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HomeMy WebLinkAbout2015-10-26 15-351 ORDERCOUNCIL ACTION Item No. 15-351 Date: October 26, 2015 Item/Subject: ORDER, Authorizing the City Manager to execute a lease agreement between the City of Bangor and The Lander Group for the rental of Bay #2 within Hangar #123 at Bangor International Airport (BGR). Responsible Department: Airport Commentary: This Order authorizes a lease agreement between the City of Bangor and The Lander Group for the rental of Bay # 2 within Hangar #123, located at Bangor International Airport. Phil Lander, Owner - President and CEO, desires to lease this space for his aviation business segment. If approved, the base rent for the lease will be $2,015 per month, including utilities. The term of the lease is for a one (1) year term, with two (2) one-year options for extensions, adjusted annually for inflation, which shall not exceed 2.5%. This lease agreement has been reviewed and approved by City Legal. This item was approved by the Airport Committee at its meeting on October 13, 2015. Tony Caruso Department Head Manager's Comments: M - City Manager Associated Information: Budget Approval: Finance Director Legal Approval: Introduced for _X_ Passage First Reading Referral Zl-/& - C ty Solicitor Page i of _i_ 15-351 OCTOBER 26, 2015 Assigned to Councilor Graham CITY OF BANGOR (TITLE.) ORDER, Authorizing the City Manager to execute a lease agreement between the City of Bangor and The Lander Group for the rental of Bay #2 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, The Lander Group desires to lease this space for their aviation business segment; and WHEREAS, the City and The Lander Group wish to enter into a lease agreement outlining the terms and conditions for the rental of Bay # 2, within Hangar #123, located at BGR; and WHEREAS, this leased space will be used exclusively for the aviation purposes of The Lander Group. 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 The Lander Group for the rental of Bay # 2, 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.