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
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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
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Assigned to Councilor E'��-