HomeMy WebLinkAbout1999-11-22 00-33 ORDEROo-3a
AS AMENDED
Aaig�M roCouncilor
Y
CITY OF BANGOR
(TITLE.) Order, Directing City Staff W Negotiate an Extension to Option to Purchase Cruise Boat
By the Ob, Cb0009 oft eO'ryofei%von
ORDERED,
MAT
WHEREAS, the City of Bangor, by virtue of a Collateral Assignment of Lease, is Lessee of a
Lease/Purchase Agreement with Marine Transportation, Inc. for the use and operation of a
cruise boat; and
WHEREAS, mid Agreement provides that Lessee shall have an option to purchase said cruise
boat; and
WHEREAS, the City wishes to determine whether any private parties are interested in
purchasing this vessel, preferably for operation from Bangor Landing; and
WHEREAS, the City Is also Interested in limiting its future financial obligations relating to the
purchase of this vessel,
NOW, THEREFORE, BE R ORDERED BY THE CITY COUNCIL OF THE CRY OF BANGOR, THAT.
City staff is hereby directed to negodabe an extension of the City's existing Lease/Pumhase
Agreement with Marine Transportation in order to provide sufficient time to solicit Interest
from private parties in the purchase of this vessel, preferably for continued operation from
Bangor Landing. The Community and Economic Development Committee is authorized bo
approve the berms and coridmons of this extedon.
BE IT FURTHER ORDERED, THAT the Director of the Department of Community and Economic
Development solid( requests for proposals to purchase the boat with preference being ghmn to
an individual or corporation who would operate the boat from Bangor Landing. These
proposals are to be reviewed by the Community and Economic Development Committee which
Is to make a recommendation to the full Council at its first regular meeting in January 2000.
y_l�
November 29. 1999
�� AsvigMdro Cowcilw
CITY OF BANGOR
(TITLE.) Order, Directing CRY Staff to Negotiate an Bel to Option W purchase Cruise Boot
By tie Oty Ct9rroy oftre Ofiy ofaw nr
MDEREDr
TUT
WHEREAS, the City of Bangor, by virtue of a Collateral Assignment of Lease, is Lessee of a
Lease/Purchase Agreement wRh Marine Transportation, Inc. for the use and operation of a
cruise boat; and
WHEREAS„ said Agreement provides that Lessee shall have an option In purchase said cruise
boat; and
WHEREAS, the City wishes to determine whether any private parties are Interested in
purchasing this vessel, preferably for operation from Bangor Landing; and
WHEREAS, the City Is also Interested in limiting its future financial obligations relating to the
purchase of this vessel,
NOW, THEREFORE, BE fT ORDERED BY THE CRY COUNCIL OF THE CITY OF BANGOR, THAT:
City staff Is hereby directed to negotiate an extension of the Otys existing Lease/Purchase
Agreement with Marine Transportation in order to provide sufficwt time to solicit interest
from private parties In the purchase of this vessel, preferably for continued operation from
Bangor Lending. The Community and Economic Development Committee is authorized to
approve the terms and conditions of this extension.
IN CITY COUNCIL
November 29. 1999
Notion to uspend the Rules to
Introduce Council order B00-33
Nude and Seconded .
Notion to Amend by Adding after
the last Paragraph: "Be it further
ordered, that the Director of the
Department of Co®mlty Reel ecooam-
ic Development solicit requests for
proposals to purchase the beat rich -
preference befog gives to an fadlvl-
dull-n[ corporation who weld oper-
ate"Che boat frame Burger Ling.
These proposals ate to be reviewed by '
the Commonalty and Oconovtc Development
Cossittee which 1R to mote e
recom-
mendation to the full Council at Its
first regular meting in January. 2000."
Notion Seconded
Notion to Pass As Amended. Rade and
Seconded
Passed as �ed
00.33
ORM
TRK Nlrectisg City Stuff to Negotiate
an Racenaion to Option to Purchase
Cruise Beat
A gnmd to
Coundlor