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<br />I <br /> <br />I <br /> <br />I <br /> <br />Sponsored by: J.anks< <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2000-026 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, APPROVING INLET FISH PRODUCERS, INCORPORATED, <br />LAND LEASE, LEASE NUMBER RE-94-087, AMENDMENT NUMBER 4, <br />EXERCISING THE OPTION TO EXTEND THE LEASE TERM FOR ONE <br />ADDITIONAL YEAR. <br /> <br />WHEREAS, on June 28, 1999, the City entered into a lease agreement with Inlet Fish <br />Producers, Incorporated, for a parcel ofland described as Lot 4, Block 3, Fourth of July Creek; and <br /> <br />WHEREAS, this lease expires on June 30, 2000, with the option to extend the lease one <br />additional year; and <br /> <br />WHEREAS, Inlet Fish Producers, Incorporated, desires to amend the lease agreement by <br />exercising their option to extend the lease term to June 30, 2001, with no further options to extend; <br />and <br /> <br />WHEREAS, the Seward Marine Industrial Center upland area is under-used; and <br /> <br />WHEREAS, there are no proposals with a higher and better use for this property; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF SEWARD, ALASKA, that: <br /> <br />Section 1. Amendment Number 4 to the Inlet Fish Producers, Incorporated, lease of Lot 4, <br />Block 3, Fourth of July Creek Subdivision, Seward Marine Industrial Center, Lease RE-94-087 is <br />hereby approved. <br /> <br />Section 2. The City Manager is authorized and directed to execute Amendment Number 4 <br />to Lease Number RE-94-087. <br /> <br />Section 3. A copy of the amendment is attached and incorporated herein by reference. <br /> <br />Section 4. This resolution shall take effect immediately upon its adoption. <br /> <br />PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this 13th day <br />of March, 2000. <br />