HomeMy WebLinkAbout2015-01-12 15-047 ORDERCOUNCIL ACTION
Item No. 15-047
Date: January 12, 2015
Item/Subject: ORDER, Authorizing an Amendment to the Lease Agreement with Ntension
Corporation at 110 Hildreth St. (Tax Map R09 -007-D)
Responsible Department: Community & Economic Development
Commentary: This order will authorize an extension of the lease with Ntension Corporation for
space in the City owned building at 110 Hildreth Street, Bangor (Tax Map R09 -007-D). The building
is shared with another tenant. Ntension Corporation is a manufacturer of tension fabric structures
used primarily in exhibitions and trade shows. The proposed lease amendment would extend the
term of the lease until March 31, 2015. Basic utilities and maintenance will continue to be provided
by the City. Ntension Corporation does not have any taxes due. This item was reviewed and
recommended for approval by the Business & Economic Development Committee at its January 6,
2015 meeting.
Manager's Comments:
Tanya Emery
Department Head
C �L C CN 0 -,-
City Manager
Associated Information:
Budget Approval:
Finance Director
Legal Approval:
City Solicitor
Introduced for
X Passage
First Reading Page _ of _
Referral
Assigned to Councilor Baldacci
CITY OF BANGOR
15-047
JANUARY 12, 2015
(TITLE.) ORDER, Authorizing an Amendment to the Lease Agreement with Ntension
Corporation at 110 Hildreth St. (Tax Map R09 -007-D)
WHEREAS, the parties agreed to a lease agreement dated February 11, 2013; and
WHEREAS, the parties wish to amend the lease agreement to extend the term.
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT,
the City Manager is hereby authorized to execute an Amendment to the Indenture of Lease with
Ntension Corporation to lease space in the building at 110 Hildreth Street (Tax Map R09 -007-D)
and extend the term to March 31, 2015. Basic utilities and maintenance will be provided by the
City. The lease agreement will be substantially with these terms and conditions, and in a final
form approved by the City Solicitor or Assistant City Solicitor.
IN CITY COUNCIL
JANUARY 12, 2015
PASSED
CITY CL RK