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HomeMy WebLinkAbout2012-05-30 12-180 ORDERCOUNCIL ACTION Item No. 12-180 Date: May 30, 2012 Item/Subject: ORDER, Authorizing the execution of a lease between the City of Bangor and Maine Aero Services, Inc. for Hangar # 115 at Bangor International Airport. Responsible Department: Airport Commentary: This Order authorizes the renewal of a lease between the City of Bangor and Maine Aero Services, Inc. Since 2010, Maine Aero has leased 22,220 square feet of working and office space in Hangar # 115 to operate an aircraft maintenance and storage business. They also provide aircraft flight training and instruction. Maine Aero is interested in leasing the remainder of this hangar comprised of approximately 6,696 square feet for additional space needed for aircraft maintenance services. This agreement outlines a five (5) year term, with two (2) options for extensions, for the lease of hangar # 115. The current lease is due to expire in May of 2013 however, given Maine Aero's interest in leasing additional space, both Parties believe it is prudent to develop a new lease agreement. The terms and conditions of the lease remain unchanged with the exception of an annual rate increase for each year of the term. The new lease rates do not include utility costs, which are the responsibility of the Lessee. This lease agreement has been reviewed and approved by City Legal. Anthony P. Caruso Interim Department Head Manager's Comments: This has been reviewed by the Airport Committee and is recommended for approval. City Manager Associated Information: Budget Approval: Finance Director Legal Approval: Introduced for _X Passage First Reading Referral Solicitor Page 1 of 1 Assigned to Councilor Blanchette CITY OF BANGOR 12-180 May 30, 2012 (TITLE.) ORDER, Authorizing the execution of a lease between the City of Bangor and Maine Aero Services, Inc. for Hangar # 115 at Bangor International Airport. 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, on April 20, 2010, the City of Bangor and Maine Aero Services, Inc. entered into an agreement for Maine Aero to lease office and hangar space within Hangar # 115, comprised of approximately 22,220 square feet, located at Bangor International Airport; and WHEREAS, Maine Aero Services, Inc. desires to lease additional space within Hangar # 115, comprised of approximately 6,696 square feet of working space; and WHEREAS, Maine Aero desires to renew the lease agreement for office and hangar space, identified as Hangar # 115, comprised of approximately a total of 28,916 square feet of office and working space; and WHEREAS, this leased space will be used exclusively for the operation of an aircraft maintance, storage and flight training business. 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 Maine Aero Services, Inc. to include this hangar and office space. (TITLE,) Assigned to Councilor m �AIID rvo-11772r:;- , p ss ZTOZ 90£ AUK 1IMOD ilia HI