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HomeMy WebLinkAboutRes1986-030 . . . . . CITY OF SEWARD, ALASKA RESOIillION NO. 86-30 A RESOIDTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ATJI'HORIZING THE ISSUANCE OF A SUBSTITUTE LEASE FOR COMMERCIAL WATERFRa~ BOARrnALK SITE NO. 1 IN THE SEWARD SMALL BOAT HARBOR TO BRAD SNCW:>EN WHEREAS, the Seward City Council previously held public hearings and approved the issuance of a lease to Brad Snowden for the construction of a cormercial building and operation of a fast food business; and WHEREAS, the original intent of the lease was to have the lessee construct the buildings with the cost being credited against the lease for up to a period of three years and the City retaining ownership of the building; and WHEREAS, it appears that this is not a v.urkable arrangerrent for either the lessee or the City; and WHEREAS, the City intent is not to own buildings and nake large sums of IIDney on leases, but to encourage economic growth wi thin the comnunity and to build a viable tax base thru prosperous business developrrent; and WHEREAS, it is IIDre advantageous for both parties to sirrply lease the land as a comrercial site with the lessee constructing and retaining ownership of the building as part of his business; NCW, THEREFORE, BE IT RESOLVED BY THE CITY COONCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The City Manager is hereby authorized to substi- tute the attached lease in place of that lease approved by Council on May 13, 1985, with Brad Snowden. The attached lease is incorporated herein by reference as a part of this resolution. Section 2. This resolution shall take effect thirty (30) days following its adoption. PASSED AND APPROVED BY '!HE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, this 14 day of April , 19 86 THE CITY OF SEWARD, ALASKA ~ C -A. .....A- BARR GIESELER, MAYOR -1- . . CITY OF SEWARD, ALASKA RESOLLrrION NO, 86-30 . AYES: NOES: ABSENT : ABSTAIN: BOOHER, GIESELER, GILLESPIE, HILTON, MEEHAN, SCHOLL & SIMUTIS NONE NONE NONE APPROVED AS TO FORM: ATI'EST: HUGHES, THORSNESS, GANTZ, Pa'lELL AND BRUNDIN, Attorneys for the City of Seward, Alaska uf2f~ Fred B. ArVldson, City Attorney (City Seal) . . -2- . . . . . . . LEASE AGREEl1ENT This Agreerrent rrade and entered into this day of , 1986, by and between the CITY OF SEWl-.RD, a hone rule rrnmicipal corporation located in the Kenai Peninsula Bor- II II II Ii ough, State of Alaska, hereinafter referred to as "City" and BRAD SNOlIDEN hereinafter referred to as "Lessee". WIT N E SSE T H: vlHEREAS, City and Lessee are rrutually interested in the developl1'eI1t of harbor related facilities in the Snall Boat Harbor area within the City of Seward, Alaska; and vlHEREAS, Lessee has denonstrated to City an intention to II expand and develop a cornrercial waterfront visitor-related business; and WHEREAS, the City has received a proposal from Lessee for clevelopl1'eI1t of City owned land; and WHEREAS, City, as expressed !lOre fully in City Council Resolu- tion No. , has dete:rnti.ned that Lessee's intentions and general developrrent plans coincide with the public interest of the City and will provide increased tax revenues and rental incorre to the City; and WHEREAS, City ahd Lessee have reached agreerrent on the land City is to lease to Lessee, the general terms and conditions of such a lease ; FOR AND ill CCNSIDERATICN OF 'IRE RENTS, COVENANTS, AND CON- DITIONS HEREIN CONTAINED, CITY AND LESSEE AGREE AS FOLI.a'lS: I I, I I ARI'ICLE I. DEMISE. City leases to Lessee, and Lessee leases fran the City that certain real property herein called "Leased Land", situated in Seward, Alaska, consisting of approxiIl'ately 900 square feet, -1- I'C .' ( \ ~ , i . . . . . as shown on Exhibit "A" attached hereto and as rrore particularly de- scribed as follows: Cornrercial Lease Site No. .....l.- :i.nrrediately adj acent to the c Seward Srre.ll Boat Harbor Boardwalk between "B" and "D" Ramps, the Site to include use of a wood frarre building. The Si te is wi thin Block 6 , Oceanview Subdivision. ARrICLE II. CITY I S WARRANTY OF QUIEI' ENJOYMENT. Lessee, upon J?aying the rent and other charges herein provided for and observing and keeping the covenants, conditions and tenns of this Lease on Lessee I s part to be kept or perfonred, shall peacefully and quietly enjoy pos- session of the Leased Land during the tem of this Lease without hin- drance by, from or through City, subject, however, to any encumbrances created or caused by Lessee. ARrICLE III. LEASED LAND ACLll'l'W "AS IS", Lessee acknowl- edges 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 express- il !I I I ly herein provided. ARrICLE DJ, USE OF LEASED LAND, 1, Lessee may use the Leased Land for the construction and operation of Fast food business Lessee understands' that construction and operation of such a facility is a major consideration for City's agreerrent to lease the Leased Land. Lessee agrees that he will not operate any other business on the Leased Land without the consent of the City, Moreover, City may withhold its consent as to any proposed business or acti vi ty which, in City I s sole discretion, is 'not desirable or corrpatible with the City's Small Boat Harbor area. -2- Ii .0 . . , 11 ! . . 