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HomeMy WebLinkAboutRes1986-103 . . . . . Sponsored by: Garzini CITY OF SEWARD, ALASKA RESOLUTION NO. 86-103 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, AUTHORIZING THE ISSUANCE OF A LONG-TERM LEASE TO BRAD SNOWDEN FOR LOT 5, BLOCK 1, MARINA SUBDIVISION WHEREAS, the City of Seward has requested proposals for the lease and development of Lot 5, Block 1, Marina Subdivi- sion; and WHEREAS, the City Council has accepted the proposal submitted by Brad Snowden as being compatible with the needs of the community and in conformance with the Land Use Plan and the Seward Urban District Zoning Code; and WHEREAS, a public hearing has been held in accordance with the Seward City Code; and WHEREAS, the City Council finds it in the public interest to proceed with the lease of said city property to Brad Snowden for the development of an eight unit shopping mall; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The City Manager execute the attached long-term incorporated by reference, with Block 1, Marina Subdivision. is hereby authorized to lease, which is herein Brad Snowden for Lot 5, Section 2. This resolution shall take effect 30 days following its adoption. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, this 8th day of December , 19 86 . THE CITY OF SEWARD, ALASKA -1- . . . . . CITY OF SEWARD, ALASKA RESOLUTION NO. 86-103 AYES: NOES: ABSENT: ABSTAIN: ATTEST: DUNHAM, GIESELER, HILTON, MEEHAN & NOLL NONE BOOHER & SIMUTIS NONE APPROVED AS TO FORM: HUGHES, THORSNESS, GANTZ, POWELL & BRUNDIN, Attorneys for the City of Seward, AK (City Seal) 7~ (//~ Fred B. Arvidson City Attorney -2- . . . LEASE AGREEMENT - 11.J: This Lease Agreement made and entered into this da: of '2.1/\1' I". t.,. '\ , 19F;;, between the CITY OF SEWARD, a I )me rule municipal corporation located in the Kenai Peninsula Borough, StatE of Alaska, LE SSOR, hereinafter referred to as "City", and BRAD SNowr :N, hereinafter referred to as "Lessee." WIT N E SSE T H: WHEREAS, City and Lessee are mutually interested i 1 the deve Jp- ment of marine related facilities in the Marina Subdivision )f the eit: of Seward, Alaska; and WHEREAS, Lessee has demonstrated to City an intenti)n to cont lue the development of marine related businesses to serve the pee ~le of Sew, 'd; and . WHEREAS, City has determined that Lessee's intenticls and genl 'al development plans coincide with the public interest of the city and \ ill provide increased tax revenues and rental income to City; NOW, THEREFORE, FOR AND IN CONSIDERATION OF THE REtTS, COVENAt rs, AND CONDITIONS HEREIN CONTAINED, CITY AND LESSEE AGREE AS FOLLOWS: ARTICLE I. DEMISE. City leases to Lessee, and Lessee lei 3es from City that certain real property herein called "Leased Land," situ. ':ed in Seward, Al aska, consisting of approximately 8,500 square =eet, as sl )wn on Exhibit "A" attached hereto and as more particul arly described as follows: Lot 5, Block 1, Marina Subdivision, within the City of Seward, Alaska (more precisely shown on Exhibit "A" attached hereto) ARTICLE II. CITY'S WARRANTY OF QUIET ENJOYMENT. Lessee, I Jon paying the rent and other charges herein provided for and observing lnd keeping the covenants, conditions and terms of this Lease or Lessee's r art to be kept or performed, shall peacefully and quietly enjoy possess1or of the Leased Land during the term of this Lease without hindrarce by, fror or through City, subject, however, to any encumbrances created or caused by Lessee. . CITY OF SEWARD, ALASKA LEASE AGREEMEN~BRAD SNOWDEN . . ARTICLE III. LEASED LAND ACCEPTED "AS IS". Lessee acknowledges that he has inspected the Leased Land and accepts the same "as is" and without reliance on any representations or warranties of City, or agents of City, as to the physical condition thereof, except as expressly herein provided. Lessee, at his sole cost and expense, shall have the right to raze, tear down or remove any buildings, structures or improvements presently situated on the Leased Land. All funds and proceeds, if any, II obtained by Lessee from the disposition of such buildings, structures or improvements, may be retained by Lessee. Lessee is aware of the easements II as shown on the attached Exhibit "A" and agrees to lease the property I subject thereto. I ! ARTICLE IV. USE OF LEASED LAND. . 1. Lessee may use the Leased Land for the construction and ope rat ion of a marine rel ated bus 1 ness. Lessee understands that construction and operation of such a facility is a major consideration for City's agreement to lease the Leased Land. Lessee agrees that he will not operate any other business on the Leased Land without the consent of City, and City may withhold its consent if Lessee has not constructed and commenced operation of a marine related business by June 1, 1987. Moreover, City may withhold its consent as to any proposed business or activity which, in City's sole discretion, is not desirable or compatible with the city's Small Boat Harbor area. ARTICLE V. LEASE TERM. 1. Commencement and Expiration. thirty (30) years, commencing the 1'-"~- day i h '~q and end ng t e L,. day of -) .i\A, .' U'" I~ t10n of plans, approved by City, has commenced The term of this Lease shall be of - -.J i~ ~ \ i,~ i\ , 1987, , 2017, p'rov1ded construc- prior to June 1, 1987. 