HomeMy WebLinkAbout2012-11-14 13-011 RESOLVE COUNCIL ACTION
Item No. 13-011
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Date: November 14, 2012
Item/Subject: RESOLVE, Ratifing Execution of a Lease Assignment By and Between the City
of Bangor and Camden National Bank
Responsible Department: Legal
Commentary:
The City of Bangor has leased a small parking lot to UnitedKingfield Bank located at 145
Exchange Street on September 20, 2004, which abuts bank property. The lease expires in 2014.
Camden National Bank, successor to UnitedKingfield Bank by merger, wishes to assign the lease
to The First, a bank that is purchasing the Exchange Street property. The lease requires the
City's consent before assignment, but provides that the consent shall not be unreasonably
withheld. Because the closing on the transaction was held the week of October 22, 2012 the
City Manager executed the consent to assignment.
This Resolve, if approved will ratify the City Manager's actions.
Department Head
Manager's Comments:
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City Manager
Associated Information:
Budget Approval:
Finance Director
Legal Approval:
ity Solicitor
Introduced for
Passage
First Reading Page_of_
Referral
13-011
NOVEMBER 14,2012
. Assigned to Councilor Gallant
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CITY OF BANGOR
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(TITLE.) Resolve, Ratification of Execution of a Lease Assignment By and Between the City of
Bangor and Camden National Bank.
BY THE CITY COUNCIL OF THE CITY OF BANGOR:
BE IT RESOLVED,
The actions of Catherine M. Conlow, City Manager, of executing and delivering a Lease Assignment
between the City of Bangor and Camden National Bank are hereby ratified and affirmed.
IN CITY COUNCIL
November 14, 2012
Approved
Cl ikkewit CJ ddY•ei./0
DEPUTY CITY CLER