2. No assignrrent or sublease shall be penni tted unless approved in writing by the City. lmy sublease shall be expressly subject and subordinate to this lease and the rights of the City here- under. The City may elect to not approve any proposed assignrrent or sublease which may result in a business or activity which, in the City's sole discretion, is not desirable or compatible with the City's Small Boat Harbor area. ARI'ICLE V. LEASE TERM. 1. Cormencerrent and Expiration. The term of this Lease shall be ten (10) years, CormenClllg on , and ending 2. Options and Extensions. There is a renewal aption for Lessee to extend this lease for an additional three (3) year period, but by inaction of the parties, the lease shall be deerred to continue fran rronth to rronth. This lease will not terminate until notice in writing is given by either party to the other, not later than three rronths prior to the expiration of the lease term. 3. Holdover. If Lessee shall hold over after the expiration of the Lease Term, such tenancy shall be from rronth to rronth on all the terms, covenants and conditions of this Lease. 4. Surrender of Possession. (a) Subject to the provisions of Article XI belOtl' with respect to restoration of buildings and irrproverrents, upon expi- ration of the Lease Term, whether by lapse of tine or otherwise, Lessee shall prorrptly and peacefully surrender the Leased land. (b) Upon the expiration of the Lease Term or any sooner termination of this Lease, Lessee agrees to execute, acknOtl'ledge -3- , . . . . i' 'I . . and deliver to City a proper instrt.urent in writing, releasing and ! I! quit-claiming to the City all right, title and interest of Lessee ., Ii I' :I I ! I ji 1 I I I in and to the Leased Land and all irrproverrents thereto not rerroved by Lessee as provided herein. ARI'ICLE VI. RENT. The rental for the Leased Land s..'1all be determined and paid as follcws: 1, lmy and all armual rental due under this Lease shall be paid in advance uPJn cornrencerrent of this Lease in yearly install.rrents on or before corcrrencerrent of this Lease and on or before July 1 of each succeeding year, except as otherwise provided, 2. The rental shall be determined as follows: (a) The lease rate shall be $1500 per. armum. (b) Should the City and Lessee rrutually agree to extend the lease, not less than ninety (90) days prior to the expiration of the lease the City, at its Own expense, rray employ an indepen- dent appraiser to determine the fair rrarket rental value of the I ' Leased Land at the highest and best use of the Leased Land and i I. without con'ideration of IE,,,,,,', intended use of tbe '~d unle" that use is coincidentally the highest and best use of the Land. 3. Additional Rent and Ci ty I s Right to Cure Lessee's De- faults. All costs and expenses which Lessee assurres or agrees to pay pursuant to this Lease or to any rrortgage or other encurrbrance upon the Leased Land or Lessee I s leasehold interest shall at City's election be treated as. additional rent and, in the event of nonpayrrent, City shall have all rights and remedies herein provided for in the case of nonpay- IlEIlt of rent or of a breach of condition. If Lessee shall default in making any payrrent required to be rrade by Lessee, or shall default in -4- 1 i! . . . . . performing any term, covenant or condition of this Lease or of any such rrortgage or other encumbrance on the part of Lessee to be perfonred which shall involve the expenditure of rroney by Lessee, City at City's I !I option may, but shall not be obligated. to, make such payrrent or, on behalf of Lessee, expend such sum as may be necessary to perfonn and fulfill such term, covenant or condition, and any and all sums so expended. by the City with interest thereon at the rraxirm.nn rate under the laws of the State of Alaska from the date of such expenditure until repaid, shall be (and shall be deerred to be) additional rent and shall be repaid by Lessee to the City, on derrand, but no such payrrent or expenditure by the City shall be deerred a waiver of Lessee I s default nor shall it affect any other rerredy of the City by reason of such default. 4. Late Payrrent Penalty, Rental payrrent due but not received. by the due date shall be subject to a ten percent (10%) delin- quency fee plus one and one-half percent (1':1%) simple interest per rronth until paid or the rraximum perIni tted. rate under Alaska law, whichever is ,I Ii I I II I higher, ARITCLE VII. TAXES AND ASSESSMENTS, 1, Lessee to Pay Taxes. Lessee agrees to pay prior .:.0 delinquency and directly to the taxing authorities in which the Leased. Land is located. all real property taxes (plus all personal property taxes on personalty situate on the Leased Land and placed thereon by Lessee or under Lessee I s authority), sales taxes, or other business or use taxes levied. or assessed upon or against the Leased Land or any improverrents thereon or Lessee I s business during the Lease Term, Lessee agrees to indetmify and hold City hannless from liability for any other tax, charge, or assessrrent of any kind or nature. Lessee shall, within :1 -5- . . . sixty (60) days after any such tax assessrrent or other charge consti- tuting a lien on the Leased Land shall becorre due and payable, produce and exhibit to City satisfactory evidence of payrrent. 2. Lessee to Pay Assessrrents. Lessee, during the lease tenn, agrees to pay directly to the public authorities charged with collection thereof any and all assessrrents levied on the Leased Land for a part of or all of the cost of any public work or improverrent assessed according to benefit found by the levying authority to accrue therefrom to the Leased Land, including any charges for anti -pollution, environ- mental, ecological or any other public purposes. If an option is given to pay such assessrrent (s) in installrrents, Lessee may elect to pay the sane in installIrents, and in such case Lessee shall be liable only for such installrrents as shall accrue during the Lease Tenn. 3. Proration of Taxes and Assessrrents, If Lessee's obli- gation to pay taxes or assessrrents ccmrences or ends during a tax year, such obligation shall be appropriately prorated with City bearing the renaining cost (or its pro rata share) thereof. 