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HomeMy WebLinkAbout2005-03-28 05-113 ORDERRem No 05-113 Date: Marts 2R. 2005 Item/Subject: ORDER, Auffi mg Sale of Buildings and Improvements at 690 Maine Avenue by Irving Oil Corporation Responsible Department: Community & Economic Development Commentary: The land lease between the City and Imng Oil Corporation stipulates that Irving must have the City's consent before it may sell Its buildings and improvements at 6% Maine Avenue In a third parry. This Order would auMonze the City Manager to execute a consent on behalf of the City allowing Irving to sell these buildings and Improvements pursuant to the Contract for Sale between the Irving Oil Corporation and the BanAir Corporation. Department Head Manager's Comments: Recommend approval. A s City Manager /.ouL Z-1 Finance Director city Solicitor i passage _ First Reading Rage _ Of Referral 05-113 AssigneE so Guncilw Oreem March 28, 2005 °• ee `ov CITY OF BANGOR (TITLE.) Order, AudiMzing Sale of Buildings and Imp rraonts at 690 Maine Avenue by Irving Oil Corporation WHEREAS, Irving Oil Corporation and the Bangor Airport Clw Development Corporation (BanAir) are parties to a Contract for Sale dated March 18, 2005 for the purdmSe by BanAir of dre Irving 011 Corpa n buildings at 690 Maine Avenue; and WHEREAS, said buildings are located on land owned by the City of Bangor and leased by Irving Oil Corporation by an Indenture of Lease dated August 9, 1992; and WHEREAS, said lease provides that the mment of the City of Bangor Is mulred for die sale of Bald buildings; NOW, THEREFORE, BE IT ORDERED BY THE CRY COUNCIL OF THE CRY OF BANGOR THAT the City Manager Is hereby auMorized and directed on bdiad of Me City of Bangor W execute a m nt auMoring Irving Oil Corporation W sell Bald buildings pursuant to the Contract for Sale between Una Irving Oil Co tawI and de BanAlr Cn ration. IN CITE COOBCIL Na tfi 28. 20005 " Na ion Made d Secomaled _ - p 05-113 for Paeeege pasha y' - OMO EH ITTLEd AutBotffiiog Ule of Building and Wrovecents at 690 Naive Avewe y Irving 011 Co"Oration Astlgued to Cqunellor i�1aAJ d `��