2. Options and Extensions. There are no renewal options extending to Lessee under this Lease, but by inaction of the parties, the Lease shall be deemed to continue from month to month. This Lease will not terminate until notice in writing is given by either party to the other, not later than six (6) months prior to the expiration of the Lease Term. 3. Surrender of Possession. (a) Subject to the provisions of Article XI below with respect to restoration of buildings and improvements, upon expiration of the Lease Term, whether by lapse of time or otherwise, Lessee shall promptly and peacefully surrender the Leased Land. . -2- . . . CITY OF SEWARD,~ASKA L~ASE AGREEMEN~BRAD SNOWDEN . (b) Upon the exp 1 rat i on of the Leas, t3rm1nation of this Lease, Lessee agrees to execute, at t) City a proper instrument in writing, releasing and i 11 right, title and interest of Lessee in and to th i~provements thereto not removed by Lessee as provided term or any sooner nowledge and deliver uit-cla1ming to City Leased Land and all lere i n. ARTICLE VI. RENT. The rental for the eased Land shall be catermined and paid as follows: 1. Any and all rental due under this Le i jvance upon commencement of this Lease in quarterl t 3fore commencement of this Lease and on or before Jal 1 and October 1 of each succeeding year. 2. The rental shall be determined as follow, Beginning January 1, 1987, and for the SUCCE the rental rate will be THIRTY-FOUR ($.34) CENTS per ~ ~3t less than ninety (90) days prior to the exp1rat1or )aar City, at its own expense, shall employ an 1nde cppra1ser to determine the fair market rental value €:<clus1ve of Lessee's improvements, at the highest Laased Land and without consideration of Lessee's 1ntE Lnless that use is coincidentally the highest and best Within forty-five (45) days after receipt c ( ity shall provide Lessee a copy of the appraiser raport. If Lessee does not object in writing to that (10) days, the stated rental rate determined by such tor the next succeeding five lease years. The rent, i jjusted every five lease years, commencing with the :anuary, 1990, and every fifth year thereafter. If Lessee gives City written notice of objec rantal rate within ten (10) days of receipt of the lassee shall then engage a second independent MAI ce ~ is sole expense, to make an appraisal of the fair rr the Leased Land at its highest and best use, e ;.nprovements. Lessee shall furnish City a copy of report within ten (10) days of its receipt by Lessee. If the second appraisal reflects a fair mar~ varies from the first appraisal by no more than twent the new rental rate shall be the average of the first conclusions. If the second appraisal reflects a fa varies from the first appraisal by more than twenty L'nless City and Lessee agree on a rate among themselve, ~hall be determined in accordance with the arb1trat1or in Article XV. -3- ie shall be paid in installments on or ary 1, April 1, July ding five (5) years, iuare foot per year. of every fifth lease andent MAI certified of the Leased Land, ,nd best use of the ded use of the land, ise of the Land. any such appraisal, s written appraisal appraisal within ten .ppraisal shall apply rate shall thus be lease year beginning ion to the appraised ppra1sal conclusion, tified appraiser, at rket rental value of ;lusive of Lessee's the second appraisal t rental value which (20%) percent, then and second appraisal r market val ue which (20%) percent, then, . the new rental rate provisions contained . . . CITY OF SEWARD,~ASKA LEASE AGREEME~BRAD SNOWDEN . Lessee's objection to the rental rate and engal appraiser shall not postpone Lessee's obligation to pay tt described in City's notice of rental rate based on the Lessee shall pay City the amount of rental rate as f appraisal until the question of rental adjustment is fir which time an appropriate adjustment will be made, if neec .1 3. Additional Rent and City's RiQht to Cure L All costs and expenses which Lessee assumes or agrees t this Lease or to any mortgage or other encumbrance upon Lessee's leasehold interest shall, at City's electiol additional rent and, in the event of non-payment, City she and remedies herein provided for in the case of non-payme breach of condition. If Lessee shall default in making ar to be made by Lessee, or shall default in performing any condition of this Lease or of any such mortgage or other part of Lessee to be performed which shall involve the e~ by Lessee, City, at City's option, may, but shall not be such payment or, on behalf of Lessee, expend such sum as rr perform and fulfill such term, covenant or condition, an so expended by City with interest thereon at the maximum r of the State of Alaska from the date of such expenditure L be (and shall be deemed to be) additional rent and shall c to City, on demand, but no such payment or expenditure deemed a waiver of Lessee's default, nor shall it affect e City by reason of such default. 4. Late Payment Penalty. Rental payment due, bu the due date shall accrue interest at the rate of twelve annum until paid or the maximum permitted rate under Ala is higher. ARTICLE VII. TAXES AND ASSESSMENTS. 1. Lessee to Pay Taxes. Lessee agrees t delinquency and directly to the taxing authorities in whi is located all real property taxes (plus all personal personal property situate on the Leased Land and placed tt under Lessee's authority), sales taxes, or other business levied or assessed upon or against the Leased Land or thereon or Lessee's business during the Lease Term. indemnify and hold City harmless from liability for any or assessment of any kind or nature. Lessee shall, with after any such tax assessment or other charge constitut Leased Land becomes due and payable, produce and exhibit tory evidence of payment. -4- Jment 0 annual 'i rst a (ed by ill Y re d. 3see's pay p he Leas be i 1 have t of re paymer term, c ncumbrc end1tur bligatE y be ne any an te unde t 11 re r repaic by C1t: yother a Sf on rent. a )rai~ 1. :he rs ) 1 vec a 3faul s. "suar j Lar eate 11 r t or reql re venar 0 th t o a )ht f ce 01 of 1 to, assaI all the fd, ~ by L( sha1 Ine lak t :urn aw lal ,se b reme( , 0 not re eive( b (12%) P rceni pe ka law, whicl !Ve pay h the l ropert~ reon by ruse t any in Lessee ther ta n sixty ng a l' to City )r1or t ased . an taxe 0 Lessf J 0 xes rove! mt gree t , Chi 'ge (60) Jay '" or th sati~ 'ac CITY OF SEWARD,~ASKA LEASE AGREEMEN~BRAD SNOWDEN . . 