4. Contest. Lessee shall have the right to contest or review any tax, assessrrent, levy, fee, water or sewer Charg€.d or rents, or any other governrrental charges which Lessee is obligated to pay. SUch proceedings shall, if instituted, be conducted prorrptly at Lessee's own expense and free from all expense to City. Before instituting any such proceedings, Lessee shall pay under protest such tax, assessrrent, levy, fee, water or se<Mer rents or charges or any other governrrental charges, or shall furnish to City a surety company bond in a company acceptable to City, or other security reasonably satisfactory to City, sufficient to cover the arrount of the contested item or items with . . -6- . . . e e interest for the period which such proceedings may t:e reasonably ex- pected to take and costs se=ing the payrrent of such contested item or items and all interest and costs in connection therewith when finally detennined. Notwithstanding the fun1ishing of any such bond or se=i- ty, Lessee shall pay all such items at least twenty (20) days t:efore the tirre when the Leased Land or any part thereof might t:e forfeited, The legal proceedings herein referred to shall include appropriate cer- tiorari proceedings and appeals from any orders and judgerrents therein, but all such proceedings shall t:e begun as soon as reasonably possible after the iltposition or assessrrent of any contested items and shall be prosecuted to final adjudication with reasonable dispatch. In the event of any reduction, cancellation or discharge, Lessee shall pay the arrount that shall t:e finally levied or assessed against the Leased land or adjudicated to t:e due and payable and, if there shall t:e any refund payable by the governrrental authority with respect thereto, Lessee shall be entitled to receive and retain the sam: subj ect, however, to appor- tionrrent as provided in Paragraph 3 above during the first and last years of the lease term. City at City I s option may, but shall not be obligated to, contest or review by legal proceedin',js or in such other manner as may be legal and at City I s own €.'<pe!lse any tax, assessrrent, levy, fee, water or sewer rents or charges, or any other govemrental charge aforerrentioned, which shall not be contested or reviewed as aforesaid, and unless Lessee shall pranptly join in such contest or review and pay all costs therein, the City shall be entitled to receive and retain any refund payable by the governrrental authority with respect thereof. -7- . . . . .' , :j i ,! 1 i :1 I I' i I 5. Lessee to Pay Utility Charges. Lessee shall payor cause to be paid all charges for water, heat, gas, electricity, sewers, and any and all other utilities used upon the Leased Land throughout the lease tenn, including any connection fees. ARI'ICLE VIII. CONSTRUCI'ION BY LESSEE. 1. Lessee I s Right to Build-General Conditions, Lessee shall have the right at any time and from time to time during the lease tenn to construct, maintain, alter, renodel, reconstruct, rebuild and replace building (s) and other improverrent (s) on the Leased Land, subject to approval of the City in conformity with the Srrall Boat Harbor Master Plan and the following conditions: (a) The cost of any construction, reconstruction, derroli tion, or of any change, alteration or improverrents, shall be borne and paid for by Lessee. I I I :1 ! i I I I I I I (b) The Leased Land shall at all times be kept free of rrechanic' s, materialrren' s, and any other liens, as hereinafter rrore specifically provided. (c) !my building contractors errployed by Lessee or its sublessees shall be appropriately bor,ded for one hundred percent (100%) of the contract anount (s) by use of. perfonnance and labor and material payrrent bonds in the custanary fonn when cost of the work is over $10,000.00. Copies of all such bonds shall be fur- nished to the City prior to corrrrencerrent of construction. (d) Lessee, upon c:orrrrencerrent of permissible building or construction activities on the Leased Land, shall continue such activities through to corrpletion with diligence and continuity. -8- . . .. . . (e) Comrencerrent of construction shall rrean having materials and labor on site. Comrencement of construction shall take place within 98 days of the signing of this Lease and construction shall be conpleted within 90 days of comrencerrent of construction. 2. Lessee's ONnership of Trade Fixtures, Machinery and !j I I I :1 II :1 I I I I I I I I i I I ! ! Fquiprrent. It is expressly understood and agreed that any and all trade fixtures, rnachinery and equiprrent of whatsoever nature at any time constructed, 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 rnay aPpear and may be rerroved or replaced at any time during the lease tem, provided Lessee or its tenants repair any and all damage to the Leased Land resulting fran such rerroval or replacement. 3. Lessee I s Right to Rerrove Inprovements and ONnership Thereof. Lessee shall have the right to rerrove any buildings or im- proverrents constructed or placed upon the Leased Land by Lessee prior to the expiration of the Lease. Any buildings or irrprovements not rerroved , prior to the expiration of the Lease shall becane the property of the City without the payrrent of any conpensation to Lessee. ARI'ICLE IX. LIENS. 