HomeMy WebLinkAbout2000-12-11 01-75 ORDERItem No. 01-75
Date: 12-31-00
Item/Subject ORDER Authorizing Execution of Third Amendment to Amended and Restated
Indenture of Lease —General Electric Company
Responsible Department Legal
The City Council and General Electric Company executed an Amended and Restated Indenture of
Lease on June 30, 1993. The Lease gave GE a right of first refusal to a certain parcel of abutting land.
GE would like to amend the lease to include part of that adjoining parcel as part of the property chat they
lease.
Manager's Comment:
City Manager
Associated Information:
Budget Approval:
Finance Director
Legal Approval:/
City Solicitor
_ Passage
_ Reading Page—of—
First
Referral
AssigMd ro Councilor December it, 20oe
TED„:•; CITY OF BANGOR
TE
(TITLE.) Order, AuMorizing the City Manger to Execute a "Third Amendment to
Amended and Restated Indenture of Lease”- General Electric Company
By Hie Oty Cwnc# of City ofearga:
NOW. THEREFORE. it is ORDERED Maz:
The City Manager is hereby as lro iad to execute a Third tournament to Amended and Restated
IMentme ofLaaae between the City of Bangor and Gemmel Electric Company dated lune 30, 1993. A
copy of and Amendment is attached hereto.
IN CITY COUNCIL
December 11, 2000
Motion for Passage Nada
and seconded
Passed
IQ T4 Q.612 v
01->s
ORDER
Title, authorizing the city Manager to
Restore a i rd Ameudmeut to amended and
Restated Indenture of Lesse" - Cenral
Electric Company
Assigned to
Councilor
01-75
THIRD AMENDMENT TO RESTATED INDENTURE OF LEASE
WHEREAS, the City of Bangor, a body politic and corporate organized and
existing under and by virtue of the laws of the Stele of Maine, as Lessor and GeaeM
Electde Company, a mrpomtion organized and existing under and by virtue of the laws
of the Some of New York, are parties to a certain "Amended and Roamed Indenture of
Lease" dared June 30,1993 (the "Lease'; arta
WHEREAS, the parties amended the Lease on August 30,1994 by extending a
"First Amendment to Amended and Restated IMentur s of Leese" and on Juce 23,1995
by executing a"Second Amendment to Amended and Restated Indenture of Lem".
WHEREAS, said parties wish to amend the Lease In incorporate provisions far
the lease of additional land contiguous to the lensed premises.
NOW, THEREFORE, the parties mutually agree that the lease is amended by
replacing Exhibit A referenced on page 3 of the Lease and attached thereto with Exhibit
A attached m this Third Amendment to Restated IMentme of Lease.
It is understood and agreed that, except as modified by the provision above, the
parties' Lease, as previously smevded, shall remain in full force and effect.
M WITNESS WHEREOF, the parties hereto have caused this "Third
Amendment M Amended and Restated Indentme of Lease" to be executed on this
day of December 2000 by Edward A. Barrett and WilRarn A. Cox their resptetve
officers, hereunto duly authorized.
Witness CITY OF BANGOR
Edward A Barrett
Its City Mmmger
Hereunto Duly Authorized
Witness GENERA[, ELECTRIC COMPANY
Name:
Title:
Hereunto Duly Amlrorized
STATE OF MAINE
PENOBSCOT, as December , 2000
Then Personally appeared the above-named Edward A. Barrell, City Manager for
the City ofBaugm and acknowledged Ne foregoing inatrumentto be his free strand
dead in Ids said capacity and Ne free as and deed of the said City of Bangor.
Before me,
Notary Publia'Abomey-at-Law
Name:
Commission expires:
STATE OF MAINE
PENOBSCOT,ss Decanber ,2000
Then personally appeared the above-named William A. Cox, Plant Manager for
the General Electric Company, and acknowledged (be foregoing instrument to be his flee
act and deed in his said capacity and the free act and deed of the said General Electric
Company.
Before me,
Notary Public/Atromey-at-Lew
Name:
Comrmssion expires:
OI -05
I
I
----------------- ._._._._._._._._._.
I 1559.'i B'
I
CURRENTLY LEASED PARCEL
(GENERAL ELECTRIC,CO.)
--------------------
GRIFFIN ROAD __ _. _..
POLK STREET
xmwT NUMBERS ARE FROM A PLAN TIMER
BIA.COWR IAL INDUMMEAL PARE LATER JUNE FIFTH
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