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HomeMy WebLinkAbout2006-06-12 06-206 ORDERItem No. C6 206 Date: June 12, 2006 Item/Subject ORDER, Comsentto SublcessamlamermmeaAW lease agreement Responsible Department: Community a Ecemmnlc Development Cannnesia": QV Really Trust requests the City of Bangor's consent to the sublease of Lot 9 in the BIA Commercial / Industrial Parc, 361 Griffin Rd. to Enterprise Rent-A-Car Company of Boston, Inc. Background The lease agreement between the City of Bangor and QV Realty Trust for Lot 9 continues until July31, 2016 with two (2) options often (10) years each to a#end the lease to 2036. The monthly lease rale is $1,576.63 through July, 2006. A new rate is being negotiated for the period August, 2006 through July 2016. The lease agreement requires the consent of the City of Bangor to a sublease. The lease agreement also limits the uses of Lot 9 to `constructing, operating and maintaining an automotive sales and services agency'. Therefore the lease must be amended to allow the intended use, car rental. This matter has been reviewed by the Airport Department and the Legal Department. Neither department has an objection to this action. Recommendation Staff recommends; 1. Approval of a sublease to Enterprise Rent-A-Car Company of Boston, Inc. in accordance with the conditions outlined in the lease agreement 2. Amend the lease agreement to include automobile rental agency as an allowable use Department Mead Manager's Cormnenta%: fCity Manager Assptlsted Ddormil ofdv-' Budget Approval: Finance Director Legal Approval: ty 5olkltor aced for Passage _ Firit Reading Page _ & _ Referral Assignedto Councilor eaves Jesse 12. 2008 �< CITY OF BANGOR (TITLE.) ORDER "hording lea City Manager 0 exemia a'LandbMN Consent to SuMeaee°and to execuls a Third Amendment Indenture of Leese. Lot 9, BIA Continental / Indmbbl Park BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT WHEREAS, Me City of Bangor is the ower of mdein real aerate, Lag in the BIA Commercial I Iwool Parlit, located W or rear 381 Griffin Road in Bangor, Maim (Me'Prembeal and WHEREAS, that City of Bangor leased the Premises M Be oon Cadillac Oksmobile AJeep ("Beacon') under Its former mine 0 Beacon Morar Company, pursuant M the terms of an Incenbre of Lessee Mretl July 28, 1976. as sunt Indenture of Lease may have bean amended from time b time (Me Indenture of Lease m as amended a herelmfler referred to as tIe'Leaee'): and WHEREAS, the Lease was assigned W Beacon to Jan D. Conn ('Mr. Conn') and in tum subleased by Mr. Cann to Hogan Romd Moles with the ackreMetlgmeM and consent of Ma Cly of Bangor. and WHEREAS, Mr. Conn ampred Me Leasa W OV Really Twat Who Me acknwdeagment and mnsenl of Me Cly of Bargee and sold Me Improvements lamed en Me Premises M OV Ready, Twat ant WHEREAS, OV Rrelty Trust wishes M sublease the Premises M Entemriee Rent-A-Cer Company of Boston, Ini for operation as a automobile renal ages and WHEREAS, Me Lease rears the use of he Premises to'conswro ing, operating and maintaining an aulanalive sales ant seNices agamy. NOW THEREFORE BE R ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT: A the City Manager is hereby auhodzed, on halal( died City a Bangor. to execNe 1,andbrdB Coment to Sublease", au8eriang the subbase of the Premises to Enterprise Rent-MCar Company of Boston, lm. In a form approved by Me City Slider or Assistant Ciy Bohai regarding Me exJedrg Lease beMaen Beacon and the City of Bangor dated July 28,1878, amended Juy 16,198] aM October0, 2001, and asslgnetl W OV ReallyTAsteW pmvded Mat themMiromaremMasmdiredin Adbk XIXASSIGNMF .BALEANDSUBLETTINGof Me Lease. B. the Gy Manager is Mreby awdotzed, on Wall of the City 0 Bareor, b execute Th'vd Amendment W Indenture of Lease", In aform approved by the Cly Snllcitor or Assistant City Solicitor, regarding Me edstlre Lease bMaeen Beemn and Me City of Bangor dated July 28. 1976, amended July 1a,1987 and October 6, 2001, ant assigned to OV Really Trust. The Third Amendment wily ant automobile rental agency as an albeabb use under gre Leese. I CIW WMCIL Jame I , 2006 Paaa 06-206 oenee Clsr cL�s (LUCAutLorizing the Clt9 MaaaBer t exec lease and to execute a i Amvdvev[ Ivdevtare o e. Il du rial .wipmmcaaam��a. /A/;