HomeMy WebLinkAboutRes1963-343
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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
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Perry Stockton
Mayor
P!te~~~ ~20~
Beatrice E. "Watts
City Clerk-Treasurer