HomeMy WebLinkAboutRes1992-155
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Sponsored by: Schaefermeyer
CITY OF SEWARD, ALASKA
RESOLUTION NO. 92-155
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, APPROVING A SALES OPTION AGREEMENT
WITH AMERICAN CAPITAL INTERNATIONAL, INC., FOR THE
SALE OF GRAIN TERMINAL COMPONENTS
WHEREAS, on February 10, 1992, the City Council entered into an exclusive
option agreement with American Capital International, Inc., for the sale of the grain
terminal components; and
WHEREAS, the agreement with ACI has expired; and
WHEREAS, it is in the public interest to offer ACI a nonexclusive option to
purchase the grain terminal components so that ACI may follow through on the contacts
it has made and finalize the sale of the components in a timely manner;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The City Manager is hereby authorized to execute a nonexclusive
option agreement with American Capital International, Inc., for disposal of grain terminal
components. A copy of the agreement is attached and incorporated herein by reference.
Section 2. This resolution shall take effect immediately upon its adoption.
PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this
15th day of September, 1992.
THE CITY OF SEWARD, ALASKA
A~a~ If) .A~zt~4~~
Beverly D am, Mayor
AYES:
NOES:
ABSENT:
ABSTAIN:
Bencardino, Crane, Dunham, Krasnansky, Swartz, White
None
None
None
.~., I .J I' "''il t\oiollQ ..,\J.~
.
DX8A
Alaska home
:r1l~.rD&~iolla
Bell.we, wa
Thb Aqr....
earlier opti
WHEREAS
"Grain T.rm!
continuing t
buy.r., and
WHEREAS
and re.ourc.
a91'.. to the
1. AC
ACI pU'llliaai
re9U'd1ng th
a. :ria
parti.. int
. cOll.ponent.s III
t!ve(.) to n
I ~ 1,J-oJ, , .......~~I t -.";,,,,h.. vv._...v "I
.;J...,...........""......" 100
AGRaIlUlllT
IDI1DI'1' 1s bat".en the e:l.ty ot 8naa"4, Al...., an
1. municipality (Oity) and ~erlo&D eapital
, :IDCt., l!:!Ji} I 40 I.aJc. Bel levu. , Suit. 100,
hington 98005, a Washington corporation (ACt).
t i. intend.d to fully replace and tarminate the
n to Purcha.. Agreement.
ACt has been actively marketing the City'.
al com~on.nt.. .inc. March " 1992, and is
negot.Lat. with and solicit addit.ional potential
ACIh.s .xpend~'a'cofi.lder&ble amount of tim.
on this project to date, the City and ACt hereby
following :
a. _ClD-.oluaive ..;out. Tha city hereby qrants
n t.o act a_ a llOU-eaalu8iv. a;oent tor the City
..1. and marketinq of _aid oomponent..
ereate4 .arti.s. .ACI will brin; to City all
st.d in making an o~ter to purchaa. the
lor will QClordinate with the City'. repr..anta-
otiat. any auch sal..
Rin; ~rooe4U%.a, ACI agr.e. to discu.s and
pproval from City'. r.pr..entative(s) regarding
rketinq procedure. or etforts 8uoh a. a.king
8lJotiatlon., .to., and shall keep cit.y
tormed. .
JlatU'iala aDeI %Dfozo.atlolu ACt agrees to
e available to City copies of all reasarch
tact. infClnlation, etc., and agree. to give a
e ot all marketinq effort. to date a. wsn a.
any r.commend tiona. ACI &hall provide city with a complete
copy (City to pay oOPY expanse.) ot all lIaterial. and
informat.ion w thin it.. til.. within 10 days ot the .ttective
date at \:biB CJ1:"eement. Th. City &hall be copied with all
corr.spond.n and material. received or s.nt by ACI w1~
r..p.~ t.o th aal. of the grain terminal components.
All expen... tor advartiainq, promotion, additional
In.p.ation, a 1;. vi.its or other expenses incurred by ACI with
respeat to th a agr..ant or the a;r.81lIent whiCh preCeded it
are the aole nd exclusive responsibility of ACI. ACI shall
bay. no autbo lty to bind the City to any agr..ant related
expanses.
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[A.U22S1IO.OI7]
-1-
9/15/91
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.....,1 i ..,,' ,-;;;:, (\."W ..,..,.. 'oi
Al
of thi. aqr.
l1~y, and by
oau... of 0.0
relating to
s. Co
flat rate of
the event II.
conuct. lis
consi.t of n
1, 1992> pd
tho.. .ntit!
may reque.t.,
to add addit1
ACt to pursu
Th
sal.. price 0
curr~cy .
j 0,) ,., oJ" J ~'",... It' _\".1.., .......-~.,~.
