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HomeMy WebLinkAbout2005-03-28 05-114 ORDERItem No. 05-114 Date: Mardi 28. 2005 Item/ Subject: ORDER, Authon2ing Termination ofhving Oil Corporation Lease -690 Maine Avenue Responsible Department: Community & Economic Development This Order would authorize the termination of the Jesse between the City and Irving Oil Corporation for Irving's lease of land From the City at 690 Maine Avenue. The termination would take place at the note the City purchases the buildings and improvements from the Irving Oil Corporation. Department Head Managers Comments: Recommend approval. (/''yy r� �� ?7A�oejai am * Oty Manager Associated Information: �t i" Finance Director err G Solicitor X Passage _ First Reading Page _ of Referral 05-114 Asaigned W Councilor Cratn ck March 28. 2005 ° CITY OF BANGOR (TTFLE.) order, AuMoridng Termination of Irving Oil Corporation Lease- 6% Maine Avenue WHEREAS, Irving Oil Corporation and Me Bangor Airport CiWc Oevelolunent Corporatron (Ba"r) are prides W a Contract for Sale dated March 18, 2005 for the purchase by BanAir of the Irving Oil Corporation buildings at 690 Maine Avenue; and WHEREAS, said buildings are located on land owned by the City of Bangor and leased by Wing 011 Corporation by an Indenture of Lease dated August 4, 1992; and WHEREAS, Wing Oil Corporation has requested Mat the said lease be tenninated upon the sale of the buildings; NOW, THEREFORE, BE IT ORDERED BY THE CRY COUNCIL OF THE CRY OF BANGOR THAT the City Manager is hereby authodxed and directed on behalf of the City of Bangor to execute a termination of the lease beWmen Irving Oil Corporation antl Me City of Bangor, dated August 4, 1992, R Me Irvng 011 Corporation buildings located at 6% Maine Avenue are said pursuant to the Contract for Sale betvremon Irving Oil Corporation and BanAlr Corporation. n CITY, WMCIL March 28. zoos/. p 05-114Motion Rade and seconded for Passaea (TITLMJ a .fng av ll Corpa[atlw Lease - 6909Xaine Avenue Aviped to Couneiltr r,��iM.✓2/Wil. ✓1 'V