2. Lessee to Pay Assessments. Lessee, during the Leas agrees to pay directly to the publ ic authorities charged with co thereof any and all assessments levied on the Leas}d Land for a par all of the cost of any public work or improvemer t assessed accor benefit found by the levying authority to accrue therefrom to theo Land, including any charges for anti-pollution, env:ronmental, ecolo! any other public purposes. If an option is given to pay such asses~ in installments, Lessee may elect to pay the same in installments, such case Lessee shall be liable only for such installments as shal during the Lease Term. 3. Pro-ration of Taxes and Assessments.f Lessee's obl1g, pay taxes or assessments commences or ends du 'ing a tax yea obligation shall be appropriately pro-rated, with C ty bearing the r' cost (or its pro-rata share) thereof. . 4. Contest. Lessee shall have the right to contest or re' tax, assessment, levy, fee, water or sewer charge~. or rents, or ar governmental charges which Lessee is obligated tc pay. Such pro! shall, if instituted, be conducted promptly at Less<e's own expense, from all expense to City. Before instituting any such proceedings: shall pay under protest such tax, assessment, le IY, fee, water c rents or charges or any other governmental charges, or shall furnish a surety company bond in a company acceptable to City, or other reasonably satisfactory to City, sufficient to cover the amount contested item or items, with interest for the peri cd which such pro< may be reasonably expected to take, and costs securing the payment contested item or items and all interest and costs in connection t. when finally determined. Notwithstanding the furnishing of any such security, Lessee shall pay all such items at least twenty (20) day~ the time when the Leased Land or any part thereof ~ight be forfe1tf legal proceedings herein referred to shall includ3 appropriate ce proceedings and appeals from any orders and judgements therein, but proceedings shall be begun as soon as reasonooly possible af imposition or assessment of any contested items a~d shall be prose! final adjudication with reasonable dispatch. In th(, event of any re cancellation or discharge, Lessee shall pay the amo"nt that shall be levied or assessed against the Leased Land or acjudicated to be payable and, if there shall be any refund payaole by the gove authority with respect thereto, Lessee shall be entitled to receo retain the same, subject, however, to apportionment as provided in P 3 above during the first and last years of the Lea::e Term. City, a option, may, but shall not be obligated to, con';est or review t proceedings, or in such other manner as may be 1 ega 1, and at C1i expense any tax, assessment, levy, fee, water or sewer rents or cha any other governmental charge aforementioned, whiCh shall not be c, or reviewed as aforesaid, and, unless Lessee shall promptly join contest or review and pay all costs therein, City shall be enti receive and retain any refund payable by the governmental author~ respect thereof. . -5- Term, ection of or i ng to Leased :cal or 1ent(s) and in accrue :ion to such la1n1ng 'ew any other ,ed i ngs ld free Lessee sewe r :0 City lCU rity of the 3ed i ngs Jf such 3rew 1th Jond or before The :1orari 11 such 3r the Jted to lct1on, finally ue and lmenta 1 ve and "agraph City's 1 ega 1 "s own Jes, or ltested n such 1 ed to .y with CITY OF SEWARD,~ASKA LEASE AGREEME~BRAD SNOWDEN . . 5. Lessee to Pay Utllity CharQes. Lessee shall pay c cause to be paid all charges for water, heat, gas, electricity, sewers, end any and all other utilities used upon the Leased Land throughout the L 3ase Term, including any connection fees. ARTICLE VIII. CONSTRUCTION BY LESSEE. 1. Lessee's Right to Build--General Conditions. Le~see shall have the right at any time and from time to time during the Leese Term to erect, maintain, alter, remodel, reconstruct, rebuild ani replace bullding(s) and other improvement(s) on the Leased Land, subj'ct to the following conditions: (a) The cost of any construction, recor struction, demolition. or of any change, alteration or improvements, shall b,. borne and paid for by Lessee. (b) The Leased Land shall, at all times, be kec,t free of materialmen's and any other liens, as here1ne.fter more provided. mechanic's, specifically . (c) Any building contractors employed by Less,3e or its sub-lessees shall be appropriately bonded for one hundred (100%) percent of the contract amount(s) by use of performance and labor and mater;al payment bonds in the customary form when cost of the work is over $l'J,OOO.OO. Copies of all such bonds shall be furnished to City prior to comm(,ncement of construction. (d) Lessee, upon commencement of permissible bullding or construction activities on the Leased Land, shall continue such activities through to completion with diligence and continuity. 2. Lessee's Ownership of Trade Fixtures, Machinery and [qu1pment. It is expressly understood and agreed that any and all trade fixtures, machinery and equipment of whatsoever nature at any time construc"':.ed, placed or maintained upon any part of the Leased Land by Lessee shall be and remain the property of Lessee or its tenants as their interests may appear and may be removed or replaced at any time during the lease term, providec Lessee or its tenants repair any and all damage to the Leased Land resultin0 from such removal or replacement. . 3. Lessee's RiQht to Remove Improvements and Ownershir: Thereof. Lessee shall have the right to remove any bu1dlings or 1n',provements constructed or placed upon the Leased Land by Lessee, prior to the expiration of the Lease. Any buildings or improvements not removed prior to expiration of the Lease shall become the property of City without the payment of any compensation to jLessee. -6- CITY OF SEWARD,~ASKA LEASE AGREEMENT"'SRAD SNOWDEN . . ARTICLE IX. LIENS. 