HomeMy WebLinkAbout2016-11-28 17-015 ORDERCOUNCIL ACTION
Item No. 17-015
Date: November 28, 2016
Item/Subject: ORDER, Authorizing an Amendment to the Indenture of Lease with Stillwater
Enterprises, Inc. — 108 Florida Avenue
Responsible Department: Community & Economic Development
Commentary: Stillwater Enterprises, Inc. has exercised its option to extend its lease of a
building at 108 Florida Ave. for three (3) years. Stillwater Enterprises, Inc. has agreed to a rate
of $1,580 per month during the first two years, and $1,600 per month during the third year of
the term.
Stillwater Enterprises, Inc. is a custom metal fabrication business that has been a tenant since
2007. They manufacture special orders for general contractors and architects from sheet, solid
or tubular stock metal. They also create custom products such as tidal energy structures, stair
railings, elevator ladders, security doors, wheel chair ramps and fire escapes.
This item was reviewed and recommended for approval by the Business & Economic
Development Committee at its November 22, 2016 meeting.
/s/ Tanya Emery
Department Head
Manager's Comments:
City Manager
Associated Information:
Budget Approval:
Finance Director
Legal Approval:
City Solicitor
Introduced for
Passage
First Reading Page _ of _
Referral
17-015
NOVEMBER 28, 2016
Assigned to Councilor Tremble
CITY OF BANGOR
(TITLE.) ORDER, Authorizing an Amendment to the Indenture of Lease with Stillwater
Enterprises, Inc. —108 Florida Avenue
WHEREAS, the City of Bangor is the owner of Building #269, 108 Florida Avenue in the
Bangor International Airport Complex; and
WHEREAS, Stillwater Enterprises, Inc. has been a tenant at Building #269, 108 Florida
Avenue since 2007; and
WHEREAS, Stillwater Enterprises, Inc. has exercised its option to extend its lease for three
(3) years:
BE IT ORDERED BY THE CM COUNCIL OF THE CITY OF BANGOR THAT
The City Manager is hereby authorized to execute, on behalf of the City of Bangor, an
Amendment to the Indenture of Lease between the City of Bangor and Stillwater Enterprises,
Inc. with a term of three (3) years including an option to extend the agreement for three (3)
years and a lease rate of $1,580 per month during the first two years and $1,600 during the
third year in a form approved by the City Solicitor or the Assistant City Solicitor.
IN CITY COUNCIL
NOVEMBER 28, 2016
CO 17-015
PASSED
CITY CLERK