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HomeMy WebLinkAbout2016-05-09 16-182 ORDERCOUNCIL ACTION Item No. 16-182 Date: May 9, 2016 Item/Subject: Order, Authorizing the City Manager to Execute an Amendment to a Lease with Eastern Maine Healthcare Systems - 931 Union Street Map -Lot (R24-005-A)_i Responsible Department: Legal Commentary: This Order will authorize the execution of an amendment to extend the lease with Eastern Maine Healthcare systems for property located at 931 Union Street. If approved, the Lease shall termination shall be extended from June 30, 2016 to September 30, 2016. The reason for the request is the Eastern Maine Healthcare has retained an appraiser to determine the value of the land. Assuming the appraisal conforms to appraising standards, the purchase price shall be the value determined by the appraisal. This item was reviewed and recommended for approval by Business and Economic Development Committee of May 3, 2016. Manager's Comments: Associated Information: Budget Approval: Legal Approval: Introduced for Passage First Reading Referral Department Head l_,&�47 (Y) - (.t(, J City Manager � a? Finance Director Page _of_ 16-182 MAY 9, 2016 Assigned to Councilor Durgin °94:�- CITY OF BANGOR 9qy titi ,� (TITLE.) ORDER, Authorizing the City Manager to Execute an Amendment to a Lease with Eastern Maine Healthcare Systems - 931 Union Street WHEREAS, the City of Bangor leases property located at 931 Union Street to Eastern Maine Healthcare Systems; and WHEREAS, said Lease provided an option to purchase the property during the term of the lease; and WHEREAS, said Lease terminates on June 30, 2016; and WHEREAS, Eastern Maine Healthcare Systems has requested an extension of the term of the Lease, including the option to purchase, for an additional three months; and WHEREAS, it is in the best interest of the parties to extend the lease and option; and NOW, THEREFORE, BE IT ORDERED THAT Catherine M. Conlow, City Manager, is authorized, on behalf of the City of Bangor, to execute an Amendment to the Lease by and between the City of Bangor and Eastern Maine Healthcare Systems. Said Amendment shall provide that the Lease shall terminate on September 30, 2016, and the purchase price shall be determined by an appraisal currently being done by Eastern Maine Healthcare Systems. Said Amendment shall be in a final form as approved by the City Solicitor or Assistant City Solicitor. IN CITY COUNCIL MAY 9, 2016 PASSED CITY CLERK