with Hannaford Bros. Co., LLC at 39 Florida Ave., Bangor This Order authorizes a lease of office space at 39 Florida Ave., Bangor with Hannaford Bros. Co., LLC for three (3) years with two (2) options periods of three (3) years each. Hannaford Bros. Co., LLC 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. All other terms and conditions of the agreement will remain the same. The City of Bangor provides utilities and maintenance of the building. Each year, the rental rate is adjusted based on the cost of utilities furnished to Hannaford Bros. Co., LLC capped at a 10% increase annually. Business & Economic Development Committee 07/15/2019 Recommend for passage Consent 09/23/201919-373 CITY OF BANGOR ORDER 09/23/2019 19-373 Tremble Authorizing a Lease Agreement with Hannaford Bros. Co., LLC at 39 Florida Ave., Bangor WHEREAS, the Hannaford Bros. Co., LLC has leased office space at 39 Florida Ave. from the City of Bangor since 2008; and WHEREAS, the Hannaford Bros. Co., LLC wishes to extend the Lease Agreement; 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 a Lease Agreement between the City of Bangor and Hannaford Bros. Co., LLC for office space at 39 Florida Ave. with a term of three (3) years, to July 31, 2022, with two (2) options periods of three (3) years each and a lease rate of $32,664 annually during the first three (3) years. All other terms and conditions of the current agreement will remain unchanged. Said lease amendment will be in a form approved by the City Solicitor or Assistant City Solicitor. IN CITY COUNCIL SEPTEMBER 23,2019 CO 19-373 PASSED (J,&, CI Y LERK