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HomeMy WebLinkAbout2012-11-14 13-017 ORDER COUNCIL ACTION Item No, 13 0:17 Date: November 14, 2012 Item/Subject: Order, Authorizing the Execution of Documents with C & L Aerospace Holdings, LLC for Lease of Property at Bangor International Airport Responsible Department: Legal Commentary: In 2010 C & L Aerospace Holdings, LLC leased buildings and land from the City of Bangor at Bangor International Airport in Area 600 off the Odlin Road. The company has plans to expand its services to include an aircraft paint facility. The City has secured preliminary approval from the United States Department of Commerce Economic Development Administration for a grant to fund one-half of the proposed aircraft paint facility. As a result of the planned expansion C & L Aerospace Holdings, LLC, desires to enter into a long-term lease for the buildings. The company also wants to enter into a long-term lease with the City of Bangor for two hangars near Polk Street. Finally, the company needs additional office space. This will be provided through the construction of an office building at Bangor International Airport from the City of Bangor that C & L Aerospace Holdings, LLC will lease. The office building to be constructed will be at the same location as the two hangars to be leased. This Order, if approved, will authorize the execution of documents necessary for the lease of these buildings and land at Bangor International Airport and the construction of an office building by the City to also be leased. The lease of the buildings off the Odlin Road will provide for, among other terms and conditions, a term of fifteen years, with an option to renew. The lease of the two hangars and office building to be constructed will provide for, among other terms and conditions, a term of thirteen years with an option to renew. The office building to be constructed shall be approximately 14,300 square feet (approximately 9,675 square feet of finished office space and 4,625 square feet of unfinished shop space). Department Head • Manager's Comments: 91') CAS1-129- City Manager Associated Information: Budget Approval: Finance Director pp Legal Approval: 9 f Ci Solicitor Introduced for 13-017 NOVEMBER 14,2012 Assigned to Councilor Sprague /9 CITY OF BANGOR ` te ti �4•r�ff�r�� (TITLE.) ORDER, Authorizing the Execution of Documents with C&L Aerospace Holdings, LLC for Lease of Property at Bangor International Airport WHEREAS, in 2010 C&L Aerospace Holdings, LLC leased buildings and land from the City of Bangor at Bangor International Airport in Area 600, so-called; and WHEREAS, C& L Aerospace Holdings, LLC has plans to expand its services to include an aircraft paint facility; and WHEREAS, the City of Bangor has secured preliminary approval from the United States Department of Commerce Economic Development Administration for a grant to fund one-half of the proposed aircraft paint facility; and WHEREAS, as a result of the planned expansion C&L Aerospace Holdings, LLC, desires to enter into a long-term lease for the buildings and, further, desires to enter into a long-term lease with the City of Bangor for additional hangar space; and WHEREAS, C &L Aerospace Holdings, LLC desires to lease additional office space to be constructed at Bangor International Airport from the City of Bangor. By the City Council of the City of Bangor ORDERED, That Catherine M. Conlow, City Manager, is hereby authorized, on behalf.of the City of Bangor to execute any and all documents necessary for the lease of land and buildings at Bangor International Airport in Area 600, so-called, to C&L Aerospace Holdings, LLC. Said documents shall include a lease which shall provide for, among other terms and conditions, a term of fifteen years, with an option to renew for an additional five years for approximately 40,000 square feet. All documents shall be in a final form as approved by the City Solicitor or the Assistant City Solicitor. BE IT FURTHER ORDERED That Catherine M. Conlow, City Manager, is hereby authorized, on behalf of the City of Bangor to execute any and all documents necessary for a lease to C&L Aerospace Holdings, LLC of two hangars between Polk Street and Godfrey Boulevard (hangars 11 and 13) and an office building to be constructed by the City of Bangor that will connect the two hangars. Said documents shall include a lease which shall provide for, among other terms and conditions, a term of thirteen years after construction of the office building with an option to renew for a period to be consistent with the total term of years of the lease of Area 600, so-called; lease of 13-017 NOVEMBER 14,2012 hangar 11 of approximately 38,191 square feet with improvements; hangar 13 of approximately 25,480 square feet with improvements; and an office building consisting of approximately 14,300 square feet(approximately 9,675 square feet of finished office space and 4,625 square feet of unfinished shop space). All documents shall be in a final form as approved by the City Solicitor or the Assistant City Solicitor. IN CITY COUNCIL November 14, 2012 Motion made and seconded for Passage Passed DE1� ii da.V.e.40 PIITY CITY CLER