HomeMy WebLinkAbout2020-11-09 21-011 Order
11/09/202021-011
11/09/2020
21-011
Airport
Order
001-001
Title, Order
Authorizing the City Manager to Execute a 1st Amendment to the Lease Agreement Between the City of
Bangor and WNC Bangor Company LLC.
This Order authorizes a 1st amendment to the lease between the City of Bangor and WNC Bangor
Company LLC. WNC currently leases land and operates certain hotel premises at the airport known
as the Four Points by Sheraton. WNC is currently entering year 2 of a 20 year lease term. This
company is experiencing significant financial impacts due to the COVID-19 pandemic. Through this
amendment, the Parties mutually agree of a suspension of the annual ground rent totaling $84,000
for 2020. WNC shall repay the $84,000 in equal monthly installments of $1,750 per month for 48
months beginning in July 2021. In all other respects, the lease between the parties remains in full
force and effect. This lease amendment will be in final form as approved by City Legal.
Airport Committee
11/02/2020
Recommend for passage
40
Staff recommends approval.
Consent
11/09/202021-011
CITY OF BANGOR ORDER
11/09/2020
21-011
Hawes
Authorizing the City Manager to Execute a 1st Amendment to the Lease Agreement Between the City of
Bangor and WNC Bangor Company LLC.
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 “Lessor or Airport”); and
WHEREAS, WNC Bangor Company LLC. currently holds and operates certain premises at Bangor International
Airport known as the Four Points by Sheraton (the “Hotel or Lessee”) under provisions of certain agreement of
lease dated November 6, 2019; and
WHEREAS, WNC Bangor Company LLC. is experiencing significant financial impacts due to the COVID-19
pandemic; and
WHEREAS, WNC Bangor Company LLC. desires to make an adjustment to the payment of rent for the year of
2020.
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 1st
amendment to the Indenture of Lease of November 6, 2019 between the City of Bangor and WNC Bangor
Company LLC. The amendment shall include changes to Article III of the Lease whereby the Parties mutually
agree of a suspension of the annual ground rent totaling $84,000 for 2020. WNC Bangor Company LLC. shall
repay the $84,000 in equal monthly installments of $1,750 per month for 48 months beginning in July 2021.
This lease amendment will be in final form as approved by City Legal.
IN CITY COUNCIL
NOVEMBER 9,2020
CO 21-011
Motion made and seconded for Passage
Vote: 9—0
Councilors Voting Yes: Davitt,Dubay,Fournier,Hawes,Nichols, Okafor, Schaefer, Sprague,Tremble
Councilors Voting No: None
Passed
CITY C RK