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HomeMy WebLinkAboutRes1963-343 r' RESOLUTION NO. 343 WHEREAS, the City of Seward, Alaska proposes to enter into a Mining Agreement with Gateway Development Company, Inc. of Seward, Alaska, for a period of ten (10) years for develop- ment and mining of mineral bearing ore (but not including oil and gas or other petroleum products) on the land of the City of Seward known as the Brownell Homestead Tract, Patent No. 450395, U. S. Survey No. 703; and WHEREAS, the proposed payments to the City are: Ten and NO/100 ($10.00) Dollars on execution of the Agreement plus two percent (2%) of the gross proceeds received from the smelter for the ore during the fourth to tenth years inclusive of the term of the Agreement; and WHEREAS, a public hearing upon such proposed Mining Agreement was held on Friday, October 25, 1963, after notice having been posted and published all in accordance with Ordinance No. 315, and there were no valid objections made at said public hearing to the entering into said Mining Agreement in the manner aforesaid; and WHEREAS, the City of Seward now desires to enter into said Mining Agreement; NOW, THEREFORE, BE IT RESOLVED that the Manager and Clerk of the City of Seward are hereby authorized and directed to sign and deliver the aforesaid Mining Agreement. This Resolution to be in full force and effect immediately upon passage and approval. of November, 1963. Passed and approved this fourth day '~~~7 ~~ Perry Stockton Mayor P!te~~~ ~20~ Beatrice E. "Watts City Clerk-Treasurer