1. Prohibition of Liens on Fee or Leasehold Interest. Lessee shall not suffer or pemit any liens to be filed against the fee of the Leased Land nor against Lessee I s leasehold interest in the Leased Land nor against any buildings or irrprovements on the Leased Land by reason of any work, labor, services or rnaterials supplied or clairred to have been supplied to Lessee or anyone holding the Leased Land or any part thereof through or under Lessee. -9- . . . - . I d I , .1 I 2. Rerroval of Liens by Lessee. If any lien shall be re- corded against the Leased Land, or any irrprovements thereof, Lessee I :1 I II I I I I ;1 I shall cause the same to be rerroved, or, in the alternative, if Lessee in good faith desires to contest the sarre, Lessee shall be' privileged to do so, but in such case Lessee hereby agrees to provide a surety bond from a surety licensed to do business in Alaska in a penal sum equal to one and one-half times the anDunt of the claim of lien, which bond shall guarantee the payrrent of the sum which the lien claimant has clairred, together with the lien claimant's reasonable cost of suit in the action. Lessee further agrees to indermify, defend, and save the City hamless frcm all liability for damages occasioned thereby and shall, in the event of a judgement of foreclosure upon said lien, cause the same to be discharged and rerroved prior to the execution of such judgement. 3. Notice of N::m-Responsibility. The City rnay, as contem- plated by Alaska Statutes 34.35.065 (as now enacted or hereinafter arrended) give notice of non-responsibility for any irrprovements con- structed or rnade by Lessee on the Leased Land. II I I i I I I I ARI'ICLE X. INDEMNITY. Except for claims arising out of acts caused by the negligence of the City or its representatives, Lessee agrees to protect, indermify, defend and save hamless the City from and against any and all liability arising from acts or omissions of any nature whatsoever of Lessee I s officers, servants, enployees, contrac- tors, tenants, agents or invitees causing injury to or death of persons or loss of or damage to property during the Lease '!'em, and from any expense incident to defense of and by the City therefrcm. If any action ox:: proceeding is brought against the City by reason of any such occur- rences, the City shall notify Lessee in -writing of such action or -10- !! . . . .. . proceeding, whereupon Lessee at Lessee's expense rnay elect to resist or I :i 'J Ii II I i defend such action or proceeding by counsel approved in writing by the City, such approval not to be withheld unreasonably. ARI'ICLE XI. INSURANCE AND RESTORATION. 1. Liability Insurance. Lessee, during the Lease Tem, shall provide a certificate of insurance showing the City as co-insured in an , I II I :1 I anount of not l~ss than $300,000 comprehensive general liability cover- age for premises operations, broad fom property damage and personal injury. The rninirm.un requirerrents in this section may be increased from time to time by the City in accordance with customs and usage for carparable property in the Seward rretropolitan area. 2. Fire and Extended Coverage Insurance. Lessee, during the Lease '!'em, shall keep all buildings and irrproverrents insured at its expense against loss or damage by fire and such other risks as may be included in the custanary fom of broad fom extended coverage (which may exclude earthquakes), in an anount, over and above any deductibles in the governing policies, of not less than the unpaid balance (s) due i under any existing deed(s) of trust or rrortgage(s) encunbering the il i I j I buildings or inproverrents or the City's fees. 3. Blanket Insurance. Lessee may provide any insurance required by this Lease in the fom of a blanket policy, provided Lessee furnishes evidence satisfactory to the 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~ Rights of ~brtgagees (Lenders) ~ Waiver of Subrogation. All insurance policies required to be maintained by Lessee shall narre Lessee and the City as the insureds, as their I I " -11- . :1 'I Ii II !I I I I 'I II !I II I I i i I I . I I I II II i ! . . . .i respective interests may appear. All policies shall contain an agree- ment by the insurers that such policies shall not be cancelled without at least thirty days I prior written notice to the City, and certificates or copies of all such insurance policies shall be furnished to the City pranptl y after the issuance thereof. 5. Restoration of Buildings and Inproverrents. In the event of damage to or destruction of any of the buildings or irrproverrents 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 ccmrence restoration of the buildings and irrprove- ments to their oondition prior to such damage, provided, however, Lessee I 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 rnay designate, or with Lessee's rrortgagee of the damaged property, and shall be rnade available to Lessee for its use in restoration or repair, as the case rnay be, of any damage or destruction to the buildings and inproverrents on the Leased Land. The proceeds of insurance shall be paid out by such trustee or mortgagee from time to time on certification of the person having supervision of the work that the anDunt certified is being _applied to the payrrent of the reasonable cost of such work. ARI'ICLE XII. CARE OF LEASED LAND, 1\CCFSS OF THE CITY. 1. Care of Leased Land. Lessee at its 0Nl1. oost and expense I , : i I I i I I i I I: shall keep the entire Leased Land and all buildings and irrproverrents which at any time may be situated thereon in good, clean and tidy condition and repair during the Lease '!'em. -12- . . . . . . 