HomeMy WebLinkAbout2005-10-24 05-338 ORDERImm R005 338
Date: October 24 2005
Item/Subject: Authorizing an Amendment to the Indenture of Lease between the any of Bangor
and the United States of America, Federal ANation Administration
Responsible Department: Airport/ linugr Corporation/Community& Economic Development
The lease agreement between the City of Bangor and the Federal Aviation Administration for Building
#96,138 Maine Ave., which began in 1993, continues for the period of October 1, 2005 to September 30,
2006.
We have renegotiated the rental amount based on the current cost of services and utilities. Inning the
prior year the cost of providing heating oil increased considerably, and the Federal Aviation
Administration has agreed to increase the aunual rent by $4,332 (5.64%) from $16,895 to $81,207
annually to reflect the increase In file City's costs. The new rate will be payable monthly in the amount of
$6,767.25.
The Business and Economic Development Committee recommends your approval.
Department Head
Finance Director
X Passage
_ First Reading Page X of 2
Referral
Attignd to Coancilw D•Brrico OCT? a 5005
F ."
CITY OF BANGOR
(TITLE.) Order, Audbanzing an Amendment W the Indenture of Lease between the City Of
Bangor and the United Stabs of Amema, Federal Aviation Administration
WHEREAS, Che Federal Aviation Adminhtra4an'S S tmr Fadlldes Operation provides a Valuable
service to Bangor Ntematlonal Airport and other airports in Maine; and
WHEREAS, the Federal Aviation Minimstrabon has a lease for Office space at 138 Maine Ave.
that continues through September 30, 2006; and
WHEREAS, the lease agreement with the Federal Aviation Administration allows for the
renegotiation of the rental amount based On the anent cast of services and utilities provided
by Me Lessor;
NOW, THEREFORE. BE IT ORDERED BY THE CITY COUNCIL OF 711E O OF BANGOR
THAT Me City Manager is hereby autor¢ed, on behalf Of the City of Bangor, to meoute an
Amendment to the Indenture Of Lease between the City of Bangor and the United States of
America, Federal Aviation Administration Mat changes Me annual lease rate from $]6,8]5 M
$81,207. The amendment vdll be In a form approved by the Ory Solicitor or Assistant City
Solicitor.
xx tris comma � 1 ,.
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