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HomeMy WebLinkAbout2001-01-22 01-109 ORDERItem No. 01-109 Date: January 22, 2001 Item/Subject: ORDER, Authorizing the City Manger to Execute a Parking Agreement— General Electric Company Responsible Department: Community & Economic Development Commentary: As part of General Electric's expansion at its Maine Avenue location, our Code requires that they have an additional thirty parking spaces at that location. The attached Parking Agreunent will provide for GE's use of a City lot on Florida Avenue next in their GE Mame Avenue kneader. This will enable them to meet the parking requirements. City Manager Finance Director _ Passage _ First Reading Page _ of Referral 01-109 Assigndto COuncilof Blanchette January zz, 2001 CITY OF BANGOR (TITLE.) Orcler, Authorizing the City Manger to Execute a Parking Agreement— General Electric Company By CHyC IW of the CXJ'olhargon NOW, THEREFORE, it is OROERE00ut The City Manager is hereby authorized to execute a Parking Agreement betureen the City Of Bangor and Genual Electric Company. Said Parking Allotment shall be in substantially the fmtn as attached hirers. IN CITY COUNCIL January 22. 2001 Notion to Suspend the Rules to Consider Council Order 101-109 Node and Seconded Rules Suspended Notion for Passage Made a" Seconded Passed a 01-109 ORDER TICIe. Authorizing the City Manager to Execute a Parking agreement - general Electric Company Assigned t0 Councilor Blanchette Councilor 01-109 This Parking Agreement by and between the City of Bangor, a body politic and corporate organized and existing under and by virtue of the haws of the State of Maine, as Lessor and General Electric Company, a corporation organized and existing mader and by virtue of the laws of the State of New York. wBEREAS, the City is the owner of a certain lot located mat to General Electric Company premises on Maine Avenue, the city's lot designated as "GE Parking Are" on the attached sketch; and WHEREAS, General Electric Company wishes to use the City's lot for parking for its employees, the partes hereby agree as follows: 1. Premise: -The City of Bangor for and in consideration agrees that it shall mat all the parking spaces to General Electric Company on the premises designated as "GE Parking Area" on the attached sketch for the purpose of employee parking. 2. Term: -ilia Agreement shall be for a term of one (1) year, provided that either party may terminate with thtrty (30) days notice to the other parry. 3. Improvement: -No improvements of permanent nature shall be made W or installed upon the City's lot by General Electric Company without prior written permission of the City. 4. Maintenance: -In consideration ofthis agreement General Electric Company shall maintain the City's lot including snow plowing. S. Immance: - General Electric Company agree to maintain at all times during the period this agreement shall mnain m effect comprehensive general liability iasmance coverage in the meant of $400,000 per person / $400,000 per occurrence. The City's lot shall be listed as award premises on the applicable policybinders. General Electric Compmryherebyagreaflatitwill indenmify ant hold the City hamdess for all claims of my person arising out of use of the City's lot by General Electric Company, its employecs, guests or invitees. General Electric Company shall fimdsh to the City evidence in the form of certificate of insurance of the existence and continuance m force of the insurance raluhed. The City shall be notified of my changes or discontinuance of coverage. 6. Rental: - General Electric Company agrees to pay to the City, in advance, the sum of One Dollar ($1.00). 01-109 WITNESS the following sigoetxm and seals this _day of 2001. CITY OF BANGOR By. Name: Title: GENERAL ELECTRIC COWANY By: Name: Title 01-109 EXHIBIT A m 164. 9 i6 6 Q �M GE 164. / PARKING AREA O p o 0 �V GENERAL ® ELECTRIC BUILDING