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<br />I <br /> <br />Sponsored By: Janke <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2000-010 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SEWARD, ALASKA, AUTHORIZING THE AMENDMENT OF A <br />GROUND LEASE BETWEEN THE CITY OF SEWARD, ALASKA, <br />AND SEWARD SHIP'S DRYDOCK, INC. <br /> <br />WHEREAS, effective as of April 25, 1995, the City of Seward ("City") entered into <br />a lease agreement (the "Lease") with Seward Ship's Drydock, Inc. ("Lessee"), for the real <br />property described as Lot 1, Block 7, Seward Marine Industrial Center; and <br /> <br />WHEREAS, at the time the Lease was entered into, the parties additionally entered <br />into a Maintenance and Operating Agreement (the "Agreement") for the City's Shiplift <br />Facility (as defined in the Agreement); and <br /> <br />WHEREAS, the Agreement required Lessee to perform certain deferred maintenance <br />and replacement of cables for which the Lessee would receive a rent credit under the Lease; <br />and <br /> <br />I <br /> <br />WHEREAS, under the Lease the rent credits were to end April 25, 2000, following <br />the termination of the Agreement; and <br /> <br />WHEREAS, the City is simultaneously entering into a new Maintenance and <br />Operating Agreement for the Ship lift Facility with the Lessee for a new term ofless than five <br />years, and the parties desire to continue rent credits under the Lease for deferred maintenance <br />and cable replacement; and <br /> <br />WHEREAS, the City Council finds that it is in the public interest to amend the Lease <br />and provide for the continuation of rent credits for deferred maintenance and cable <br />replacement of the Shiplift Facility; <br /> <br />NOW, THEREFORE, BE IT RESOL VED BY THE CITY COUNCIL OF THE <br />CITY OF SEWARD, ALASKA, that: <br /> <br />I <br /> <br />Section 1. Lease Amendment No.2, relating to that certain Lease between the City <br />and Lessee dated April 25, 1995, is hereby approved in substantial form as set forth in <br />Exhibit A attached hereto and hereby incorporated by reference. This approval and the <br />effectiveness of Lease Amendment No.2 is subject to the City and Lessee entering into a <br />new Maintenance and Operating Agreement for the Shiplift Facility. <br />