1. Prohibition of Liens on Fee or Leaseh( ld Intere!. Lessee shall not suffer or permit any 1 iens to be filed ag:1nst the "ee of the Leased Land, nor against Lessee's leasehold interest in the Lease, Land, nor against any buildings or improvements on the Leased Land by recson of any work, labor, services or materials supplied or claimed to have be, n supplied to Lessee or anyone holding the Leased Land or any part thereof through or under Lessee. . Z. Removal of Liens by Lessee. If any 1 i3n shall t 3 recorded against the Leased Land, or any improvements thereof, Lassee shal cause the same to be removed, or, in the alternative, if Lessee in good fa th desires to contest the same, Lessee shall be privileged to do so, but i such case Lessee hereby agrees to provide a surety bond, from a 5urety 1ic 'nsed to do business in Al aska, in a penal sum equal to one a~ j one-hal f times the amount of the claim of lien, which bond shall guarant~e the pay ent of the sum which the lien claimant has claimed, together w1tl the lien claimant's reasonable cost of suit in the action. Lessee further agrees to indemnify, defend, and save City harmless from all liability ft r damages occasioned thereby and shall, in the event of a judgement of i oreclosurE upon said lien, cause the same to be discharged and removed prier to the e :ecution of such judgement. 3. Notice of Non-responsibility. City may, as contf 1lplated by Alaska Statutes 34.35.065 (as now enacted or hereinafter amfnded) give notice of. non-responsibility for any improvements ccnstructed )r made by Lessee on the Leased Land. ARTICLE X. . INDEMNITY. Except for claim" arising' ut of acts caused by the negligence of City or its representati les, Lesse. agrees to protect, indemnify, defend and save harmless City fro,! and agai:st any and all liability arising from acts or omissions of any nature whtsoever of Lessee's officers, servants, employees, contractors, tenants, agents or 1nvitees causing injury to or death of persons, or loss of 0' damage to property during the Lease Term, and from any expense 'ncident te defense of and by City therefrom. If any action or proceeding is brought aflinst City by reason of any such occurrences, City shall notify Lessee in writing of such action or proceeding, whereupon Lessee, at LesseE's expense. may elect to resist or defend such action or proceeding by couns(l approvec in writing by City, such approval not to be withheld unreasonably. ARTICLE IX. INSURANCE AND RESTORATION. . 1. Liability Insurance. Lessee, during t~e Lease ~erm, shall provide a certificate of insurance showing City as co-insured i1 an amount of not less than $300,000 comprehensive general liability c..verage for premises operations, broad form property damage and personal i:,jury. The -7- CITY OF SEWARD, ALASKA LEASE.AGREEMENT-"BRAD SNOWDEN . . minimum requirements in this section may be increased from time to time by City in accordance with customs and usage for comparable property in the Seward metropolitan area. 2. Fire and Extended CoveraQe Insurance. Lessee, during the Lease Term, shall keep all buildings and improvements insured, at his expense, against loss or damage by fire and such other risks as may be included in the customary form of broad form extended coverage (which may exclude earthquakes), in an amount, over and above any deductibles in the governing policies, of not less than the unpaid balance(s) due under any existing deed(s) of trust or mortgagees) encumbering the buildings or improvements or City's fees. . 3. 81 anket Insu rance. Lessee may prov ide any 1 nsu rance requ ired by this Lease in the form of a blanket policy, provided Lessee furnishes evidence satisfactory to City, indicating the coverage thereunder is at least equal to the coverage obtainable under a separate policy covering the Leased Land only. 4. Additional Named Insured: RiQhts of MortgaQees (Lenders): Waiver of Subrogation. All insurance policies required to be maintained by Lessee shall name Lessee and City as the insureds, as their respective interests may appear. All policies shall contain an agreement by the insurers that such policies shall not be cancelled without at least thirty days' prior written notice to City, and certificates or copies of all such insurance policies shall be furnished to City promptly after the issuance thereof. 5. Restoration of Buildings and Improvements. In the event of damage to or destruction of any of the buildings or improvements situated on the Leased Land, then from the insurance proceeds payable to Lessee, Lessee shall, within ninety (90) days after payment of the insurance proceeds, commence restoration of the buildings and improvements to their condition prior to such damage, provided, however, Lessee's obligation to restore will be limited to the insurance proceeds available to Lessee. All such insurance proceeds shall be deposited and held in trust with such bank having offices in Seward and/or Anchorage, Alaska, as Lessee may designate, or with Lessee's mortgagee of the damaged property, and shall be made available to Lessee' for its use in restoration or repair, as the case may be, of any damage or destruction to the buildings and improvements on the Leased Land. The proceeds of insurance shall be paid out by such trustee or mortgagee from time to time on certification, by the person having supervision of the work, that the amount certified is being applied to the payment of the reasonable cost of such work. . -8- CITY OF SEWARD,~ASKA LEASE AGREEME~BRAD SNOWDEN . ARTICLE XII. CARE OF LEASED LAND, ACCESS OF CITY. 1. Care of Leased Land. Lessee, at his own cost and expensf, shall keep the entire Leased Land and all bulld1ngs and improvements whic 1 at any time may be situated thereon in good, clean and tidy condition ar j repair during the Lease Term. 2. Other Access RiQhts of City. City and its agents or represer- tatives shall have the right to enter into and upon the Leased Land durir J reasonable hours for the purpose of inspecting the Leased Land and all buildings and improvements thereon. 