HomeMy WebLinkAboutRes2000-056
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CITY OF SEWARD, ALASKA
RESOLUTION 2000-056
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, AUTHORIZING THE CITY MANAGER TO ENTER INTO A
NEW LEASE AGREEMENT WITH JACK SCOBY FOR A PORTION OF
BLOCK 8, OCEANVIEW SUBDMSION, SEWARD RECORDING
DISTRICT, THIRD JUDICIAL DISTRICT, STATE OF ALASKA, FOR THE
PURPOSES OF OPERATING A RETAIL MERCHANDISE FACILITY.
WHEREAS, Jack Scoby (Lessee) has proposed a lease term extension to his existing lease
agreement, Lease Number RE-68-0n with the City of Seward for a portion of Block 8, Ocenaview
Subdivision, Seward Recording District, Third Judicial District, State of Alaska, for the purposes of
operating a retail merchandise facility; and
WHEREAS, the current lease has been in effect since November 9, 1988 and the Lessee has
established a retail merchandise facility on the leased land; and
WHEREAS, the Lessee has recently completed extensive capital improvements to the leased
property and desires to take advantage of improved financing arrangements and can only do so by
extension of his lease term; and
WHEREAS, the City desires to update the form and content of the old lease and bring the
lease up to date by terminating Lease Number RE-68-0n and entering into a new lease agreement
with Lessee using current forms, terms and conditions in conjunction with the lease term extension;
and
WHEREAS, it is in the public interest to promote continued and increased retail activity of
this type within the City and benefit the community through stability, job groWth and other related
economic impacts;
NOW, THEREFORE, BE IT RESOLVED BY mE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. It is the public's interest to enter into a new lease agreement with Jack Scoby for
this property. The lease rate provided in the lease is at the City's recently appraised Fair Market
Rental Value.
Section 2. The City Manager is hereby authorized to enter into a new lease agreement with
Jack Scoby, attached and incorporated herein by reference, in substantial form as attached hereto, to
record a lease memorandum to reflect such lease, and to make such changes to the attached lease as
necessary to finalize lease between the parties but without changing the substantive terms as described
in the attached lease.
CITY OF SEWARD, ALASKA
RESOLUTION 2000-056
Section 3. This resolution shall take effect thirty (30) days after its adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 12th
day ofJune, 2000.
THE CITY OF SEWARD, ALASKA
E~ /l~l..t I
Edgar Blatchford, Mayor
AYES:
NOES:
ABSENT:
ABSTAIN:
Calhoon, Clark, King, Orr, Shafer, Blatchford
None
Brossow
None
ATTEST:
/~/~
Patrick Reilly
City Clerk
(City Seal) II..,
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