1989-32 Authorizing the Assignment of a Materials Sales Contract in Womens Bay.WHEREAS, the Kodiak Island Borough has made available for lease
1 borough gravel resources to foster competition and lower the price of rock
,products; and
l
WHEREAS, the Kodiak Island Borough and Felton Construction
Company have entered into Materials Sales Contracts on Tracts 81 and B2,
Bells Flats Alaska Subdivision; and
WHEREAS, the contract permits Felton Construction Company to
remove rock according to a development plan at a royalty rate established
yearly by borough ordinance; and
WHEREAS, Felton Construction Company requests the right to
'.' exercise their right of assignment to Aleutian Materials, Inc.; and
WHEREAS, it is to the benefit of the borough to continue the
competition for rock products as well as completion of the development plan
0 for the site;
NOW, THEREFORE, BE IT RESOLVED that the Kodiak Island
Borough Assembly authorizes the assignment of Material Sales Contracts of
it Tract 81 and B2, Bells Flats Alaska Subdivision in accordance with the
provisions of the present contracts and subject to the following conditions:
1 . Felton Construction and Aleutian Materials, Inc., acknowledges in
writing that the borough is not releasing Felton Construction
Company from its continuing liability to the borough; and
Felton Construction and Aleutian Materials, Inc. acknowledge in
writing that the borough is not releasing or waiving any of its
rights, including' its right to declare a default arising from any
past, present or future contractual obligations.
PASSED AND APPROVED THIS 6TH DAY OF JULY, 1989.
Kodiak Island Borough
'! ATTEST:
ij
Resolution No. 89 -32 -R
Page 1 of 1
By:
Introduced:
Tabled:
Tabled:
Amended:
Adopted:
KODIAK ISLAND BOROUGH
RESOLUTION N0. 89 -32 -R
A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY
AUTHORIZING THE ASSIGNMENT OF A MATERIAL SALES
CONTRACT IN WOMENS BAY
Ci
ing icer
Mayor Selby
6/01/89
6/01/89
6/15/89
7/06/89
7/06/89