3. Avoidance of Prescriptive Rights. Lessee shall take sue 1 action as may be necessary to preserve City's title and ownership of ti 3 Leased Land free and clear of any public or private rights-of-way, easemen- ; or other interests acquired by prescriptive use or otherwise than ,; permitted under this Lease, including, but not limited to, the posting ( = thoroughfares, walkways and parking areas so as to preserve the right ( = private ownership therein and prevent any adverse rights thereto accruir J through prescriptive use or otherwise than as permitted hereunder. ARTICLE XIII. COMPLIANCE WITH LAWS. 1. Compliance with Laws. Lessee shall comply with all appl1cab- 3 laws, ordinances and regulations of duly constituted public authorities nc ; or hereafter in any manner affecting the Leased Land or any buiding~, structures or improvements situated thereon, whether or not any such law~, ordinances or regulations which may be hereafter enacted involve a change c f policy on the part of the governmental body enacting the same. LessE 3 further agrees it will not permit any unlawful occupation, business or trac 3 to be conducted on said premises or any use to be made thereof contrary " ) any law, ordinance or regulation as aforesaid with respect thereto. 2. Contest. Lessee may, by appropriate proceedings conducted ,t Lessee's own expense, contest in good faith the validity or enforcement c F any law, ordinance or regulation, provided Lessee dlligently pursues suc 1 contest to a final determination by a court, department or government, 1 authority or body having jurisdiction thereof; provided that, if City m, '/ become liable in any manner for damages, penalties, fines or costs by reasc 1 of Lessee's failure to comply with any such law, ordinance or regulat1c 1 during Lessee's contest thereof, then, as a condition precedent to tl3 commencement and continuation of such proceedings, Lessee shall furnish Ci"! such bond with corporate surety as City shall reasonably request to sa\ '3 harmless and indemnify City against liability for any such damage~, penalties, fines or costs. At the option of City, it may, at its expensE, contest the validity or enforcement of any such law, ordinance (r regulation. -9- CITY OF SEWARD,~ASKA LEASE AGREEMENT~BRAD SNOWDEN . . ARTICLE XIV. EMINENT DOMAIN. In the event the extent of the taking makes impracticable the continued operation of the facility, upon written notification by Lessee, this Lease and all of the right, title and interest thereunder of Lessee shall cease on the date title to such Land so taken or transferred vests in the condemning authority. . 2. Partial Tak1ng--Continuation of Lease. In the event the taking or transfer of a part of the Leased Land leaves the remainder of the Leased Land in such location and in such form, shape or size, or so accessible as to be effectively and practicably usable in the opinion of the Lessee and City for the purpose of operation thereon of Lessee's business, this Lease shall terminate and end as to the portion of the Leased Land so taken or transferred as of the date title to such portion vests in the condemning authority and the condemning authority enters into possession, but shall continue in full fon:e and effect as to the portion of the Leased Land not so taken or transferred. ARTICLE XV. ARBITRATION. Any controversy or claim arising out of or relating to this Lease, or the breach thereof, shall be settled by arbitration in accordance with the Uniform Arbitration Act of Alaska, and judgement upon the award may be entered in any court having jurisdiction thereof. Any arbitration proceedings hereunder shall be held before a panel of three arbitrators in the City of Seward, Alaska, or with the consent of both parties in Anchorage, Alaska. ARTICLE XVI. DEFAULT AND REMEDIES. 1. Default and Termination. (a) If the rent or any other charge shall be in arrears for a period of thirty (30) days; or (b) If Lessee fails to take reasonable steps to keep and perform any of the covenants or conditions of this Lease within thirty (30) days after written notice of default; or . (c) for reorganization court of competent If Lessee files a voluntary under the bankruptcy laws, or jurisdiction; or petition in bankruptcy, or is adjudged a bankrupt by a -10- CITY OF SEWARD,~ASKA LEASE AGREEMEN~BRAD SNOWDEN . . (d) If Lessee makes an ass 1 gnment for the benef it of its creditors; or (e) If a receiver is appointed b~' a court of competent jurisdiction for Lessee's business and it be established in the receivership proceedings that Lessee is insolvent; or . (f) If the leasehold interest hereunder is abandoned by Lessee, then City may, at City's option, at once, without further notice to Lessee or any other person, terminate this Lease. Upon termination of this Lease as aforesaid, or at the expiration of this Lease and upon the termina- tion of said Lease by its terms, Lessee shall at once surrender possession of the Leased Land to City and remove all Lessee' 5 effects therefrom, and may remove all Lessee's buildings and other improvements, and Lessee shall have no further rights hereunder or with respect to the Leased Land. If such possession be not 1mmed1 atley surrendered, City may forthwith enter into and upon and repossess the Leased Land and expel Lessee, or those claiming under Lessee, without being deemed guilty in any manner of trespass and without prejudice to any remedies which might otherwise be used for arrears of rent or preceding breach of covenant, c.nd in such event Lessee expressly waives the service of notice of any intention so to terminate this Lease or to retake the Leased Land and waives service of any demand for payment of rent, or for possession, and for any and every other notice or demand prescribed by any 1 aw, and hereby wa 1ves any cl aim for damages by reason of such repossession. 