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HomeMy WebLinkAbout2010-04-12 10-143 ORDERCOUNCIL ACTION Item No. 10 143 Date: April 12, 2010 Item/Subject: ORDER Authorizing Execution of Lease with C & L Aerospace — Odlin Road — 600 Area Responsible Department: Airport Commentary: In 2009 Air Cargo Carrier acquired The Telford Group and assumed the leases that the City had with the Telford Group. Air Cargo Carrier has recently announced plans to close the operation. C & L Aerospace Inc. to lease the premises at the 600 Area, so-called, off Odlin Road. Said lease shall be for a term of two years, provide for a rent payment of $7,360.16 per month, with two 5 year renewal options, the rent to be negotiated if option exercised. Said lease shall be in a final form as approved by the City Solicitor or Assistant City Solicitor. Department Head Manager's Comments: City Manager Associated Information: Budget Approval: Legal Approval: Introduced for x Passage First Reading Referral Page _ of a? Finance Director City Solicitor n -A: Assigned to Councilor — Blanchette April 12, 3010 4. 9 lF. % w Y CITY OF BANGOR g4iED.ff, y (TITLE.) ORDER, Authorizing Execution of Lease with C & L Aerospace - Odlin Road - 600 Area By the City Council of the City of Bangor. ORDERED, THAT Robert W. Farrar, Interim City Manager, is hereby authorized, on behalf of the City of Bangor, to execute a lease with C & L Aerospace Inc. to lease the premises at the 600 Area, so- called, off Odlin Road. Said lease shall be for a term of two years, provide for a rent payment of $7,360.16 per month, with two 5 year renewal options, the rent to be negotiated if option exercised. Said lease shall be in a final form as approved by the City Solicitor or Assistant City Solicitor. IN CITY COUNCIL April 12, 2010 Passed DEPUTY C TY dLERk (T1TLE,)Ajitl,n7ri zing F7[e01} i on of Lease W 1 h r_ s i. Aernsilare - Od'lin Road r Assigned to Councilor�`� ti