FY2026-07 Authorizing A Ground Lease With Kodiak Rodeo and State Fair, Inc.1
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KODIAK ISLAND BOROUGH
RESOLUTION NO. FY2026-07
A RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH AUTHORIZING
THE ISSUANCE OF A NEGOTIATED GROUND LEASE WITH KODIAK RODEO AND STATE
FAIR, INC.
WHEREAS, Kodiak Rodeo and State Fair, Inc., formerly Kodiak Jaycees, Inc., has occupied
Borough land commonly known as the Kodiak Fairgrounds under a 55 -year lease that originated
November 4, 1970, with the State of Alaska and was later assumed by the Kodiak Island Borough
(KIB); and
WHEREAS, the lease of the fairgrounds property expires on November 3, 2025; and
WHEREAS, Kodiak Rodeo and State Fair, Inc., a nonprofit corporation, has requested to
continue occupation of this land for the purpose of continuing a local rodeo and fair program and
similar historical activities by entering into a new lease for a term of twenty-five years; and
WHEREAS, as required by KIBC 18.20.030, disposal of this tract of land was recommended by
the Planning and Zoning Commission and approved by the Assembly via Resolution No. FY2026-
06; Resolution No. FY2026-06 further directed the Manager negotiate a lease with Kodiak Rodeo
and State Fair, Inc; and
WHEREAS, Kodiak Island Borough Code (KIBC) 18.40.020 permits the KIB to, upon approval
by Resolution of the Assembly, enter into a negotiated lease for a period not to exceed twenty-
five (25) years to a qualified nonprofit corporation tenant for a reasonable rental rate taking into
consideration the purpose for which the real property is to be used.
NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH that the Borough Manager is authorized to execute a ground lease with Kodiak Rodeo
and State Fair, Inc. for a term of twenty-five years at an initial rate of $500 per year.
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS SIXTEENTH DAY OF OCTOBER, 2025
KODIAK ISLAND BOROUGH
Scott Arndt, Mayor
>TTEST.
UMI"
Nova M. Javier, MMC Borough Clerk
36
37 VOTES:
38 Ayes: Griffin, Johnson, LeDoux, Smiley, Whiteside, and Ames
39 1 Vacant Seat
Resolution No. FY2026-07
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