Laserfiche WebLink
<br />I <br /> <br />I <br /> <br />I <br /> <br />Sponsored by: Janke <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2000-056 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, AUTHORIZING THE CITY MANAGER TO ENTER INTO A <br />NEW LEASE AGREEMENT WITH JACK SCOBY FOR A PORTION OF <br />BLOCK 8, OCEANVIEW SUBDMSION, SEWARD RECORDING <br />DISTRICT, THIRD JUDICIAL DISTRICT, STATE OF ALASKA, FOR THE <br />PURPOSES OF OPERATING A RETAIL MERCHANDISE FACILITY. <br /> <br />WHEREAS, Jack Scoby (Lessee) has proposed a lease term extension to his existing lease <br />agreement, Lease Number RE-68-0n with the City of Seward for a portion of Block 8, Ocenaview <br />Subdivision, Seward Recording District, Third Judicial District, State of Alaska, for the purposes of <br />operating a retail merchandise facility; and <br /> <br />WHEREAS, the current lease has been in effect since November 9, 1988 and the Lessee has <br />established a retail merchandise facility on the leased land; and <br /> <br />WHEREAS, the Lessee has recently completed extensive capital improvements to the leased <br />property and desires to take advantage of improved financing arrangements and can only do so by <br />extension of his lease term; and <br /> <br />WHEREAS, the City desires to update the form and content of the old lease and bring the <br />lease up to date by terminating Lease Number RE-68-0n and entering into a new lease agreement <br />with Lessee using current forms, terms and conditions in conjunction with the lease term extension; <br />and <br />WHEREAS, it is in the public interest to promote continued and increased retail activity of <br />this type within the City and benefit the community through stability, job groWth and other related <br />economic impacts; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY mE CITY COUNCIL OF THE CITY <br />OF SEWARD, ALASKA, that: <br /> <br />Section 1. It is the public's interest to enter into a new lease agreement with Jack Scoby for <br />this property. The lease rate provided in the lease is at the City's recently appraised Fair Market <br />Rental Value. <br /> <br />Section 2. The City Manager is hereby authorized to enter into a new lease agreement with <br />Jack Scoby, attached and incorporated herein by reference, in substantial form as attached hereto, to <br />record a lease memorandum to reflect such lease, and to make such changes to the attached lease as <br />necessary to finalize lease between the parties but without changing the substantive terms as described <br />in the attached lease. <br />