HomeMy WebLinkAbout2010-05-10 10-163 ORDERCOUNCIL ACTION
Item No--
Item/Subject:
o_
Date: May 10, 2010
Item/Subject: ORDER, Authorizing an Amendment to the Lease with the
Philtrum Corporation at 49 Florida Avenue
Responsible Department: Community and Economic Development
Commentary:
The Philtrum Corporation wishes to extend the term of the lease agreement with the City of
Bangor for use of an office building at 49 Florida Ave., Bangor. The Philtrum Corporation has
been leasing a building at 49 Florida Ave. since 1986 for use as office facilities. The most
recent lease agreement was for three years expiring on May 31, 2010. The lease rate during
the last year of the agreement was $2,070 per month with the tenant paying all utilities.
The monthly lease rate would be $2,074 until May 31, 2011. From June 1, 2011 to May 31,
2013 the lease rate would be $2,088 per month. The tenant is responsible for property taxes.
The Staff recommends approval of this amendment to the lease agreement under the terms
and conditions outlined above.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
x Passage
First Reading
Referral
Department Head
Interim City Manager
Finance Director
Page _ of —
City Solicitor
_1
.t. k J i i:' J
Assigned to Councilor— Gratwick May 10, 2010
CITY OF BANGOR
(TITLE.) ORDER, Authorizing an Amendment to the Lease with the Philtrum Corporation
at 49 Florida Avenue
WHEREAS, the Philtrum Corporation has leased an office building at 49 Florida Ave. since
1986; and
WHEREAS, the Philtrum Corporation wishes to extend the term of the lease agreement:
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
The Interim City Manager is hereby authorized, on behalf of the City of Bangor to execute an
Amendment to the Lease between the City of Bangor and the Philtrum Corporation for the
building at 49 Florida Avenue in a final form as approved by the City Solicitor or Assistant City
Solicitor.
IN CITY COUNCIL
May 10, 2010
(T1TLEJ AUdUw-i Being an Amendment to
tie 4-a:sem -1^X1Lrhe Philtrum Corporation
Florida Avenue
Assigned to Councilor