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HomeMy WebLinkAbout2009-04-13 09-124 ORDERCOUNCIL ACTION Item No. 9 124 Date: 4-13-2009 Item/Subject: Order, Providing Northeast Bank with a Landlord Waiver for Personal Property in' a Building at 110 Hildreth Street Leased to Hallowell International. Responsible Department: Legal Commentary: Northeast Bank has asked the City to provide a landlord waiver for personal property at 110 Hildreth Street, which premises are owned by the City and leased to Hallowell International, LLC. The landlord waiver would allow the Bank to enter into the premises and remove property from the premises in the event of a breach of a security agreement between Northeast Bank and Hallowell. The Business and Economic Committee recommends approval, subject to Legal's approval of the precise terms of the waiver. Manager's Comments: Associated Information: Budget Approval: Legal Approval: Introduced for X Passage First Reading Referral Department Head City Manager Director Page _ of _ 0 9 I.2 1 Assigned to Councilor Hawes April 13, 2009 SAW, , { CITY OF BANGOR y4 TED,* (TITLE.) ORDER, Providing Northeast Bank with a landlord Waiver for Personal Property in a Building at 110 Hildreth Street Leased to Hallowell International By the City Council of the City of Bangor. ORDERED, THAT the City Manager is hereby authorized to sign a Landlord Waiver for the benefit of Northeast Bank regarding the personal property in a building at 110 Hildreth Street leased to Hallowell International, LLC, all in a form as approved by the City Solicitor or Assistant City Solicitor. IN CITY COUNCIL April, 13, 2009 Pas IT CITY CLERK . 0-09-I 4, O R D E R Prodiding Northeast tiauk with a Landlord Waiver fbT IFee e4br.' V P1 8 fp er ty in a Building at 110 Ftilfhr-ttf .Street ._Leased to Hallowell International h Assigned to Councilor E'��-