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
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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 "
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for Paeeege
pasha y' - OMO EH
ITTLEd AutBotffiiog Ule of Building and
Wrovecents at 690 Naive Avewe y
Irving 011 Co"Oration
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