Memorandum 11-079 Amendments to Subleases

Office of the City Clerk 491 E. Pioneer Avenue
Homer, Alaska 99603
(907) 235-3130
Jo Johnson, CMC, City Clerk (907) 235-8121
Melissa Jacobsen, CMC, Deputy City Clerk II ext: 2224, 2226, or 2227
Renee Krause, CMC, Deputy City Clerk I Fax: (907) 235-3143
Email: clerk@ci.homer.ak.us

M E M O R A N D U M 11-079

TO: HOMER CITY COUNCIL

FROM: JO JOHNSON, CMC, CITY CLERK

DATE: JUNE 6, 2011

SUBJECT: ORDINANCE 11-25 TO INCLUDE AMENDMENTS TO SUBLEASES

On May 24, 2011 Council approved Resolution 11-041, the Ground Lease document. Amendments were made to the Ground Lease document to reflect a 10% additional rent assessment for a sublease.

Amendment to Homer City Code 18.08.120 is required to include the 10% of current rent assessment to lessees for a subleased area. Ordinance 11-25 reflects the addition of the defined 10% amount.

RECOMMENDATION:
Introduce Ordinance 11-25 to include a code amendment consistent with the Ground Lease document.

Fiscal Note: N/A.