2. RelettinQ. At any time, or from time to time, after any such expiration or termination, City may relet the Leased Land, or any part thereof, and any unleased buildings and improvements. for such term or terms (which may be greater or less than the period which would otherwise have constituted the balance of the term of this Lease) and on such conditions (which may include concessions or free rents) as City may, in its discretion, determine and may collect and receive the rents therefor. City shall in no way be responsible or liable for any failure to relet the Leased Land, or any part thereof, or for any failure to collect any rent due upon any such reletting. 3. DamaQes. No such expiration or termination of this Lease shall relieve Lessee of his liability and obligations under this Lease, and such liability and obligations shall survive any such expiration or termination. In the event of any expiration or termination, whether or not the Leased Land, or any part thereof, shall have been relet, Lessee shall pay to City the net rent and all other charges required to be paid by Lessee up to the time of such expiration or termination of this Lease, and thereafter Lessee, until the end of what would have been the term of this Lease in the absence of such expiration or termination, shall be liable to City for, and shall pay to City, as and for liquidated and agreed curreent damages for Lessee's default, . -11- CITY OF SEWARD,~ASKA LEASE AGREEMENT~BRAD SNOWDEN . . (a) the equivalent of the amount of the ant and charges which would be payable under this Lease by Lessee if this _ease were still in effect, less (b) the net proceeds received by City rom leasing or reletting the Leased Land and improvements thereon after educting all of City's expenses in connection with such leasing and rele" :ing, including, without limitation, all repossession costs, brokerage cc ,missions, legal expenses, reasonable attorney fees, alteration costs, nd expenses of preparation for such reletting. . Lessee shall pay such current damages (herein called "def- monthly, and City shall be entitled to recover from Les deficiency as the same shall arise. At any time after any s termination, whether or not City shall have collec~ deficiencies as aforesaid, City shall be entitled to recc and Lessee shall pay to City, on demand, as and for liqu. final damages for Lessee's default, an amount equal tl between all rent reserved hereunder for the unexpired por1 Term and the then-fa1r-an~-reasonable net. rental value to C Land for the same period. In the computation of SL difference between an installment of rent becoming due her date of termination and the fair and reasonable rental val Leased Land for the period for which such installment was discounted to the date of termination at the rate of six annum. If the Leased Land, or any part thereof, be leased for the unexpired portion of the Lease Term, or any part th presentation of proof of such liquidated damages to any cou tribunal, the amount of rent reserved upon such leasing 0 be prima facie evidence of the fair and reasonable rental v or the whole of the premises so leased -or relet during leasing or relett1ng. Nothing herein contained shall limit right of City to prove and obtain as liquidated damages t termination an amount equal to the maximum allowed by any 5 law in effect at the time when, and governing the proceedi damages are to be proved, whether or not such amount be g or less than the amount of the difference referred to above 1ency") to City ae each monthly ;h expiration or d any monthl y er from Lessee, ated and agreed the difference on of the Lease ty of the Leased h damages, the ,under after the 3 to City of the )ayable shall be 6%) percent per or relet by City reof, before t, commission or reletting shall lue for the part ::he term of the or prejudice the reason of such atute or rule of gs in which such 3ater, equal to, 4. Accumulation of Remedies. Each right and remedy of City provided for in this Lease shall be cumulative and shall t 1 in addition to every other right or remedy provided for in this Lease, or now or hereafter existing at law, or in equity or by statute or otherwise, 1nd the exercise or beginning of the exercise by City of anyone or more ,f the rights or remedies provided for in this Lease, or now or hereafter e 1st1ng at law or in equity or by statute or otherwise, shall not preclude th simultaneous or 1 ater exercise by City of any or all other rights or reme, ies provided for in this Lease or now or hereafter existing at law or in equ ty or by statute or otherwise. . -12- CITY OF SEWARD,~ASKA LEASE.AGREEMENT..,BRAD SNOWDEN . . s. Appointment of Receiver. Upon the commencement of any suit or action by City against Lessee, pursuant to any remedy available to City upon Lessee's default hereunder, or at any time hereafter and during the pendency of such suit or action, any court of competent jurisdiction, upon the application of City, may at once and without notice to Lessee, its successors or assigns, or any person or persons, or tenant or tenants, or mortageee or person claiming any security interest through Lessee, appoint a receiver to collect the rents and profits arising out of the Leased Land, the buildings and improvements thereon and the subleases pertaining thereto and apply such rents and profits to the payment and satisfaction of Lessee's obligations under this Lease, including, without limitation, the payment of the rent due City hereunder, first deducting all proper charges and expenses attending the execution of such trusts, and to have any balance remaining held by such receiver for disposition in accordance with any judgement or decree entered therein, or as may be from time to time directed by said court. ARTICLE XVII. GENERAL PROVISIONS. . 