HomeMy WebLinkAbout2005-03-28 05-109 ORDERCOUNCIL ACTION
Item No.
Date: March 28, 2005
Item/Subject: Authorizing the CM Manager/and or Airport Director to Enter into a Bankruptcy
Repayment Agreement with USAirways Pending Approval to the Bankruptcy Court
Responsible Department: Airport
Commentary
USAiways, an aidine serving Bangor International Airport, recently entered bankruptcy.
USAirways owes payments to Bangor International Airport for use of Airport facilites and the
terms of the agreement are favorable to the Airport providing payment of 50% of Landing Fees
and Common Use Area fees and the balance of other fees over a 12 -month period.
Rebeaa L Hupp
Department Head
ManageYs Comments: 7k r/r..m,j hu.
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Associated Information:
Budget Approval:
Flnance Director
Legal Approval:
Introduced for
x Passage
_ First Reading
Referral
Page — of
05-109
m ^ Assigrea cu ComcUur 11'Hi Co w[ce 29, 2005
CITY OF BANGOR
(TITLE.) Resolve, Authorizing the City Manager and/or Airport Director to Enter into a
Bankruptcy Repayment Agreement with USAirways Pending Approval of the Bankruptcy Court
WHEREAS, USAirways owes payments to Bangor International Airport for use of Airport
facilites; and
WHEREAS, the terms of the agreement are favorable to the Airport providing payment of 50%
of Landing fees and Common Use Areas fees and the balance of other fees over a
12 -month period.
BE ITREBOL YEO BY 771E CITY COONCIL OF THECIfY OF BANGOR, 7HAT... the City Manager
and/or Airport Director Is hereby authorized to enter into a bankruptcy repayment agreement
with USArways pending approval of bankruptcy court
'IN CITY COUNCIL
North 28. 2005
passe
A Copy, Attest;
CITT C
y 05-109
I
�' Tl EJAuthoriting the City Naaager and/or
Airport Director t0 Eater into a Bankruptcy
Repayment pgreeeent_Nith US rvays yeoliug
Approval of the Bankruptcy Caurt