HomeMy WebLinkAbout2021-05-10 21-171 Order
05/10/202121-171
05/10/2021
21-171
Airport
Order
001-001
Title, Order
Authorizing Execution of a Second Amendment to the Lease Agreement with Nate Holyoke Builders, Inc.
This Order will authorize the City Manager to execute a second lease amendment between the the
City of Bangor and Nate Holyoke Builders, Inc. If approved, the Airport and the tenant agree to
share the cost to epoxy the hangar floor, which will help protect and extend the useful life of the
hangar floor. The tenant has agreed to pay for the total improvement of $6000 up front. The City's
share, not to exceed $3000, will be paid through a lease credit of $1500 for two months. The
current lease is in year 2 of a 5 year term, that includes a 5 year extension. All of the terms within
the current lease will remain in full force and effect. This amendment shall be in final form as
approved by City Legal.
Airport Committee
05/03/2021
Recommend for passage
50
Staff recommends approval.
Consent
05/10/202121-171
CITY OF BANGOR ORDER
05/10/2021
21-171
Sprague
Authorizing Execution of a Second Amendment to the Lease Agreement with Nate Holyoke Builders, Inc.
WHEREAS, the Lessor is the owner of an Airport, commonly known as “Bangor International Airport”, formerly
known as Dow Air Force Base and located in the City of Bangor, County of Penobscot, State of Maine
(hereinafter sometimes referred to as the “Airport”); and
WHEREAS, the Lessee desires to and does lease from the Lessor certain facilities at said Airport for lease of a
hangar to house its aircraft and conduct business, including use of office space; and
WHEREAS, the City of Bangor and Nate Holyoke Builders, Inc. are parties to an Indenture of Lease dated
August 30, 2019 wherein they lease certain facilities from the City; and
WHEREAS, Nate Holyoke Builders, Inc. leases Bay #1 of Building 123 (also known as the Corporate Aviation
Hangar) at the airport; and
WHEREAS, As a capital improvement, both the airport and Nate Holyoke Builders have agreed to epoxy the
hangar floor and cost share this investment; and
WHEREAS, This improvement will help protect and extend the useful life of the hangar floor.
NOW, THEREFORE, BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF
BANGOR,
That Catherine M. Conlow, City Manager, is hereby authorized on behalf of the City of Bangor to execute a
second amendment to the lease between the the City of Bangor and Nate Holyoke Builders, Inc. to cost share
the facility improvement to epoxy the hangar floor. The estimated total cost for this improvement shall not
exceed $6,000 with the City's share not to exceed $3,000. Nate Holyoke Builders Inc. will receive a credit
towards the rental of the hangar. All of the terms within the current lease will remain in full force and effect.
This amendment shall be in final form as approved by City Legal.
IN CITY COUNCIL
MAY 10,2021
CO 21-171
Motion made and seconded for Passage of Consent Agenda
Vote: 8—0
Councilors Voting Yes: Davitt,Dubay,Fournier,Nichols, Okafor, Schaefer, Sprague,Tremble
Councilors Voting No: None
Passed
CITY C ERK