1. Estoppel Certificates. Either party shall, at any time and from time to time, upon not less than thirty (30) days' prior written request by the other party, execute, acknowledge, and deliver to such party, or to its designee, a statement in writing certifying that this Lease is unamended and in full force and effect (or, if there has been any amendment thereof, that the same is in full force and effect as amended and stating the amendment or amendments), that there are no defaults existing (or, if there is any claimed default, stating the nature and extent thereof), and stating the dates to which the rent and other charges have been paid in advance. It is expressly understood and agreed that any such statement delivered pursuant to this section may be relied upon by any prospective assigneee or tenant of the Leasehold Estate, or estates, or Lessee or any prospective purchaser of the estate of City, or any lender or prospective assigneee of any lender on the security of the Leased Land or the fee estate, or any part thereof, and any third person. 2. Conditions and Covenants. All the provisions of this Lease shall be deemed as running with the Land, and shall be construed to be "conditions" as well as "covenants," as though the words specifically expressing or imparting covenants and conditions were used in each separate provision. . 3. No Waiver of Breach. No failure by either City or Lessee to insist upon the strict performance by the other of any covenant, agreement, term or condition of this Lease or to exercise any right or remedy conse- quent upon a breach thereof, shall constitute a waiver of any such breach or of such covenant, agreement, term or condition. No waiver of any breach shall affect or alter this Lease, but each and every covenant, condition, agreement and term of this Lease shall continue in full force and effect with respect to any other then-existing or subsequent breach. -13- CITY OF SEWARD,.ikASKA LEASE AGREEMENT"'SRAD SNOWDEN . . 4. Time of Essence. Time is of the essence of this Lease and of each provision. s. Computation of Time. The time in which any act provided by this Lease is to be done is computed by excluding the first day and including the last, unless the last day is a Saturday, Sunday or a holiday, and then it is also excluded. The term "holiday" shall mean all holidays as defined by the statutes of Alaska. S. Successors in Interest. Each and all of the covenants, conditions and restrictions in this Lease shall inure to the benefit of, and shall be binding upon, the successors in interest of City and the authorized assignees, transferees, tenants, licensees and other successors-in-interest of Lessee. 7. Entire AQreement. This Lease contains the entire agreement of the parties with respect to the matters covered by this Lease, and no other agreement, statement or promise made by any party, or to any employee, officer, or agent of any party, which is not contained in this Lease shall be binding or valid. 8. Govern1nQ Law. This Lease shall be governed by, construed and enforced in accordance with the laws of the State of Alaska. . 9. Partial Invalidity. If any term, covenant, condition or provision of this Lease is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the provisions shall remain in full force and effect and shall in no way be affected, impaired or invalidated. 10. Relationship of Parties. Nothing contained in this Lease shall be deemed or construed by the parties, or by any third person, to create the relationship of principal and agent or of partnership or of joint venture or of any association between City and Lessee; and neither the method of computation of rent nor any other provisions contained in this Lease nor any acts of the parties, shall be deemed to create any relation- ship between City and Lessee, other than the relationship of lessor and lessee. 11. Interpretation. The language in all parts of this Lease shall in all cases be simply construed according to its fair meaning, and not strictly for or against City or Lessee. Unless otherwise provided in this Lease, or unless the context otherwise requires, the following rules of construction shall apply to this Lease: . (a) Number and Gender. In this Lease, the neuter gender includes the masculine and the feminine, and the singular number includes the plural; the word "person" includes corporation, partnership, firm or association wherever the context so requires. -14- CITY OF SF ARD, ~SKA LEASE AGRE MENT~RAD SNOWDEN . . (b) Mandatory and Permissive. "Shall," "will" and "agrees" are mandat rYi "may" is permissive. (c) Captions. Captions of the Articles, Sections and subsection of this Lease are for convenience and reference only, and the words cont 1ned therein shall in no way be held to explain, modify, amplify or aid in the interpretation, construction or meaning of the provisions of this Lease 2. Amendment. This Lease is not subject to amendment, except in writing ex cuted by all parties hereto. notices, d person or addresses the time 0 3(a). Delivery of Notices and Rent--Method and Time. All mands or requests from one party to another shall be delivered in e sent by mail, certified or registered, postage prepaid, to the tated in this Section, and shall be deemed to have been given at delivery or making. Lessee to mailed to 3 (b) . Payment of Rent. All rents and other sums payab 1 e by :ity shall be by check, payable to City, delivered in person or ity at the following address: . CITY CLERK CITY OF SEWARD P. O. Box 167 Seward, AK 99664 and shall e deemed to have been paid when received at such address. 3(c). Notices to City. All notices, demands and requests from Lessee to1ty shall be given to City at: CITY CLERK CITY OF SEWARD P. O. Box 167 Seward, AK 99664 and to sue 1 other persons at such additional addresses as City may specify, but not ex eed1ng four in the aggregate. l3(d). Notices to Lessee. All notices, demands or requests from City to LE see shall be given to Lessee at: BRAD SNOWDEN P. O. Box 670 Seward, AK 99664 . -15- CITY OF SEWARD,~ASKA LEASE AGREEMENT"'BRAD SNOWDEN . . 13 (e) . ChanQe of Address. Each party shall have the right, from time to time, to designate a different address by notice given in conformity with this Section. 