HomeMy WebLinkAbout2008-11-24 09-012 ORDERCOUNCIL ACTION
Item No. 09 n 1
Date: November 24, 2008 02-
Item/Subject: ORDER, Authorizing the Airport to Enter into a Lease Agreement with T-3 Leasing for
Corporate Aviation Hangar Bay # 3 at Bangor International Airport.
Responsible Department: Airport
Commentary:
The Telford Group continues to grow and expand, and it desires to lease additional space at the Airport
for one of its subsidiaries, T-3 Leasing. T-3 Leasing desires to lease the third bay in the corporate
hangar.
The hangar bay, which is not currently leased, is approximately 3600 square feet. The lease term would
be for one year with two one year options to renew. The rental rate will be $19,392 for the first year,
20,364 for the second year, and $21,338 in the third year.
Rebecca Hupp
Department Head
Manager's Comments:
This has been reviewed and is recommended by the Transportation and Infragructure Committee. ,
t"w.yW06 c.1 tiMw!fw —�—
City Manager
Associated Information:
Budget Approval:
Finance Director
Legal Approval:
Introduced for
X Passage
First Reading
Referral
Solicitor
Page 1 of 1
09 012
Assigned to Councilor D' Errico November 24, 2008
CITY OF BANGOR
(TITLE.) ORDER, Authorizing the Airport to Enter into a Lease Agreement with T-3 Leasing
for Corporate Aviation Hangar Bay # 3 at Bangor International Airport.
WHEREAS, T-3 Leasing desires to lease Bay #3 of Building #123 (also known as the
Corporate Aviation Hangar) at Bangor International Airport; and
WHEREAS, the Airport and T-3 Leasing have reached agreement on the terms and
conditions for a new lease; and
WHEREAS, the agreed to terms and conditions allow the Airport to recover its costs
and provides for annual CPI adjustment; and
WHEREAS, the leas agreement will provide additional revenue to the Airport;
NOW, THEREFORE,, BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF
BANGOR, that
the Airport is authorized to enter into a lease amenment with T-3 Leasing in a form
acceptable to the City Solicitor or the Assistant City Solicitor.
IN CITY COUNCIL
November 24, 2008
Passed
1w CIA,
DEPUTY CITY CLERk
# 09-012
(TITLE, Atit-hnri 7i rg rha Ai room _ to R*+ter
into a Lease Agreement with T-3 Leasing
fnr Cnrnnrate Aviation haagar Bay 03
at Bangor International Airport
r
Assigned to Councilor