HomeMy WebLinkAbout2016-09-12 16-348 OrderCOUNCIL ACTION
Item No. 16-348
Date: September 12, 2016
Item/Subject: Order, Authorizing Execution of Agreement with C&L Aerospace Holdings
LLC - Bangor International Airport
Responsible Department: Legal
Commentary:
C&L Aerospace Holdings, LLC wishes to have renovations to the premises it leases from the City of
Bangor to include a commercial aircraft refurbishment and painting facility. The cost of this is
estimated to be $2,486,008, and C&L Aerospace Holdings, LLC requested assistance from the City to
obtain an Economic Development Administration grant for one-half the project cost. The City applied
for and received an Economic Development Administration grant in the amount of $1,243,004 for the
aforementioned Project. The grant requires that the City match the grant amount of $1,243,004.
The City has agreed to fund $310,000 of the required matching funds for specific parts of the Project
and C&L has agreed to fund the balance of the matching funds for the Project.
This Order, if approved will authorize the execution of an agreement between the City and C&L for
the payment of these renovations and improvements.
Department Head
Manager's Comments:
City Manager
Associated Information:
Budget Approval:
Finance Director
Legal Approval:
ity §blicitor
Introduced for
x Passage
First Reading Page 1 of 1
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16-348
SEPTEMBER 12, 2016
Assigned to Councilor Perry
CITY OF BANGOR
(TITLE.) ORDER, Authorizing Execution of Agreement with C&L Aerospace Holdings LLC -
Bangor International Airport
WHEREAS, C&L Aerospace Holdings, LLC wishes to have renovations to the premises it
leases from the City of Bangor to include a commercial aircraft refurbishment and painting
facility; and
WHEREAS, the cost of this is estimated to be $2,486,008, and C&L Aerospace
Holdings, LLC requested assistance from the City to obtain an Economic Development
Administration grant for one-half the project cost; and
WHEREAS, the City applied for and received an Economic Development Administration
grant in the amount of $1,243,004 for the aforementioned Project; and
WHEREAS, the EDA grant required that the City match the grant amount of
$1,243,004; and
WHEREAS, the City has agreed to fund $310,000 of the required matching funds for
specific parts of the Project and C&L has agreed to fund the balance of the matching funds for
the Project.
By the City Council of ffie City ofBan w.
ORDERED,
That Catherine M. Conlow, City Manager, is hereby authorized to execute an Agreement with
C&L Aerospace Holdings, LL for payment from C&L of matching funds for an Economic
Development Administration grant received by the City. Said agreement provides for payment
in advance by C&L for each phase of construction and such other terms as appropriate. Said
agreement shall be in a final form approved by the City Solicitor,
IN CITY COUNCIL
SEPTEMBER 12, 2016
CO 16-348
MOTION MADE AND SECONDED FOR PASSAGE
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CITY CLERK