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HomeMy WebLinkAbout2016-09-12 16-347 OrderCOUNCIL ACTION Item No. 16-347 Date: September 12, 2016 Item/Subject: Order, Authorizing Lease Agreement with Tilton Flying Service LLC for a parcel of City -owned land located at Bangor International Airport. Responsible Department: Airport Commentary: This Order will authorize the execution of a lease agreement with Tilton Flying Service LLC. Kevin Tilton of Tilton Flying Service LLC has approached the Airport about leasing a parcel of City -owned land located at Bangor International Airport for the purpose of constructing an aircraft hangar. If approved, the terms of the lease will include a lease payment of $2,160 annually for a 10 year initial term with (3) additional 10 year renewal options. The annual lease rate will be adjusted each year based on CPI. The hangar will comply with all applicable Code regulations and all building specifications will be approved by the City. The lease will be in a final form as approved by the City Solicitor or Assistant City Solicitor. This item is to be reviewed in a pre -council workshop on September 12, 2016. Manager's Comments: Associated Information: Budget Approval: Legal Approval: Introduced for x Passage First Reading Referral Tony Caruso Department Head 0,,s m City Manager Finance Director �womoozffal Page 1 of 1 16-347 SEPTEMBER 12, 2016 Assigned to Councilor Baldacci t �y CITY OF BANGOR \9 '4 �RgTED�fE�,'L'% (TITLE.) ORDER, Authorizing Lease Agreement with Tilton Flying Service LLC for a parcel of City -owned Land Located at Bangor International Airport WHEREAS, the City of Bangor supports new investment and development and the creation of an additional hangar at Bangor International Airport; and WHEREAS, a City -owned parcel located adjacent to taxiway Y is currently undeveloped and available for lease; and WHEREAS, Tilton Flying Service LLC wishes to lease this parcel for the purpose of constructing an aircraft hangar. By the aty Counal of the City ofBangw. ORDERED, That Catherine M. Conlow, City Manager, is hereby authorized to enter into a Lease Agreement with Tilton Flying Service LLC. The terms of the lease shall include an annual lease payment of $2,160 for an initial 10 year term, three (3) options to renew for ten (10) years with rent increases for each renewal, a requirement that Tilton Flying Service LLC' construct an aircraft hangar and such terms and conditions considered appropriate by the Airport Director and City Solicitor or Assistant City Solicitor; and in a final form approved by the City Solicitor or Assistant City Solicitor. IN CITY COUNCIL SEPTEMBER 12, 2016 CO 16-347 MOTION MADE AND SECONDED FOR PASSAGE PASSED CITY CLERK