HomeMy WebLinkAbout2001-08-27 01-339 ORDERCOUNCIL ACnON
Item Nw 01-339
Date: August 27, 2001
Item/Subject: Resolve, Thu[ 1200 000 b la[etl f A" rt fo th pose
of makino myrovement5 to Hancar 0
Responsible DepurtmenC Airport
Commentary: The Telford Group currently leases part of Hangar One and would like to lease
the balance of the hangar. The hangar requires apprmdmately $250,000 in renovations. The
Telford Group is willing to do the renovations but is rquesting that the Airport give them credit
for 80% of the cost of the renovations, up to $200,000, towards amounts due the Airport from
them. By allowing this, the Airport is gaining significant Improvements to this building at 80%
of the cast and supporting the further development of an Airport tenant The Airport's finance
manager will audit the final costs.
Rebecca Huoo
Interim Department Head
Manager's Comments:
C(x�sr�'ca.r�(midq�r
City Manager
Associated InAwmatlom
Budget Approval: 2W41�
sz67a/
Finance Director
Legal Approval:
ity Solicitor
[nlrod¢CCd for
Passage
X First Reading
_ Referral
page—of—
01-339
Aeaiged to Coaveilar em y Aagost 27, 2001
1a CITY OF BANGOR
(TITLE.) Resolve, That $200,000 be 'road from A' rt reserves fa th of
maMnQ Improvements to Hangar 0
RE -900M
Whem?4 Improvements need to be made to Hangar One in order to lease the remaining
portion of the buidling; and
W waa; The Telford Avlaiton Group is willing to do the renovations;
NOW, THEREFORE, BE 1T RESOLVED BY THE CITY COUNCIL OF THE CITY OF BANGOR that
$200,000 be appropriated From unappropriated Airport Department reserves for the purpose of
maleng improvements to Hangar One.
AND BE IT FURTHER RESOLVED that the France Director Is hereby authorized to place this
annum in the appropriate account.
IN CITY COe9CI1
Avgoet 27. 2001
n I Reath
I9 CITY C009CIL
September 11, 2001
MOHw Mede ammi
Setomded for Passage
eamaed
x
01-339
ORDER
Title, xbat $200,000 be Approprriatea
It" Afrport Reserve for the Wipose
of Making Ieprovmmts to Ranger Ooe
Assigned to
� I
y, ,,,�;