2. other Access Rights of the City. The City and its agents or representatives shall have the right to enter into and upon the I :1 I !, q II II II I Leased Land during reasonable hours for the Purpose of inspecting the Leased Land and all buildings and inproverrents thereon. 3. Avoidance of Prescriptive Rights. Lessee shall take such action as may be necessary ~o preserve the City's title and ONl1.ership of the Leased Land free and clear of any public or private rights of way, easements or other interests acxruired by prescriptive use or otherwise than as pemitted under this Lease, including- but not limited to the posting of thoroughfares, walkways and Parking areas so as to preserve the right of private ONl1.ership therein and prevent any adverse rights thereto accruing through prescriptive use or otherwise than as pemitted hereunder. ARI'ICLE XIII. COMPLIANCE WITH lAWS. 1. Corrpliance with Laws. Lessee shall conpl y with all applicable laws, ordinances and regulations of duly oonstituted public Ii I' ! authorities now or hereafter in any manner affecting the Leased Land or any buildings, structures or irrproverrents situated thereon, whether or not any such laws, ordinances or regulations which may be hereafter enacted involve a change of policy on the part of the governmental body enacting the sarre. Lessee further agrees it will not pemit any unlaw- ful ocCUPation, business or trade to be oonducted on said premises or any use to be made thereof contrary to any law, ordinance or regulation as aforesaid with respect thereto. 2. Contest. Lessee may by appropriate proceedings conducted at Lessee I s 0Nl1. expense, oontest in good faith the validity or enforce- ment of any law, ordinance or regulation, provided Lessee diligently -13- . 'I I , ~ :1 'I ij !i ,! , I :1 'I ! d :j il ! I 1 J I I I. :i II 1I I . I I I I , I 1 I ,I j' :i " 'I I; " I I, I' . ,I . . PJrsues such contest to a final detemination by a court, departrrent or governmental, authority or body having jurisdiction thereof ~ provided that if the City rnay becorre liable in any manner for damages, penalties, fines or costs by reason of Lessee's failure to conply with any such law, ordinance or regulation during Lessee I s oontest thereof, then, as a condition precedent to the cOllUeIlcement and continuation of such pro- ceedings, Lessee shall furnish the City such bond with oorporate surety as the City shall reasonably request to save hamless and indermify the City against liability for any such damages, penalties, fines or oosts. At the option of the City, it may at its expense contest the validity or enforcement of any such law, ordinance or regulation. ARI'ICLE XIV. EMINENT D<:'WUN. 1. Interest of Parties in Condemnation. In the event the Leased Land or any part thereof shall be taken for public purposes by condeIlU'lation as a result of any action or proceeding in eminent domain, or shall be transferred in lieu of oondermation to any authority enti- tled to exercise the power of eminent domain, the interests of the City and Lessee in the award of consideration for such transfer and the effect of the taking or transfer upon this Lease shall be as provided by law. In the event the extent of the taking rnakes irrpracticable the continued operation of the self service car wash, gas station and retail merchandise 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 con- demning authority. -14- . . . . . 2. Partial Taking--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 fom, shape or size,. or so accessible as to be effectively and practicably usable in the opinion of the Lessee and the City for the purpose of operation thereon of Lessee's business, this Lease shall teminate 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 oontinue in full force and effect as to the portion of the Leased Land not so taken or transferred. ARI'ICLE YN. ARBITRATICN. Any oontroversy or claim arising out of or relating to this Lease, or the breach thereof, shall be settled by arbitration in accordance with the Unifom 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. ARI'ICLE YNI. 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 perfom any of the covenants or conditions of this Lease wi thin thirty (30) days after written notice of default, or (c) If Lessee files a voluntary petition in bankruptcy or for reorganization under the bankruptcy laws or is adjudged a bankrupt QY a court of conpetent jurisdiction, or -15- . . . . . (d) If Lessee makes an assignment.. for the benefit of its creditors, or (e) If a receiver is appointed by 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 rnay at City's option at once without further notice to Lessee or any other person, teminate this Lease. Upon temination of this Lease as aforesaid, or at the e..'qliration of this Lease and upon the temina- tion of said Lease by its terms, Lessee shall at once surrender pos- session of the Leased Land to the City and remove all Lessee's effects therefran and rnay reIl'OVe all Lessee's buildings and other irrproverrents, and Lessee shall have no further rights hereunder or with resPect to the Leased Land. If such possession be not irrIrediately surrendered, the 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, and in such event Lessee expressly waives the service of notice of any intention so to teminate this Lease or to retake the Leased Land and waives service of any demand for payrrent of rent or for possession and for any and every other notice or demand prescribed by any law and hereby waives any claim for damages by reason of such repossession. 