HomeMy WebLinkAbout2015-09-28 15-321 ORDERCOUNCIL ACTION
Item No. 15-321
Date: September 28, 2015
Item/Subject: ORDER, Authorizing the City Manager to execute a lease agreement between the City
of Bangor and T&T Capital for the rental of Bay #3 within Hangar #123 at Bangor
International Airport (BGR).
Responsible Department: Airport
Commentary:
This Order authorizes a lease agreement between the City of Bangor and T&T Capital for the the rental
of Bay # 3 within Hangar #123, located at Bangor International Airport. Telford Allen, President and
Owner of T&T Capital desires to lease this hangar space and keep his aircraft based in Bangor.
If approved, the base rent for the lease will be $2,015 per month including utilities. The term of the
lease is for one (1) year term, with two (2) one-year options for extensions adjusted annually for
inflation which shall not exceed 2.5% each year. This lease agreement has been reviewed and approved
by City Legal.
This item was reviewed and approved by the Airport Committee at its meeting on September 15, 2015.
Tony Caruso
Department Head
Manager's Comments:
City Manager
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
_X_ Passage
First Reading
Referral
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Finance Director
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15-321
SEPTEMBER 28, 2015
Assigned to Councilor Graham
CI`T'Y OF BANGOR
(TITLE.) ORDER, Authorizing the City Manager to execute a lease agreement between the
City of Bangor and T&T Capital for the rental of Bay #3 within Hangar # 123 at
Bangor International Airport (BGR).
WHEREAS, the City of Bangor, Maine is the owner of an airport located in Bangor,
County of Penobscot, State of Maine, commonly known as Bangor International Airport; and
WHEREAS, T&T Capital has an aircraft currently based at BGR, and they desire to lease
hangar space in order to keep their base of operation in Bangor, and
WHEREAS, the City and T&T Capital wish to enter into a lease agreement outlining the
terms and conditions for the rental of Bay # 3, within Hangar #123, located at BGR; and
WHEREAS, this leased space will be used exclusively for the aeronautical purposes of
T&T Capital.
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 the lease agreement with T&T Capital for the rental of Bay # 3, within Hangar #123 at
Bangor International Airport. Said lease agreement will run for one year, with two one-year
extensions if neither party objects. The base rent for the lease will be $2,015 per month
including utility costs, adjusted annually for inflation. The lease agreement shall be in final form
as approved by the City Solicitor or Assistant City Solicitor.
IN CITY COUNCIL
SEPTEMBER 28, 2015
PASSED
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