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HomeMy WebLinkAbout2013-07-08 13-231 ORDERCOUNCIL ACTION Item No. 13-231 Date: July 8, 2013 Item/Subject: ORDER, Authorizing an Extension of the Lease Agreement with Hannaford Bros. Co. at 39 Florida Ave., Bangor Responsible Department: Community & Economic Development Commentary: Hannaford Bros. Co. has leased all but one office in the building at 39 Florida Ave. since 2008 for use as a regional office and training center. They have exercised their option to extend the lease agreement for three (3) years. We have negotiated a new lease rate for the option period and all other terms and conditions of the agreement will remain the same. From August 1, 2013 to July 31, 2014 the rate will be $2,651.00 per month. On August 1, 2014 and each subsequent year, the rental rate will be adjusted to reflect the City's cost of utilities furnished to the building. This item was reviewed and recommended for approval by the Business & Economic Development Committee at its July 1, 2013 meeting. Manager's Comments: Associated Information: Budget Approval: Legal Approval: Introduced for X Passage First Reading Referral Department Head 1f City Manager 4 iz:: �4- � Finance Director Ac7V City Solicitor Page _ of _ �,* F 13-231 JULY 8, 2013 Assigned to Councilor Civiello CI`T'Y OF BANGOR (TITLE.) ORDER, Authorizing an Extension to the Lease Agreement with Hannaford Bros. Co. at 39 Florida Ave., Bangor WHEREAS, the Hannaford Bros., Co. has leased a building at 39 Florida Ave. from the City of Bangor since 2008; and WHEREAS, the Hannaford Bros. Co. has exercised its option to extend that Lease Agreement for three (3) years. BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT The City Manager is hereby authorized, on behalf of the City of Bangor, to execute an Amendment to the Lease Agreement between the City of Bangor and Hannaford Bros. Co. that extends the term for three (3) years and in a final form approved by the City Solicitor or Assistant City Solicitor. IN CITY COUNCIL July 8, 2013 a d CITY CLERK