2. Reletting. At any tirre or from tirre to time after any such expiration or termination, the City may relet the Leased Land, or -16- . . . . . any part thereof, and any unleased buildings and irrprovements, for such term or terms (which rnay 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 rnay include ooncessions or free rents) as the City, in its discretion, rnay detemine and may collect and receive the rents therefor. The 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. Damages. No such expiration or termination of this Lease shall relieve Lessee of its liability and obligations under this Lease, and such liability and obligations shall survive any such expiration or temination. In the event of any. expiration or temination, whether or not the Leased Land, or any part thereof, shall have been relet, Lessee shall pay to the City the net rent and all other charges required to be paid by Lessee up to the time of such expiration or temination of this Lease, and thereafter Lessee, until the end of what would have been the tem of this Lease in the absence of such expiration or temination, shall be liable to the City for, and shall pay to the City, as and for liquidated and agreed current damages for Lessee's default, (a) the equivalent of the anDunt of the rent and charges which would be payable under this Lease by Lessee if this Lease were still in effect, less (b) The net proceeds received by the City from leasing or reletting the' Leased Land and irrprovements thereon after de- ducting all of City I s expenses in oonnection with such leasing and reletting, including, without limitation, all repossession costs, -17- . . . . . I I I I :1 :1 !I I I brokerage cornnissions, legal expenses, reasonable attorneys' fees, alteration costs, and expenses of preParation for such reletting. Lessee shall pay such current damages (herein called "deficiency") to the ci ty monthly, and the City shall be entitled to recover fran Lessee each monthly deficiency as the sarre shall arise. At any time after any such expiration or temination, whether or not the City shall have collected any mJnthly deficiencies as aforesaid, the City shall be entitled to recover from Lessee, and Lessee shall pay to the City, on derrand, as and for liquidated and agreed final damages for Lessee I s default, an amount equal to the difference between all rent reserved hereunder for the unexpired portion of the Lease Tem and the then fair and reasonable net rental value to the City of the Leased Land for the same period. In the computation of such damages, the difference between an installrrent of rent becoming due hereunder after the date of temina- tion and the fair and reasonable rental value to the City of the Leased Land for the period for which such installrrent was payable shall be discounted to the date of temination at the rate of six percent- (6%) per annum. If the Leased Land, or any part thereof, be leased or relet by the City for the unexpired portion of the Lease Tenn, or any part thereof, before presentation of proof of such liquidated damages to any court, COl'llllission or tribunal, the anDunt of rent reserved upon such leasing or reletting shall be prima facie evidence of the fair and reasonable rental value for the part or the whole of the premises so leased or relet during the tenn of the leasing or reletting. Nothing herein oontained shall limit or prejudice the right of the City to prove and obtain as liquidated damages by reason of such termination an anDunt equal to the maximum allowed by any statute or rule of law in effect at \1 -18- . . :1 , the time when, and governing the proceedings in which such damages are . to be proved, whether or not such anDunt be greater, equal to, or less than, the anDunt of the difference referred to above. 4. Acctm1Ulation of Rerredies. Each right and rerredy of the City provided for in this Lease shall be cunulative and shall be in addition to every other right or rerredy provided for in this Lease or now or hereafter existing at law or in equity or by statute or other- wise, and the exercise or beginning of the exercise by the City of any one or more of the rights or rerredies provided for in this Lease or now or hereafter existing at law or in equity or by statute or otherwise shall not preclude the simultaneous or later exercise by the City of any or all other rights or rerredies provided for in this Lease or now or hereafter existing at law or in equity or by statute or otherwise. . 5. Appointrrent of Receiver. Upon the cornrencement of any suitor action by the City against Lessee pursuant to any rerredy avail- able to the City upon Lessee's default hereunder or at any time there- after and during the pendency of such suitor action, any oourt of conpetent jurisdiction upon the application of the City may at once and without notice to Lessee, its successors or assigns, or any person or persons or tenant or tenants or mortgagee or person claiming any securi- ty interest through Lessee, appoint a receiver to collect the rents and profits arising out of the Leased Land, the buildings and inprovements thereon and the subleases pertaining thereto and apply such rents and profits to the payment and satisfaction of Lessee I s obligations under this Lease, including without limitation the paYment of the rent due the Ci ty hereunder, first deducting all proper charges and expenses attend- . ing the execution of such trusts, and to have any balance rerraining held -19- . . . 