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HomeMy WebLinkAbout2015-11-23 16-017 ORDERCOUNCIL ACTION Item No. 16-017 Date: November 23, 2015 Item/Subject: ORDER, Approval of an Amendment to the Indenture of Lease between the Bangor Water District and Portland Cellular Partnership, d/b/a Verizon Wireless Responsible Department: Community & Economic Development Commentary: This Order consents to an amendment in the lease between the Bangor Water District and Portland Cellular Partnership, d/b/a Verizon Wireless which allows modification of equipment and increases the rent. The Bangor Water District is the owner of the water tower on Venture Way adjacent to Bangor International Airport. The water tower is located on land owned by the City of Bangor. The Bangor Water District subleases the land to communications companies who utilize the water tower for communications antennae. The City of Bangor receives 50% of the revenue received by the Bangor Water District from the communications companies. The Business & Economic Development Committee has reviewed this Lease Amendment at its November 17, 2015 meeting and recommends approval. Manager's Comments: Associated Information: Budget Approval: Legal Approval: Introduced for X Passage First Reading Referral /s/ Tanya Emery Department Head City Manager G Finance Director "�w f / f Ci Solicitor Page _of_ 16-017 NOVEMBER 23, 2015 Assigned to Councilor Baldacci CI`T'Y OF BANGOR (TITLE.) ORDER, Approval of an Amendment to the Indenture of Lease between the Bangor Water District and Portland Cellular Partnership, d/b/a Verizon Wireless WHEREAS, the Bangor Water District is the owner of a water tower on property owned by the City of Bangor; and WHEREAS, in a lease dated January 25, 2004 the City of Bangor leased to the Bangor Water District a parcel of land surrounding the water tower; and WHEREAS, in the Consent to Sublease and Consent to Alteration and Improvements dated September 26, 2005, the City of Bangor consented to a sublease between Portland Cellular Partnership, d/b/a Verizon Wireless and the Bangor Water District; and WHEREAS, in the first amendment to Indenture of Lease dated June 13, 2007 the City of Bangor expanded the parcel of land leased to the Bangor Water District; and WHEREAS, the Bangor Water District and Portland Cellular Partnership, d/b/a Verizon Wireless entered into a sublease dated December 16, 2005 and amended June 2, 2010; and WHEREAS, the Bangor Water District and Portland Cellular Partnership, d/b/a Verizon Wireless wish to further amend the sublease and said amendment requires the consent of the City of Bangor: BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT The City Manager is hereby authorized to execute, on behalf of the City of Bangor, the ""Second Amendment to Water Tower Lease Agreement" between the Bangor Water District and Portland Cellular Partnership, a Maine general partnership, d/b/a Verizon Wireless. Said second amendment allows modification of equipment and increases the rent. Said amendment shall be in a final form approved by the City Solicitor or the Assistant City Solicitor. IN CITY COUNCIL NOVEMBER 23, 2015 PASSED CITY CLE