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CITY OF SEWARD, ALASKA
RESOLUTION NO. 97-053
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, APPROVING A LONG-TERM LEASE OF PROPERTY
LOCATED IN THE SEWARD MARINE INDUSTRIAL CENTER TO
PATRICK M. MARRS
WHEREAS, Patrick M. Marrs submitted an unsolicited proposal to lease certain city-owned
real property located within the Seward Marine Industrial Center; and
WHEREAS, the City Council directed the administration to enter into negotiations with
Marrs for a long-term lease of the property; and
WHEREAS, the parties have agreed to a 20-year lease of a 20,000 square foot parcel at an
initial fair market lease rate of $2,000 per year; and
WHEREAS, it is in the public interest to lease this property to Marrs for the construction
of a warehouse building to house a marine electronics shop; and
WHEREAS, in accordance with standard city lease procedures, a public hearing was
properly noticed and conducted at the April 28, 1997 regular meeting of the City Council;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The City Manager is authorized and directed to execute a long-term lease of a
20,000 sq.ft. tract of land located within Block 4, Fourth of July Creek Preliminary Plat KPB No.
93-087 to Patrick M. Marrs under the terms and conditions set forth on "Attachment A" which is
incorporated herein by reference.
Section 2. This resolution shall take effect thirty (30) days after passage and posting as
required by law.
PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this 28th
day of April, 1997.
CITY OF SEWARD, ALASKA
RESOLUTION NO. 97-053
AYES;
NOES:
ABSENT:
ABSTAIN:
ATTEST:
THE CITY OF SEWARD, ALASKA
Anderson, Bencardino, Blatchford, Clark, Crane, Keil, King
None
None
None
(City Seal)
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CITY OF SEWARD, ALASKA
RESOLUTION NO. 97-053
Lease Site:
Survey of Site:
Lease Term:
Lease Rate:
Improvements:
ATTACHMENT A
The proposed area for the lease is a tract ofland measuring 20,000 square feet
(100' x 200'), more or less, as depicted on the SMIC area map attached hereto
as Exhibit A. [Article 1, Page 1]
The site will be surveyed, at Lessee's expense, within ninety days of the
effective date of the lease. In addition, upon completion of planned
improvements to the site, Lessee will provide City a copy of an as-built
survey depicting the improvements as completed. [Article 1, Page 2; Article
6, Page 10]
The term of the lease will commence on the effective date ofthis Resolution
and will run for twenty years through May 27, 2017. Further, Lessee will
have the right to extend the initial term for two additional five-year periods,
cumulative extensions not to exceed ten years. [Article 2, Page 3]
The initiallease/rental rate for the leased land will be $2,000.00 per year
which represents fair market value. The leasefrental rate will be adjusted to
the then-current fair market value on June 30, 2000 and every five years
thereafter throughout the lease term. [Article 3, Page 4]
Lessee will construct a warehouse building with interior marine electronics
shop on the lease site. Construction will be completed by June 30, 1998.
[Article 6, Page 9]
Exhibit A
SEWARD MARINE INDUSTRIAL CENTER
CITY OF SEWARD, ALASKA
LEASE SITES
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