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<br />I <br /> <br />I <br /> <br />I <br /> <br />Sponsored By: Janke <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION NO. 2000-020 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, AUTHORIZING THE AMENDMENT OF GROUND LEASE <br />BETWEEN THE CITY OF SEWARD, ALASKA, AND ICICLE SEAFOODS, <br />INC., CONTRACT NO. RE-73-071 <br /> <br />WHEREAS, on July 11, 1988, the City of Seward ("City") entered into a lease agreement <br />with Icicle Seafoods, Inc. ("Lessee"), consolidating four separate long term leases, all entered into <br />on October 1, 1973; and <br /> <br />WHEREAS, in addition to consolidating the several leases into one lease agreement, the <br />parties entered into a new lease to accommodate the Lessee's desire to expand its processing plant <br />and to accommodate additional processing capabilities; and <br /> <br />WHEREAS, on June 8, 1989, the parties entered into Lease Amendment NO.1 substituting <br />a new legal description for the leased land following a replat of the leased land and establishing the <br />date of January, 1995, and every fifth (5th) year thereafter, for appraising and adjusting the fair market <br />rental value of the leased land; and <br /> <br />WHEREAS, the parties desire to enter into Lease Amendment NO.2 to reflect a more recent <br />replat of the lease site, to make technical corrections to the lease, and to provide for rent payment <br />credits for production and employment effective January 1, 1999; and <br /> <br />WHEREAS, the rent payment credits are to be an incentive to the Lessee to further expand <br />production at its facilities and to maintain and increase employment opportunities within the City in <br />the seafood processing industry; and <br /> <br />WHEREAS, the lease amendment is also intended to encourage increased fish processing <br />and employment at Lessee's facility, which may increase fish tax receipts for the additional fisheries <br />resources processed within the City and provide other economic benefits to the community; and <br /> <br />WHEREAS, it is in the public interest to promote continued and increased employment of <br />persons in the seafood processing industry because it will promote economic stability and economic <br />growth within the City and benefit the community through job growth and other related economic <br />impacts; and <br /> <br />WHEREAS, the rent payment credits are limited in amount and are only available after <br />certain base levels of production or employment have been met; and <br />