..................."'......;'" ...
expen.e., oost.e, and effort. prior t.o tha data
ent incurred by ACI are ACI' II sole r..ponaib1-
executing this agreement ACI waives any olaims or
ion it. may hllve accrued, known or unknown,
a option to purchase Agreement.
latioD of .ala. The City aqr... to pay ACI a
ltteen percent (15t> of the qro88 S.las price in
1e i. complated to one of the .ourc.. or
d on th. attached Exhibit A (.uch list to
mora than 150 name. to be attached by October .
to December 1, 1992. Only sale. to one of
will triqqer any cOJlllliSBion obliqation. ACJ:
the City, at. it. sole discretion, may agree,
naI contact. to Bxhibit A 1n order to encourage
addii:ionaf lea~s~o~pJto8p~~~~
oommi..ion shall be payable only if the ;ro..
the components i. in exc... of '515,000 U.S.
.. paym.nt t.o ACt shall be in the tOrll
of a cashier. I checJt made out to Ame:-ican Capi t.al Interna-
tional, Inc., or a bank wire transfer of funds to ACt'e
Clorpora" aoa unt. a~ First Interstate Bank, Kirltland,
Washington br neb, to be paid upon .uccessful cl~rinq of the
collponen'e pur ha.. check to the City of Seward.
7. .e.
re.sonable ac
inspection.
oopi.. of all
lntormat1on ;I.
Terminal Comp
'ebe Grain Te
oaai~illti.. ~rior to Clo.1Di~ ACI shall have
.S.8 to the Grain Terminal components tor
ity shall provide, at ACl's reque.t and expsnae,
enqin.srinq drawing., docUJl8nt., and other
the po.se..ion of city related to the Grain
nents. city will continue to provide storage of
inal Compon.nts to the data of c10sinq.
I. .. aD1:i.. 8214 .epre.ent.tioD.. The City doe. not
warrant the c mpletane.. or accuracy ot the inventory informa-
tion supplied t.o the city from the state of Alaaka, although
the city has 0 reason to beliave it 18 incomplet.. The City
is not experi need in the oonatruotion, ..1., or oparation of
grain termina tacillties and makes no warrant!.s expre.. or
implied, that the Crain Tarm!nal component.s a:-8 tit for any
particular ua by ACJ: or tho.. who may aoquire tit.le throuqh
ACI. Xn ac1di ion, ACI .qr... that. 1n it.s initial contact with
prc.p-.ctive ahasar., it. will provide a oopy ot the lancJUaqe
of this para aph.
I. Att rBey'. .... in the nat o~ Dl.,,,~.. In 1:hAt
event ot a 41 ute concerninq thia aqr....nt, with or without
initiation of suit, the prevailing party shall be entit.led. to
[A.U~90.017]
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I.h.., , I _I ',-"I t'\.j\~ ..,~.'t#
I V .., V,," r .,'.,"" II' _., ."" ,.. ..,""""_ "" '# ....
all expen... inclu4inq attorney'. ree. and oourt coats
incurred, in addition to all other damage..
10. Di
controver.ie
:tor the stat
put.a or QODtrov.r.i.a. All disputes or
au.t be brought in the Third Judicial District
ot Alaska.
i. I~~ day of Septaaber, 1992.
City
al~ ."~d"
cf~~
Dated.
AC%
a..riG.1l Capital rDv..ta.~tn
Illa. L-c~
pr..1d.~
lAAt2a5I1O.017J
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[A.U22S90.017)
aa.
, 1992, peraonally
, to me known to
er can ap tal ~w'..~lR+..,7/'(72;iJY/I1-71&WA-'-
or ty o. gn on its behalf, and acknowledqed
ted the within and :cor.-;oinq in.trument, and
that he s19fle4 the aUl. on behalf at said
r.ely and vOluntarily, fore the us.. and purposes
on.d.
sa WKBREOJi', I have hereunto set my hand and
ficial aeaI th_!- d~aY and year firat above written.
.- ~._--~:, . ,.~.~ 'C':'" . ~
Notary .19,1n /Ana for
...~.i~on ~
My co_i.sion apir.sa -:J-.7~1~
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CITY OF SEWARD, ALASKA
RESOLUTION NO. 92-155
ArrEST:
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(City Seal)
APPROVED AS TO FORM:
Perkins Coie, Attorneys for the city of
Seward, Alaska
1L AIL.
Fred B. Arvidson
City Attorney