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HomeMy WebLinkAbout2010-04-12 10-128 ORDERCOUNCIL ACTION Item No. 10 129 Date: April 12, 2010 Item/Subject: ORDER, Approval of an Amendment to the Indenture of Lease between the Bangor Water District and Portland Cellular Partnership, d/b/a Verizon Wireless Responsible Department: Community & Economic Development Commentary: The Bangor Water District is the owner of the water tower on Venture Way adjacent to Bangor International Airport. The water tower is located on land owned by the City of Bangor. The City leases a 14,442 sq. ft. parcel surrounding the tower to the Bangor Water District. The Bangor Water District subleases the land to communications companies who utilize the water tower for communications antennae. The City of Bangor receives 50% of the revenue received by the Bangor Water District from the communications companies. This Order consents to an amendment in the lease between the Bangor Water District and Portland Cellular Partnership, d/b/a Verizon Wireless which increases the land area leased, increases the rent, and corrects a tax map and lot reference. The Business and Economic Development Committee has reviewed this Lease Amendment and recommends approval. Manager's Comments: Associated Information: Budget Approval: Legal Approval: Introduced for X Passage First Reading Referral Department Head City Manager Page _of_ City Solicitor 10 12$ Assigned to Councilor — Hawes April 12, 2010 CIT'Y OF BANGOR (TITLE.) ORDER, Approval of an Amendment to the Indenture of Lease between the Bangor Water District and Portland Cellular Partnership, d/b/a Verizon Wireless WHEREAS, the Bangor Water District is the owner of a water tower on property owned by the City of Bangor; and WHEREAS, in a lease dated Juanuary 25, 2004 the City of Bangor leased to the Bangor Water District a parcel of land surrounding the water tower; and WHEREAS, in the Consent to Sublease and Consent to Alteration and Improvements dated September 26, 2005 the City of Bangor consented to a sublease between Portland Cellular Partnership, d/b/a Verizon Wireless and the Bangor Water District; and WHEREAS, in the first amendment to Indenture of Lease dated June 13, 2007 the City of Bangor expanded the parcel of land leased to the Bangor Water District; and WHEREAS, Bangor Water District and Portland Cellular Partnership, d/b/a Verizon Wireless wish to amend the sublease dated September 26, 2005 and said amendment requires the consent of the City of Bangor: BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT The Interim City Manager is hereby authorized to execute, on behalf of the City of Bangor, the "First Amendment to Water Tower Lease Agreement" between the Bangor Water District and Portland Cellular Partnership, a Maine general partnership, d/b/a Verizon Wireless. Said first amendment amends the description of the premises sublet to Portland Cellular, increases the rent, and corrects the tax map and lot number referenced in the lease and Memorandum of Lease. Said amendment shall be in a final form approved by the City Solicitor or the Assistant City Solicitor. IN CITY COUNCIL April 12, 2010 Passed CITY CLERK (TITLE,) Apnrnyal of an Amendment to ThP Tnd-nttXe of Lease between the Bangor Vater Distr; and -Portland Cellular par n hiv. d/b/a Verizon Wireless Assigned to Councilor #�Ljr rabkk,