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HomeMy WebLinkAbout2012-12-10 13-041 ORDERCOUNCIL ACTION Item No. 13-041 Date: December 10, 2012 Item/Subject: Order, Authorizing Lease Agreement with Bangor Gas for a 5 acre parcel of City -owned land Responsible Department: Community and Economic Development Commentary: Bangor Gas wishes to lease a 5 acre parcel on the corner of Maine Avenue and Godfrey Boulevard for the purpose of constructing a compressed natural gas fueling station. This order authorizes a lease agreement with Bangor Gas whereby the City would lease this 5 acre parcel to Bangor Gas at a rate of $26,000 annually for a five year initial term with a five year renewal option. The lease will be in a final form as approved by the Director of Community and Economic Development and the City Solicitor or Assistant City Solicitor. This item was approved at the December 4th meeting of the Business & Economic Development Committee. Manager's Comments: Associated Information: Budget Approval: Legal Approval: Introduced for Passage First Reading Referral Department Head Page _ of _ City Manager Finance Director City Solicitor 13-041 DECEMBER 10, 2012 Assigned to Councilor Civiello CITY OF BANGOR (TITLE.) Order, Authorizing Lease Agreement with Bangor Gas for a 5 acre parcel of City -owned land. WHEREAS, the City of Bangor supports new investment and the creation of additional investment within the City; and WHEREAS, a City -owned parcel on the corner of Maine Avenue and Godfrey Boulevard is currently undeveloped and available for lease; and WHEREAS, Bangor Gas wishes to lease this parcel for the purpose of constructing a compressed natural gas fueling station in Bangor; BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT The City Manager is hereby authorized to enter into a Lease Agreement with Bangor Gas, on or before January 1, 2013, under such terms and conditions considered appropriate by the Director of Community and Economic Development and City Solicitor or Assistant City Solicitor; and in a final form approved by the City Solicitor or Assistant City Solicitor; wherein the City of Bangor agrees to lease a 5 acre parcel of land at the corner of Maine Avenue and Godfrey Boulevard to Bangor Gas in exchange for an annual lease payment of $26,000 for an initial five year term with a five year renewal, and Bangor Gas shall construct a CNG fueling station on the lot for the expansion of their services in Bangor. IN CITY COUNCIL December 10, 2012 Motion made and seconded for Passage Pas d CITY OEERK