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. . ARI'ICLE XVII. GENERAL PROVISIONS. 1. Estoppel Certificates. Either party shall at any time and from time to time, upon not less than thirty days' prior written request by the other party, execute, acknowledge, and deliver to such party, or to its designee, a staterrent in writing certifying that this Lease is unarrended and in full force and effect (or, if there has been any arrendrrent thereof, that the same is in full force and effect as arrended and stating the arrendrrent or arrendrrents), 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 staterrent delivered Pursuant to this section may be relied upon by any prospective assignee or tenant of the Leasehold Estate, or estates, or Lessee or any prospective purchaser of the estate of the City, or any lender or prospective assignee of any lender on the security of the Leased Land or the fee estate, or any part t~ereof, and any third person. 2. Conditions and Covenants. All the provisions of this Lease shall be deerred as running with the Land, and shall be construed to be "conditions" as well as "covenants", as though the words specif- ically expressing or inparting covenants and conditions were used in each separate provision. 3. No Waiver of Breach. No failure by either the City or Lessee to insist upon the strict perfoTIllance by the other of any . -20- . . . covenant, agreement, te:t:m or condition of this Lease or to exercise any right or rerredy oonsequent UJ:Xln a breach thereof, shall constitute a waiver of any such breach or of such covenant, agreement, te:t:m or condition. No waiver of any breach shall affect or alter this Lease, but each and every covenant, oondi tion, agreerrent and te:t:m of this Lease shall continue in full force and effect with respect to any other then existing or subsequent breach. 4. Time of Essence. Time is of the essence of this Lease and of each provision. 5. Computation of Time. The time in which any act provided by this Lease is to be done is conputed 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 tem "holiday" shall rrean all holidays as defined by the statutes of Alaska. 6. 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 succes- sors-in-interest of Lessee. 7. Entire Agreement. This Lease contains the entire agree- ment of the Parties with respect to the matters covered by this Lease, and no other agreement, statement or promise rnade by any party, or to any enployee, officer of agent of any party, which is not contained in this Lease shall be binding or valid. a. Governing law. This Lease shall be governed by, oon- strued and enforced in accordance with the laws of the State of Alaska. . . -21- . . 9. Partial Invalidity. If any tem, covenant, condition or . provision of this Lease is held by a court of competent jurisdiction to be invalid, v?id or unenforceable, the remainder of the provisions shall remain in full force and effect and shall in no way be affected, im- paired or invalidated. 10. Relationship of Parties. Nothing oontained in this Lease shall be deerred 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 the City and Lessee; and neither the rrethod of computation of rent nor any other provisions contained in this Lease nor any acts of the parties, shall be deerred to create any relationship between the 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 sinply construed according to its fair rreaning and not strictly for or against the 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 rnasculine and the feminine, and the singular number includes the plural~ the word "person" includes corporation, partnership, fim or association wherever the oontext so requires. (b) Mandatory and Permissive. "Shall" , "will" and "agrees" are rnandatory~ "may" is pemissive. (c) Captions. Captions of the Articles, Sections and subsections of this Lease are for convenience and reference only, . and the words contained therein shall in no way be held to explain, -22- . . modify , amplify or aid ill the interpretation, oonstruction or . rreaning of the provisions of this Lease. 12. Arrendment. This Lease is not subject to arrendment except in writing executed by all parties hereto. 13 (a) . Delivery of Notices and Rent--M:thod and Tirre. All notices, demands or requests from one party to another shall be de- livered in person or be sent by mail,' certified or registered, postage prepaid, to the addresses stated in this Section, and shall be deerred to have been given at the time of delivery or making. 13 (b) . Payrrent of Rent. All rents and other sums payable by Lessee to the City shall be by check, payable to the City, delivered in person or rnailed to the City at the following address: . City Clerk City of Seward PO Box 167 Seward, AK 99664 and shall be deerred to have been paid when received at such address. I !I Ii I l3(c). Notices to the City. All notices, demands and requests from Lessee to the City shall be given to the City at: City Clerk City of Seward PO Box 167 Seward, AK 99664 and to such other persons at such additional addresses as the City may specify, but not exceeding four in the aggregate. 