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HomeMy WebLinkAbout2020-09-14 20-298 Order 09/14/202020-298 09/14/2020 20-298 Airport Order 001-001 Title, Order Authorizing Execution of a First Amendment to the Lease Agreement with Bald Mountain, LLC. to Assign Lease to Nate Holyoke Builders, Inc. This Order will authorize the City Manager to execute a first lease amendment between the the City of Bangor and Bald Mountain, LLC. that allows a lease assignment to Nate Holyoke Builders, Inc. On July 24, 2020, the City received a request from Nate Holyoke to assign said lease from Bald Mountain to Nate Holyoke Builders. Nate Holyoke is the Owner and President of both companies and leases a hangar bay at the airport for storage of his aircraft. The current lease is in year 1 of a 5 year term, that includes a 5 year extension. All of the terms within the current lease will remain in full force and effect. This amendment shall be in final form as approved by City Legal. Airport Committee 09/08/2020 Recommend for passage Staff recommends approval. Consent 09/14/202020-298 CITY OF BANGOR ORDER 09/14/2020 20-298 Tremble Authorizing Execution of a First Amendment to the Lease Agreement with Bald Mountain, LLC. to Assign Lease to Nate Holyoke Builders, Inc. WHEREAS, the Lessor is the owner of an Airport, commonly known as “Bangor International Airport”, formerly known as Dow Air Force Base and located in the City of Bangor, County of Penobscot, State of Maine (hereinafter sometimes referred to as the “Airport”); and WHEREAS, the Lessee desires to and does lease from the Lessor certain facilities at said Airport for lease of a hangar to house its aircraft and conduct business, including use of office space; and WHEREAS, the City of Bangor and Bald Mountain, LLC are parties to an Indenture of Lease dated August 30, 2019 wherein Bald Mountain, LLC leases certain facilities from the City; and WHEREAS, Bald Mountain leases Bay #1 of Building 123 (also known as the Corporate Aviation Hangar) at the airport; and WHEREAS, Bald Mountain has requested that said lease be assigned to Nate Holyoke Builders, Inc.; and WHEREAS, per Article XXI – Assignment, Sale, & Subletting, this assignment may be agreed to with the consent of the City. NOW, THEREFORE, BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR, That Catherine M. Conlow, City Manager, is hereby authorized on behalf of the City of Bangor to execute a first amendment to the lease between the the City of Bangor and Bald Mountain to assign said lease to Nate Holyoke Builders, Inc. All of the terms within the current lease will remain in full force and effect. This amendment shall be in final form as approved by City Legal. IN CITY COUNCIL SEPTEMBER 14,2020 CO 20-2 91 Motion made and seconded for Passage of Cosent Agenda Vote: 8—0 Councilors Voting Yes: Fournier,Hawes,Nichols, Schaefer, Sprague, Supica, Tremble,Davitt Councilors Voting No: None Passed CIT CLE