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
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Assigned to
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Councilman