13 (d) . Notices to Lessee. All notices, demands or requests frcrn the .city to Lessee shall be given to Lessee at: . -23- . . . 13 (e). Change 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 Corrmission. Each of the parties represents and warrants that there are no claims for brokers' canmissions or finders' fees in oonnection with the execution of this Lease. 15. Attorneys I Fees. If either party hereto institutes any suit, action or arbitration proceeding to oollect the rent reserved or to enforce any covenant or agreerrent hereof or to obtain any of the rerredies herein provided, the prevailing party shall be entitled to such sum of money as the oourt or the arbitration board rnay adjudge reason- able as costs and attorneys' 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 rnade of all dealings or transactions of or in relation to the Leased Land. 17. Minerals. NotJ-1ing 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/br other hydrocarbons by whatsoever name that may be within or under the Leased Land. The City reserves the right to whipstock or directionally 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 whip stocked or directionally drilled wells, tunnels and shafts under and beneath or beyond the exterior limits thereof, and to redrill, . . -24- . . . retunnel, equip, rnaintain, 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 inpose an obligation of good faith on the City and Lessee in the performance and enforcement thereof. . 19. Election to Teminate by City. Lessee, as partial consideration for th,is Lease, expressly undertakes (l)to build a conces- sion shop not to exceed 16 feet by 14 feet~ (2) to cover the remainder of the lease site with a boardwalk connecting with adjacent sites and the City boardwalk; (3) to allaN no outside storage on site~ (4) to allaN no overnight occupancy~ (5) to operate said facility for a rninirm.un of a 90-day period annually. If Lessee fails to rreet any of these requirements in a timely manner, the City may, by giving written notice to Lessee, elect to teminate this Lease. All further rights, duties and obligations hereunder shall cease upon receipt by Lessee of such notice. 20. ElectiC',n to Teminate by Lessee. If an earthquake occurs during the term hereof, waking the construction, financing, maintenance or operation of an irrprovement (s), building (s) or other structure (s) on the Leased Land inpractical or inpemissible, then in such event, provided the Lessee be in good standing hereunder, the Lessee rnay, in its uncontrolled discretion, elect to terminate this Lease upon: (a) Giving written notice to the City; and . -25- . . . . . (b) Making payment to the City of a sum equal to fifty percent (50%) or the rents payable to the City for the twelve calendar months i.rmediately preceding the notice under (a) ~ and (c) Satisfying or otherwise releasing the City's fee from any encumbrance (s) created as the result of Lessee's actions. All further rights, duties and obligations hereunder shall cease upon receipt by the City of such notice of election to teminate and the fulfilling of conditions (b) and (c). 21. Other Conditions. The City reserves the right to relo- cate the building at City expense should such a rrove be necessary to accanplish the overall Harbor Boardwalk Project. ARI'ICLE XVIII. RECORDING, EXECUTION, CCXJNTERPARI'S. 1. Reoording. The parties may , concurrently with the execution of this Lease, execute, acknowledge and record a rremorandum of lease. Following recording, the rremorandum lease shall be attached to this Lease. 2. CounterParts. This Lease has been executed by the parties in tw:l counterparts, each of which shall be deerred to be an original. 3. Execution. This Lease has been executed by the parties on the day and year first above written. LESSOR: THE CITY OF SEWARD, ALASKA LESSEE: By: -26- . . ATI'EST: APPROVED AS 'lD FORM: . HUGHES, THORSNESS, GANI'Z, FaVELL & BRUNDIN, Attorneys for the City of Seward, Alaska Linda S. Murphy, City Clerk Fred B. Arvidson, City Attorney (City Seal) STATE OF ALASKA ss. THIRD JUDICIAL DISTRICT . THIS IS 'lD CERI'IFY that on this day of 19 , before rre, the undersigned, a Notary Public in and for the State of Alaska , duly oonmissioned and sworn as such , personally appeared , City Manager of the City of Seward, knONl1. to rre and to rre knONl1. to be the person who executed the foregoing instrurrent on behalf of the City of Seward, and who acknowledged that he signed the sarre freely and voluntarily for the uses and purposes therein contained. IN WITNESS WHEREDF, I have hereunto set my hand and seal on the day and year first hereinabove written. NOI'ARY PUBLIC in and for Alaska My corrmission Expires: STATE OF ALASKA ss. THIRD JUDICIAL DISTRICT . THIS IS TO CERI'IFY that on this day of , 19 , before me, the undersigned, a Notary Public in and for the State of Alaska, duly oornnissioned and sworn as such, personally appeared , knONl1. to rre and to rre knONl1. 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 oontained. -27- . . . . . IN WITNESS WHEREOF I I have hereunto set my hand and seal on the day and year first hereinabove written. -28- NarARY PUBLIC in and for Alaska My Conmission Expires: ~ ~ o ; .:1: . '-v _. '"\ " ~9.: - \~ \<l!l \l. , . t ~ ~ . OJ;? "'" ' 1>;;' j - <l:: 1- ~~ (f) t\') II:- III <:) , ~ ~ ~ ~. d ~ ~ \.: V' <t ' ~ ~ ~ - - -- . "l. ~ .... ~ <> ~ ~ <:1 -..Q f . 0_ c.a ~ \. ~~ .~ 0( (.) fI) c::\ ><'\ ~ N <:> ~ ~ - - . ~'d. ":::I,......... c..- - --- - --- --- " o en caUl ,,-,j -- lJ:.a r--- ..- $en U! t-'cn 44 ~'5 ~~ 4~ ~; ~ C ~ ,~ 4 ~ en- -