HomeMy WebLinkAbout2021-07-26 21-273 OrderCITY COUNCIL ACTION
Council Meeting Date:
Item No:
Responsible Dept:
Requested Action:
Summary
Committee Action
Meeting Date:
For: Against:
City Manager City Solicitor Finance Director
Map/Lot:
Introduced for:
Order
Committee:
Action:
Staff Comments & Approvals
Date:
Item No:
Assigned to Councilor:
21-273
JULY 26, 2021
Memorandum
To: Members of the Business & Economic Development Committee
From: Stephen A. Bolduc, Executive Manager
Date: July 20, 2021
Subject: Consent to sublease a portion of the building at 366 Griffin Road (Map
100, Lot 006) owned by R & B Properties, LLC to II Pillars, Inc. d/b/a The Heating Lodge
Issue
R & B Properties, LLC wishes to sublease a portion of its building at 366 Griffin Rd.,
Bangor (Lot No. 10, BIA Commercial / Industrial Park) to II Pillars, Inc. d/b/a The
Heating Lodge. The sublease must be approved by the City of Bangor.
Background
R & B Properties, LLC has leased the lot at 366 Griffin Rd. from the City since 2018. Its
lease term runs through 2026 with two (2) additional options of five (5) years each which
could extend the lease through 2036. II Pillars, Inc. d/b/a The Heating Lodge will lease
approximately 12,500 sq. ft. of the building for five (5) years to operate a retail store
selling stoves and fireplaces.
R & B Properties, LLC will continue to sublease the facility to Harvest Moon Holdings,
LLC to operate a delicatessen.
The sublease will not relieve R & B Properties, LLC from any of the responsibilities or
obligations of the lease.
Recommendation
Staff recommends approval of the sublease between R & B Properties, LLC and II
Pillars, Inc. d/b/a The Heating Lodge.
IN CITY COUNCIL
JULY 26,2021
CO 21-273
Passed
I Y L