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MEMORANDUM To: Airport Committee From: Tony ... - City of Bangor

MEMORANDUM To: Airport Committee From: Tony ... - City of Bangor

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thirty (30) days prior to the expiration <strong>of</strong> the Lease either party gives the other notice <strong>of</strong> intent<br />

not to renew. The parties shall negotiate any change in the amount <strong>of</strong> the rent. If at the time<br />

the Lease is scheduled to automatically renew Lessee is in violation <strong>of</strong> any provision <strong>of</strong> the<br />

Lease, Lessor may refuse to permit Lessee to renew the Lease.<br />

At the end <strong>of</strong> the first renewal <strong>of</strong> the Lease, this Lease shall automatically renew for a<br />

period <strong>of</strong> one (1) year (June 1, 2015 through May 31, 2016) under the same terms and<br />

conditions, with the exception <strong>of</strong> the rent, unless thirty (30) days prior to the expiration <strong>of</strong> the<br />

Lease either party gives the other notice <strong>of</strong> intent not to renew. The parties shall negotiate any<br />

change in the amount <strong>of</strong> the rent. If at the time the Lease is scheduled to automatically renew<br />

Lessee is in violation <strong>of</strong> any provision <strong>of</strong> the Lease, Lessor may refuse to permit Lessee to<br />

renew the Lease.<br />

ARTICLE III - COMPUTATION OF ANNUAL RENTAL<br />

The rent to be paid by Lessee to Lessor during the term <strong>of</strong> this lease shall be as follows:<br />

For the year term <strong>of</strong> the lease from June 1, 2013 through May 31, 2014 rent shall be<br />

paid at the rate <strong>of</strong> $235.00 per month.<br />

Lessee shall pay all rentals herein required in advance on the first day <strong>of</strong> each and every<br />

month without prior demand therefor, in lawful money <strong>of</strong> the United States, at the address <strong>of</strong><br />

the Lessor as set forth herein or at such other reasonable places as the Lessor may designate.<br />

Late payments shall be subject to an additional interest charge <strong>of</strong> one and one-half per cent<br />

(1.5%) per month to the date <strong>of</strong> payment.<br />

ARTICLE IV – USE, OCCUPANCY AND ALTERATIONS TO PREMISES<br />

A. Lessee shall have the right to use, occupy and maintain the premises herein<br />

described in a reasonably businesslike, careful, clean, and reasonably safe manner for the<br />

purposes <strong>of</strong> having an <strong>of</strong>fice and storage space, and for no other purposes whatsoever without<br />

the prior written consent <strong>of</strong> the Lessor whose consent shall not be unreasonably withheld.<br />

B. Lessee shall not use, occupy or maintain said premises in any manner as to<br />

violate any municipal, state, or federal law or regulation, and, in particular, regulations <strong>of</strong> the<br />

Federal Aviation Administration relating to the operation <strong>of</strong> <strong>Bangor</strong> International <strong>Airport</strong> as a<br />

public airport.<br />

C. Lessee shall make a good faith effort to inform its employees and visitors <strong>of</strong> the<br />

rules and regulations <strong>of</strong> the <strong>Bangor</strong> International <strong>Airport</strong> and shall cooperate in every way with<br />

the <strong>Airport</strong> Director to ensure that such rules and regulations are obeyed.<br />

D. Lessee shall have the right to make alterations and improvements to the<br />

premises as it may choose, subject to the prior written approval <strong>of</strong> the <strong>Airport</strong> Director which<br />

shall not be unreasonably withheld, and provided that such alterations, additions and<br />

improvements do not weaken the structural integrity <strong>of</strong> the buildings, nor decrease its<br />

functional quality or value, and further provided that any such work shall be done entirely at the<br />

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