HomeMy WebLinkAbout2007-06-25 07-236 ORDERItem Rh 07 236
Date: June 25, 2007
Item/Subject: ORDER. Authorizing an Indenture of Lease between the Oty of Bangor
and Stillwater Enterprises, Inc
Responsible Department: Community St Economic Development
This Order would authorize the lease of Building # 269 at 66 Florida Avenue to Stillwater
En[erpdses, Inc. lo operate a custom metal fabrication business. Stillwater Enterprises, Inc. is
currently a tenant In the Bangor International Enterprise Center and has outgrown its space.
Building #269 has many features that readily accommodate the use proposed by Stillwater
Enterprises which include manufacturing special orders for general contractors and archRects
from sheet, solid, or tubular stack metal. Stillwater currently employs 6 people and pays sidletl
labor rates. Moving to Building #269 would allow them to hire additional employees and
Increase their production.
Building #269 provides approximately 7,188 M. ft. of building space. The initial term of the
lease would be three (3) years with two (2) options to mend the agreement for additional three
(3) year teems. Stillwater Enterprises, Inc. will pay the cost of all utilities. The lease rate will be
$1,500.00 par month during the initial three year term. Stillwater Enterprises, Inc. will receive a
credit to be applied against lease payments for the mat of installation of the electrical system to
the building, including the installa on of a new 3 phase, 400 amp main decide service entrance
panel, an electric subpanel In the production area and equipment wiring.
Department Head
This has been reviewetl and is recommended by the Business and Economic Development
Committee. d,. da"a.�
Oty Managa
Associated Information:
Budget Approval:
Mnenae Director
Legal Approval:
City Solicitor
Introduced for
X fassage
_ First Reading
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age_01_Referral
Referral
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Awiguedw Co dor Fanriegtee June 25. zoo?
m CITY OF BANGOR
(MLE.) ORDER, Authorizing an Indenture of Lease between the City of Bangor
and Stillwater Enterprises, Inc.
WHEREAS, the City Of Bangor is the owner of Building #269, fib Florida Avenue In the
Bangor International Airport Complex; and
WHEREAS, Stillwater Enterpnses, Inc, has been a tenant in the Bangor International
Enterprise Center; and
WHEREAS, Stillwater Enterprises, Inc. wishes to lease Building #269, 66 Honda Avenue to
operate and maintain a custom metal fabrication business; and
WHEREAS, Stillwater Enterprises, Inc.'s lease of Building #269, IS Florida Avenue will assist
in the growth of the business and provide new employment opportunities for
area residents;
BE IT ORDERED BY THE CM COUNCIL OF THE CITY OF BANGOR THAT
The City Manager is hereby authorized to execute, on behalf of the City of Bangor, an
Indenture of Lease between the City of Bangor and Stillwater Enterprises, Inc., under
substantially the following terms and conditions, and in a form approved by the City Solicdor or
Assistant City Solicitor.
PremNes: Building #269, approximately 7,188 sq. R., located at 66 Florida Ave., and
approximately 1.5 acres of land suraunding the building
Tetm: Three years, from 2007 to 2010. Stillwater
Enterprtses, Inc. will have two (2) options to ndend the agreement for an additional three year
term.
Rate: $1,500.00 per month during the Initial three year term. Stillwater Enterprlse i, Inc. will
receive a credit to be applied against lease payments for the cost of installation of the electrical
system to the building.
Utilities: Stillwater Enterprises, Inc. Will pay the cost Of all utilities furnished to or consumed
on the premises, including electricity, fund oil, gas, and water and sewer user fees.
Itaintenanos: The City of Banger will be responsible for ordinary and routine maintenance of
the building's major structural components: foundation, roof, structural walls, operating
07 236
systems, Including heading, plumbing, and electrical systems Including electrical, plumbing and
heating fixtures. The City of Bangor will also provide grounds landscaping and maintenance of
the parking area.
Stillwater Enterprises, Inc. will be responsible for foor and floor coverings, doors, windows,
ceilings, interior walls, and other Interior paint surfaces in the demised premises. Stillwater
Enterprises, Inc, will also provide rubbish removal and snowplowing.
Taxes: Any taxes Imposed upon the real estate and building are the responsibility of the City
of Bangor. Any taxes on personal property are the responsibility of Stillwater Enterprises, Ix.
Insurance: Stillwater Enterprises, Inc. will provide comprehensive public liability and property
damage insurance to limits of $400,000 per each ammonite and Bre damage Insurance to the
limit of $200,000. Insurance coverage far Stillwater Enterprises, Inc.'s equipment and personal
property are the responsibility of Stillwater Enterprises, Inc.
Improvements By Tenant: Stillwater Enterprises, Inc. will make the following repairs and
Improvements to the premises:
1. Paint three (3) office
2. Replace the suspended ceiling in three (3) offices
3. Remove miscellaneous furniture from offices
4. Install exterior security lights if an exterior storage area is constructed!
5. Install a new 3 phase, 400 amp main electric service entrance panel
6. Install an electric sub -panel in the production area
7. Install wiring to the columns in the main production area.
Improvements By larval The City of Bangor will make the following repairs and
improvements m the premises:
1. Repair roof, particularly the south and that has been tom off
2. Replace several broken window panes
3. Service and repair the overhead doors to an operating condition
4. Repair and test the overthad aares doors to an operating condition and have
their lift: opacity certified
S. Repair ovethotl ceiling fans to an operating condition
6. Test the plumbing system and plumb the hot water heater
7. Use its best efforts to install a gravel drive and a 7,500 sq. R. outside storage
aro at rear of building.
m cin COUM
June. 25, 2006
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