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<br />I <br /> <br />I <br /> <br />. <br /> <br />DELETED <br /> <br />Sponsored by: Janke <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2000-044 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, AUTHORIZING THE CITY MANAGER TO ENTER INTO A <br />NEW LEASE AGREEMENT WITH JAMES T. PRUITT FOR A PORTION <br />QF TRACT A, NORTH HARBOR SUBDIVISION, SEWARD RECORDING <br />DIsTRICT, THIRD JUDICIAL DISTRICT, STATE OF ALASKA, FOR THE <br />PURPOSES OF OPERATING A GASOLINE STATION AND RETAIL <br />MERC~NDISE FACILITY. <br />"- <br />" <br /> <br />WHEREAS;)ames T. Pruitt (Lessee) has proposed a lease term extension to his existing <br />lease agreement, Lease~mber RE-84-043 with the City of Seward for a portion of Tract A, North <br />Harbor Subdivision, Sewatq Recording District, Third Judicial District, State of Alaska, for the <br />purposes of operating a gasoli~ station and retail merchandise facility; and <br /> <br />WHEREAS, the current le~e has been in effect since May 1, 1984 and the Lessee has <br />established a gasoline station and retail'merchandise facility on the leased land; and <br /> <br />, <br />" <br />WHEREAS, the Lessee has recentlY'\:ompleted extensive capital improvements to the leased <br />, <br />property and desires to take advantage of impr{)ved financing arrangements and can only do so by <br />extension of his lease term; and '^'. <br /> <br />WHEREAS, the City desires to update the fo1'Q1 and content of the old lease and bring the <br />lease up to date by terminating Lease Number RE-84-043. and entering into a new lease agreement <br />with Lessee using current forms, terms and conditions in cohjpnction with the lease term extension; <br />and' <br />WHEREAS, it is in the public interest to promote continu~d and increased retail activity of <br />this type within the City and benefit the community through stabilitY,. lob growth and other related <br />economic impacts; ", <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COU~ OF THE CITY <br />OF SEWARD, ALASKA, that: '-'__ <br />" <br /> <br />Section 1. It is the public's interest to enterlnto a new lease agreement with J~~. Pruitt <br />for this property. , <br />, <br /> <br />Section 2. The City Manager is hereby authorized to enter into a new lease agreement w~' <br />James T. Pruitt, attached and incorporated herein by reference, in substantial form as attached hereto, <br />to record a lease memorandum to reflect such lease, and to make such changes to the attached lease <br />as necessary to finalize lease between the parties but without changing the substantive terms as <br />described in the attached lease. <br />