HomeMy WebLinkAbout2015-09-14 15-300 ORDERCOUNCIL ACTION
Item No. 15-300
Date: September 14, 2015
Item/Subject: ORDER, Authorizing an Indenture of Lease with USABFIT, LLC
at 366 Griffin Road (Map 100-006)
Responsible Department: Community & Economic Development
Commentary: This lease agreement will replace the current lease with USABFIT, LLC d/b/a Union
Street Athletics and add an additional option period which could extend the lease term through
2036. There are no other changes to the primary terms of the current agreement.
This item was reviewed and recommended for approval by the Business & Economic Development
Committee at its September 8, 2015 meeting.
Tanya Emery
Department Head
Manager's Comments:
City Manager
Associated Information:
Budget Approval: ,(^
(nj Finance Director
Legal Approval:
City olicitor
Introduced for
X Passage
First Reading Page _ of
Referral
15-300
SEPTEMBER 14, 2015
Assigned to Councilor Baldacci
CITY OF BANGOR
(TITLE.) Order, Authorizing an Indenture of Lease with USABFIT, LLC at 366 Griffin Road
(Map 100-006)
WHEREAS, the City of Bangor is the owner of Lot No. 10 in the BIA Commercial / Industrial
Park; and
WHEREAS, by Indenture of Lease dated October 7, 1977, Al Worcester & Sons agreed to the
lease of Lot 10 in the BIA Commercial / Industrial Park; and
WHEREAS, by Assignment of Lease dated December 15, 1982, the Indenture of Lease was
assigned by Al Worcester & Sons to Darlings; and
WHEREAS, by Assignment of Lease dated October 24, 2001, the Indenture of Lease was
assigned by Darlings to USABFIT, LLC; and
WHEREAS, USABFIT, LLC wishes to extend the term of the lease agreement:
BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
The current Indenture of Lease is cancelled in its entirety and the City Manager is hereby
authorized, on behalf of the City of Bangor, to execute an Indenture of Lease with USABFIT,
LLC, for a lot of land at 366 Griffin Road (Lot No. 10, BIA Commercial / Industrial Park) in a
form approved by the City Solicitor or Assistant City Solicitor.
IN CITY COUNCIL
SEPTEMBER 14, 2015
CO 15300
PASSED
CITY CLE