HomeMy WebLinkAbout2020-12-28 21-053 Order
12/28/202021-053
12/28/2020
21-053
Community & Economic Development
Order
001-269
Title, Order
Extending the Lease Agreement with Stillwater Enterprises, Inc.
This order will authorize a lease extension with Stillwater Enterprises, Inc. for Building #269, located
at 108 Florida Avenue in the Bangor International Airport Complex. Stillwater Enterprises is a
custom metal fabrication business that has been a tenant of since 2007.
If approved, the Tenant agrees to pay a rent of $1,637 per month for three years, from September
1, 2020 to August 31, 2023 with two (2) options to extend the agreement for additional three-year
terms. Additionally, Stillwater Enterprises, Inc. will receive a credit of $20,895.94 to be applied
against lease payments for reimbursement of improvements to the building such as window infill and
insulation.
Business & Economic Development Committee
11/17/2020
Recommend for passage
50
Consent
12/28/202021-053
CITY OF BANGOR ORDER
12/28/2020
21-053
Davitt
Extending the Lease Agreement with Stillwater Enterprises, Inc.
WHEREAS, Lessor is the owner of Building #269, 108 Florida Avenue in the Bangor International Airport
Complex; and
WHEREAS, by Indenture of Lease dated July 30, 2007, amended July 27, 2011, August 1, 2012, April 4, 2014,
November 15, 2016 and July 31, 2019 the parties agreed to the lease by the Lessor of the building and land
at 108 Florida Ave. to operate and maintain a custom metal fabrication business; and
WHEREAS, the parties wish to extend the term of said Indenture of Lease for three (3) years;
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 Indenture of Lease between the City of Bangor and Stillwater
Enterprises, Inc. with a term of three (3) years at a lease rate of $1,637 per month in a form approved by the
City Solicitor or the Assistant City Solicitor.
DECEMBER 28,2020
CO 21-053
Motion made and seconded for Passage of Consent Agenda.
Vote: 9—0
Councilors Voting Yes: Davitt,Dubay,Fournier, Hawes,Nichols, Okafor, Schaefer, Sprague, Tremble
Councilors Voting No: None
Passed
CITY'CI:EIW