HomeMy WebLinkAbout2012-12-26 13-049 ORDERCOUNCIL ACTION
Item No. 13-049
Date: December 26, 2012
Item/Subject: ORDER, Authorizing a Lease with Ntension Corporation at 110
Hildreth St.
Responsible Department: Community and Economic Development
Commentary:
Ntension Corporation wishes to lease 9,000 sq. ft. of space in the City of Bangor's building at
110 Hildreth Street, Bangor. Ntension Corporation is a manufacturer of tension fabric structures
used primarily in exhibitions and trade shows.
The lease would be from December 27, 2012 until June 27, 2013 at a rate of $2,250 monthly.
Both parties are able to terminate the agreement with thirty (30) days written notice. Basic
utilities and maintenance will be provided by the City.
Staff recommends approval of the lease agreement under the terms and conditions outlined
above.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
X Passage
First Reading
Referral
Department Head
City Managel
Finance Director
Page _ of _
City Solicitor
13-049
DECEMBER 26, 2012
Assigned to Councilor Sprague
CITY OF BANGOR
(TITLE.) Order, Authorizing a Lease with Ntension Corporation at 110 Hildreth St.
WHEREAS, the City proposes to enter into an Indenture of Lease with the Ntension
Corporation:
NOW, THEREFORE BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR
THAT,
the City Manager is hereby authorized to enter into an Indenture of Lease with Ntension
Corporation to lease 9,000 sq. ft. of 110 Hildreth Street from December 27, 2012 until June 27,
2013 at a rate of $2,250 monthly. Both parties have the right to terminate the agreement with
thirty (30) days written notice. Basic utilities and maintenance will be provided by the City.
The lease agreement will be substantially with these terms and conditions, and in a final form
approved by the City Solicitor or Assistant City Solicitor.
IN CITY COUNCIL
December 26, 2012
assed
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CI CLERK