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Resolution 19-017 Lease Assignment from Snug Harbor Seafoods Inc. to Copper River Seafoods Inc.
Summary
A Resolution of the City Council of Homer, Alaska, Approving a Lease Assignment from Snug Harbor Seafoods Inc. to Copper River Seafoods Inc. and Authorizing the City Manager to Execute the Appropriate Documents for a New Twenty Year Lease with Options for Two Consecutive Five Year Lease Renewals for a Portion of Lot 13B, City of Homer Port Industrial Subdivision No. 2, According to Plat No. 80-92, at an Initial Annual Rate of $12,996.12. City Manager.
Ordinance/Resolution ID:
19-017
Ordinance/Resolution Status:
Adopted
Introduction Date:
03/11/2019
Effective Date:
03/11/2019
File Attachments:
Related Meetings
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Details
CITY OF HOMER
HOMER, ALASKA
City Manager
RESOLUTION 19-017
A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, APPROVING A LEASE ASSIGNMENT FROM SNUG HARBOR SEAFOODS INC. TO COPPER RIVER SEAFOODS INC. AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE APPROPRIATE DOCUMENTS FOR A NEW TWENTY YEAR LEASE WITH OPTIONS FOR TWO CONSECUTIVE FIVE YEAR LEASE RENEWALS FOR A PORTION OF LOT 13B, CITY OF HOMER PORT INDUSTRIAL SUBDIVISION NO. 2, ACCORDING TO PLAT NO. 80-92, AT AN INITIAL ANNUAL RATE OF $12,996.12.
WHEREAS, Snug Harbor Seafoods Inc. requested to transfer their 2014 City lease to Copper River Seafoods Inc. as part of Copper River Seafoods Inc.’s buyout of Snug Harbor Seafoods Inc. assets; and
WHEREAS, Copper River Seafoods Inc. submitted a complete application pursuant to Homer City Code (HCC) § 18; and
WHEREAS, Copper River Seafoods has indicated their intention of operating a fish buying station which is similar to the Snug Harbor Seafoods Inc. permitted use of seafood buying; and
WHEREAS, Per HCC § 18.08.110 the lease is in compliance and the past lease history has shown contractual obligations are satisfactorily met; and
WHEREAS, The lease assignment will be based on the City’s updated lease template which reflects the new and current code requirements; and
WHEREAS, The initial annual rental rate of $12,996.12 will change in accordance with the appraisal of the lot due in 2019 per HCC § 18.08.100; and
WHEREAS, On February 27, 2019 The City Administration and the Port and Harbor Advisory Commission reviewed the application pursuant to HCC § 18.08.060 and recommend a new twenty year lease with options for two consecutive five-year renewals for a portion of Lot 13B, City of Homer Port Industrial Subdivision No. 2, according to Plat No. 80-92; and
WHEREAS, HCC § 18.08.160 (4) states Council shall approve or deny the request for lease assignment via resolution.
NOW, THEREFORE, BE IT RESOLVED that the City Council of Homer, Alaska, hereby approves the lease assignment of the Snug Harbor Seafoods Inc. lease from Snug Harbor Seafoods Inc. to Copper River Seafoods Inc., and authorizes the City Manager to execute a new twenty year lease with options for two consecutive five-year renewals for a portion of Lot 13B, City of Homer Port Industrial Subdivision No. 2, according to Plat No. 80-92, at an initial annual base rent of $12, 996.12 for the purpose of a fish buying station.
PASSED AND ADOPTED by the Homer City Council this 11th day of March, 2019.
CITY OF HOMER
KEN CASTNER, MAYOR
ATTEST:
_________________________________________
MELISSA JACOBSEN, MMC, CITY CLERK
Fiscal note: $12,996.12