14. Broker's Commission. Each of the parties represents and warrants that there are no claims for brokers' commissions or finders' fees in connection with the execution of this Lease. 15. Attorneys' Fees. If either party hereto institutes any suit, action or arbitration proceeding to collect the rent reserved, or to enforce any covenant or agreement hereof, or to obtain any of the remedies herein provided, the prevailing party shall be entitled to such sum of money as the court or the arbitration board may adjudge reasonable as costs and attorney fees in such suit, action or arbitration proceeding, including any appeal taken by either party in such suit, action or arbitration proceeding. 16. Records. Lessee shall, at all times, keep or cause to be kept proper books of record and account in which full, true and correct entries will be made of all dealings or transactions of, or in relation to, the Leased Land. . 17. Minerals. Nothing in this Lease shall authorize Lessee to exercise any rights in regard to oil, oil rights, minerals, mineral rights, natural gas, natural gas rights, and/or other hydrocarbons by whatsoever name that may be within or under the Leased Land. City reserves the right to whipstock, or d1rectionally drill, and mine from land other than the Leased Land oil or gas wells, tunnels and shafts into, through or across the subsurface of the Leased Land, and to bottom such whipstocked or d1rectionally drilled wells, tunnels and shafts under and beneath or beyond the exterior limits thereof, and to redr111, retunnel, equip, maintain, repair, deepen and operate any such wells or mines, without, however, the right to disturb the use of the surface or to drill or mine through the upper 500 feet of the subsurface of the Leased Land. 18. Good Faith. The terms of this Lease impose an obligation of good faith on City and Lessee in the performance and enforcement thereof. 19. Election to Terminate by City. Lessee, as partial consideration for this Lease, expressly undertakes to complete construction of such a facility not later than June 1, 1987. If Lessee fails to timely meet any of these requirements, City may, by giving written notice to Lessee, elect to terminate this Lease. All further rights, duties and obligations hereunder shall cease upon receipt by Lessee of such notice. . 20. Election to Terminate by Lessee. If an earthquake occurs during the term hereof, making the construction, financing, maintenance or operation of an improvement(s), building(s) or other structure(s) on the Leased Land impractical or impermissible, then in such event, provided the Lessee be in good standing hereunder, Lessee may, in his uncontrolled discretion, elect to terminate this Lease upon: -16- CITY OF SEWARD,~ASKA LEASE AGREEMEN~BRAD SNOWDEN . . (a) giving written notice to City; and (b) making payment to City of a sum equal to fifty (50%) percent of the rents payable to City for the twelve calendar months immediately preceding the notice under (a); and (c) satisfying or otherwise releasing City's fee from any encumbrance(s) created as the result of Lessee's actions. All further rights, duties and obliga1tons hereunder shall cease upon receipt by City of such notice of election to terminate and the fulfilling conditions (b) and (c). ARTICLE SVIII. R~CORDING, EXECUTION, COUNTERPARTS. 1. RecordinQ. The parties may, concurrently with the execution of this Lease, execute, acknowl edge and record a memorandum of lease. Following recording, the memorandum lease shall be attached to this Lease. 2. Counterparts. This Lease has been executed by the parties in two counterparts, each of which shall be deemed to be an original. . 3. Execution. This Lease has been executed by the parties on the day and year first above written. LESSOR:. CITY OF SEWARD, ALASKA LESSEE: RONALD A. GARZINI, City Manager BRAD SNOWDEN ATTEST: APPROVED AS TO FORM: HUGHES, THORSNESS, GANTZ, POWELL AND BRUNDIN, Attorneys for the City of Seward, Alaska Linda S. Murphy, City Clerk (City Seal) 7~fI1~ Fred B. Arvidson, City Attorney . -17- CITY OF SEWARD, ~SKA LEASE AGREEMENT~RAD SNOWDEN . . STATE OF ALASKA ss THIRD JUDICIAL DISTRICT THIS IS TO CERTIFY that, on the day of 1985, before me, the undersigned, a Notary Public in and for the State of Alaska, duly commissioned and sworn as such, personally appeared , known to me and to me known to be the City Manager of the City of Seward, Alaska, and acknowledged to me that the foregoing instrument was executed as a free and voluntary act and deed. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal the day and year hereinabove written. Notary Public for State of Alaska My Commission expires: STATE OF ALASKA ) ) ss THIRD JUDICIAL DISTRICT ) . THIS IS TO CERTIFY that on this day of , 1985, before me, the undersigned, a Notary Public in and for the State of Alaska, duly commissioned and sworn as such, personally appeared , known to me and to me known to be the person who executed the foregoing instrument, and who acknowledged that he signed the same freely and voluntarily for the uses and purposes therein contained. IN WITNESS WHEREOF, I have hereunto set my hand and seal on the day and year first hereinabove written. Notary Public in and for Alaska My Commission Expires . -18- . . , f "" >,.' , ,u..y,.' ~ ;", :jt:~"." '... -'{'I'l~t~ ',." '; . ;f~"t;'., " --:::::::::=:::SEW 4'1 D ... ../ <S' q: ,f"'CliON,ft;E::::::--::::::_ ~~ - ---", G"", A )'____~~ ~ .~~ II 411" .' fa:: :~. .~ WI HIGHIiVAY. R.o.w. . ':;....,;r: I .f .if) l\ :;:, -:'" .t'. " .:/-'1, j p;}!!,>/:. ,.' :':1:.. E. HIGHIiVAY R.O.IiV. t: /-,.< "I 'I, PARkING II' ..... ........., o RESERVE "'.00 l. ".too .... 2 .. J II .,i . .00 11.00 \ ~.~ \. '\0: "', g . \ \ ~ ...00\ 17.00 '.'00 ..,. a ',100 '.11 :: No-OO.,S.W . ..0.00 ---.- ~- ~ FOURTH 47.00 I /I . .. fI.OO '".00 2 :: ".00 ".00 AVENUE EXHIBIT "A II LEASE OF LoT >, BLOCK " "'1" SUBDIVISION SEWARD . SMALL BOAr HARBOR