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HomeMy WebLinkAbout2010-02-22 10-082 ORDERCouncil Action Item No. Date: February 22, 2010 Item/Subject: Order, Authorizing the Execution of a Lease with Webber Oil Company for Forty Parking Spaces along Curve Street Responsible Department: Community and Economic Development Commentary: There are currently 40 parking spaces along the west side of Curve Street. These parking spaces were constructed by the City pursuant to a 2004 agreement with Webber Oil under which Webber Oil paid the construction cost of the parking spaces in return for 54 months of parking. The 54 month period has now ended, and Webber Oil would like to continue to park in these spaces. The proposed Order would authorize the City to lease the 40 parking spaces to Webber Oil in return for $30 per space per month, less a 10% bulk discount for leasing 20 or more spaces, less a 5% discount if they pay a full year in advance, and a lease term of 4 1/2 years. These discounts are in keeping with similar City leases. Department Head Manager's Comments: Recommended for Approval by the Business & Economic Development Committee. Associated information: Budget Approval: Legal Approval: Introduced for Passage _x_ First Reading Referral City Manager Finance Director Assigned to Councilor — Palmer CITY OF BANGOR �. 0 0 81 February 22, 2010 (TITLE.) ORDER Authorizing the Execution of a Lease with Webber Oil Company for Forty Parking Spaces along Curve Street WHEREAS, the City entered an Agreement — Curve Street Parking Spaces with Webber Oil Company dated June 23, 2004 whereby Webber Oil Company paid the City $48,000, representing the cost to the City of constructing forty (40) parking spaces along Curve Street, in exchange for Webber Oil Company's use of the parking spaces by Webber's tenants of Webber's property at 252 Harlow Street for a period of 54 months; and WHEREAS, the Agreement has now expired and Webber Oil must now enter into a lease with the City in order to continue to use the 40 parking spaces on Curve Street: BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT The Interim City Manager is authorized to sign a Lease with Webber Oil Company for 40 parking spaces on Curve Street which would include the following terms: rate of $30.00 per space per month, less 10% for leasing 20 or more spaces, less 5% if prepaid a year in advance, and a Lease term of 4 1/2 years. Said Lease shall be in a final form acceptable to the City Solicitor or Assistant City Solicitor. IN CITY COUNCIL February 22, 2010 Motion Made and Seconded for Passage . Passed DEPTDY CITY CLERK (TITLE,) he Execution of a ease with Webber Oil Company for RnrtF Parking Spaces alone Curve Street Assigned to Councilor.