Resolution 13-029 Approving a Ten Year Lease for Fortune Sea, LLC on Lot 19, Homer Spit Subdivision No. 5

CITY OF HOMER
HOMER, ALASKA
                                                                                                                    City Manager
RESOLUTION 13-029

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, APPROVING A TEN YEAR LEASE WITH NO OPTIONS FOR FORTUNE SEA, LLC ON LOT 19, HOMER SPIT SUBDIVISION NO. 5.

WHEREAS, The City of Homer issued a request for proposals pursuant to the adoption of the 2011 Land Allocation Plan; and

WHEREAS, A proposal was submitted by Fortune Sea, LLC to lease Lot 19, Homer Spit Subdivision No. 5 and the proposed use was equipment and freight staging for marine transport; and
WHEREAS, The Lease Committee reviewed the proposal at a Special Meeting on June 9, 2011 and passed a recommendation that the City Council adopt a resolution authorizing the City Manager to enter into lease negotiations with Fortune Sea, LLC; and

WHEREAS, The Homer City Council authorized by Resolution 11-081, the City Manager to enter into lease negotiations on July 25, 2011 with Fortune Sea, LLC.

WHEREAS, Negotiations were delayed for a variety of reasons, however, the parties have reached agreement on a lease consistent with the approved proposal.

NOW, THEREFORE, BE IT RESOLVED that the City Council hereby finds that it is in the public interest to approve a lease for Fortune Sea, LLC on Lot 19, Homer Spit Subdivision No. 5; a copy of which is attached and incorporated herein.

PASSED AND ADOPTED by the City Council of Homer, Alaska, this 26th day of March, 2013.

       CITY OF HOMER

          
       MARY E. WYTHE, MAYOR

ATTEST:

    
JO JOHNSON, CMC, CITY CLERK

Fiscal note:  Annual lease revenues $8,363.40