An Ordinance of the City Council of Homer, Alaska, Amending Homer City Code 18.08.120, Sublease, Regarding the Charging of Additional Rent for Subleases of City Property. City Manager.
CITY OF HOMER
AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA, AMENDING HOMER CITY CODE 18.08.120, SUBLEASE, REGARDING THE CHARGING OF ADDITIONAL RENT FOR SUBLEASES OF CITY PROPERTY.
WHEREAS, Homer City Council adopted the Ground Lease document via Resolution 11-041 on May 24, 2011, and added language for an additional 10% rent assessment for a sublease; and
WHEREAS, Amendment to Homer City Code 18.08.120 is required to include the amount a lessee will be assessed for a sublease.
THE CITY OF HOMER ORDAINS:
Section 1. Homer City Code 18.08.120, Sublease, is amended to read as follows:
18.08.120 Sublease. a. City property may be subleased only if the lease agreement so provides and only with the consent of the City Council.
b. A sublease of city property shall be subject to Homer City Council approval and shall be in writing and executed by the parties. Any amendments to a sublease shall also be in writing and subject to City Council approval prior to becoming effective.
c. A lessee shall be assessed additional rent, equal to 10% of the current rent for the subleased area, upon approval of a sublease or amendments thereto.
Section 2. This Ordinance is of a permanent and general character and shall be included in the City Code.
ENACTED BY THE CITY COUNCIL OF HOMER, ALASKA, this 27th day of June, 2011.
CITY OF HOMER
JAMES C. HORNADAY, MAYOR
JO JOHNSON, CMC, CITY CLERK
Reviewed and approved as to form:
Walt E. Wrede, City Manager Thomas F. Klinkner, City Attorney
Date: ___________________ Date: _______________________