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HomeMy WebLinkAbout2016-02-22 16-095 ORDERCOUNCIL ACTION Item No. 16-095 Date: February 22, 2016 Item/Subject: ORDER, Authorizing the City Manager to Terminate the Lease dated April 29, 2005 and amended April 30, 2010 Between L.L. Bean, Inc. and the City of Bangor – 690 Maine Avenue (Map 102, Lot 006) Responsible Department: Airport Commentary: This Order will authorize the termination of a lease between L.L. Bean, Inc. and the City of Bangor. By lease dated April 29, 2005 and amended April 30, 2010, LL Bean leases the property at 690 Maine Avenue for the purpose of operating a customer service call center at 690 Maine Avenue. LL Bean had announced previously they intended to close this location in 2016 as it was no longer necessary for their business needs. The City has negotiated a deal with an incoming tenant, and LL Bean has assisted in that process and agreed to leave ahead of schedule to accommodate the new tenant. This item was discussed in Pre -Council executive session on February 8, 2016. Tony Caruso Department Head Manager's Comments: Associated Information: Budget Approval: Finance Director Legal Approval: Introduced for _X Passage First Reading Referral citor Page 1 of —1— 16-095 FEBRUARY 22, 2016 Assigned to Councilor Nealley CITY OF BANGOR (TITLE.) ORDER, Authorizing the City Manager to Terminate the Lease dated April 29, 2005 and amended April 30, 2010 between L.L. Bean, Inc. and the City of Bangor (Map 102, Lot 006) WHEREAS, the City of Bangor, Maine is the owner of land and a building located at 690 Maine Avenue in Bangor, County of Penobscot, State of Maine; and WHEREAS, by Lease dated April 29, 2005 and amended April 30, 2010, the City of Bangor agreed to lease to L.L. Bean, Inc. the land, building and improvements located at 690 Maine Avenue; and WHEREAS, LL Bean wishes to terminate their lease ahead of schedule to accommodate the closing of their operation and for occupancy by a new tenant. NOW, THEREFORE, BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR, That Catherine M. Conlow, City Manager, is hereby authorized on behalf of the City of Bangor to execute an agreement between LL Bean and the City of Bangor for the termination of the lease between the parties for property located at 690 Maine Avenue dated April 29, 2005. Said termination agreement shall be in final form as approved by the City Solicitor or Assistant City Solicitor. IN CITY COUNCIL FEBRUARY 22, 2016 PASSED CITY CLER