Loading...
HomeMy WebLinkAbout1999-04-26 99-163 ORDERCOUNCIL ACTION Date: April 26 1999 Item No. 99-163 Item/subject: Authorizing Approval of a Sublease Agreement between Hogan Road Motors and Jerry D. Conn Responsible Department: Community 6 Economic Development Co®entary: The City leases land for the Beacon Cadillac Oldsmobile and Jeep dealership at 361 Griffin Road. In conjunction with the acquisition of the sets of the dealership from Jerry D. Corm, Hogan Road Motors has subleased the property subject to City approval. Provisions for subleasing are in the lease, and this request for the consent of the City of Bangor to the sublease complies with those provisions. The term of the lease with Jerry Conn continues to July 2006, with two 10 -year renewal options. This Order e would authorize the City Manager toe cute a landlord's content for Jerry Conn to sublease the property to Hogan Read Motors. The BanAir Board of Directors recommends approval. (Jack B. Quirk is President of Hogan Road Motors) Dreaa manager -s Casements: City Manager Associated Information G' Budget Approval: Z�v Fin cc Director xntroduced For Vi Passage O First Reading ❑ Referral I. ft L Page 1 of 1 99-163 Nipped to Cw ae Vavd u Apra 26, 1999 CITY OF BANGOR (TITLE.) (OrbeT Authorizing Approval of a Sublease Agreement between Hogan Road Motors and Jerry D. Conn. BY the City CoaneB of CRY of 1841410r. ORDRRRA TEAT WHEREAS, the City of Bangor is the owner of an airport commonly known as Bangor Intemational Airport, formerly known as Dow Air Force Base, located in the City of Bangor, County of Penobscot, State of Maine; and WHEREAS, by Indenture of Lease dated July 28, 1976, and amended July 14, 1987, Beacon Cadillac Oldsmobile & Jeep, under As former name of Beacon Motor Company, agreed to the lease by the Lessor of Lot 9 in the BIA Commercial / Industrial Park subdivision, Bangor International Airport; and WHEREAS, by "Landlord's Consent and Agreement to Leasehold Mortgage" dated July 3, 1991, the Lease was assigned by Beacon Cadillac Oldsmobile & Jeep to Jerry D. Conn and in turn subleased by Mr. Conn to Beacon Cadillac Oldsmobile & Jeep with the acknowledgement and consent of the City of Bangor; and WHEREAS, Jerry D. Conn has or shortly will execute and deliver to Hogan Road Motors a sublease whereby Jerry D. Conn will sublease Lot 9 in the BIA Commercial / Industrial Park subdivision to Hogan Road Motors; and WHEREAS, the City of Bangor has agreed to the terms of the Sublease; and WHEREAS, as a condition precedent to the Sublease being effective, Hogan Road Motors has required the consent of the City of Bangor. NOW THEREFORE BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT the City Manager is hereby authorized, on behalf of the City of Bangor, to execute "Landlord's Consent to Sublease", in a farts approvetl by the City Solicitor or Assistant City Solicitor, regarding an existing lease between Beacon Cadillac Oldsmobile & Jeep and the City, of Bangor dated July 28, 1976, and amended July 14, 1987. n un COB.Cli. 9pxi1 26. 1999 Passed 99-163 ORDER 1RY Titley lveemmisia8 approval of a sub- lease ABTeeneuC Betvem Hogan Boad ..tare and .je�.... D. Com ..................................... ........................................I/�, Assigned to a:J aav ......V l.IW.^:4J.^/ -sw-. D V......... Councilman