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1979-60 Setting Forth The Terms And Conditions For A Public Offering Of A Ten Year Lease Of Parcel P-1, Tract A, Bells Flats Alaska Subdivision.11 ] 1 1 1 1 1 KODIAK ISLAND BOROUGH RESOLUTION NUMBER 79 -60 -R A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY SETTING FORTH THE TERMS AND CONDITIONS FOR A PUBLIC OFFERING OF A TEN YEAR LEASE OF PARCEL P -1, TRACT A, j.BELLS FLATS ALASKA SUBDIVISION. WHEREAS, the negotiated borrow lease on Parcel P -1, Tract A, Bells Flats Alaska Subdivision expired September 9, 1979, and WHEREAS, this has been the location of a major gravel extraction and gravel processing site in the Kodiak Island Borough, and WHEREAS, the site is zoned industrial, and WHEREAS, the Kodiak Island Borough Assembly has determined the site is lsurplus to the Borough needs and the site should be made available for continu- ing industrial use for the next ten (10) year period, NOW, THEREFORE, the Kodiak Island Borough Assembly authorizes Parcel P -1, Tract A, Bells Flats Alaska Subdivision be offered for lease subject to the following terms and conditions: 1. The lease term not to exceed ten (10) years. 2. The offering to be made at a public auction. 3. Bidders must qualify prior to bidding by having an approved development plan as provided in Section 18.20.100 of the Kodiak Island Borough Code of Ordinances. 4. The offering shall include a provision to pay the unit price for gravel as set by Section 18.60.060 (A) of the Kodiak Island Borough Code of Ordinances for any gravel removed from the site during the lease period. 5. The lease rate is to be adjusted at the end of the first five (5) year term as provided in Section 18.40.080 of the Code of Ordinances. 6. The minimum lease rate is to be determined by the assessor and it shall be based on ten (10) percent of the assessed land value. 7. The mill rate established for the Bells Flats Road Service District will be charged to the lessee based on the assessed value of the land and improvements located thereon. 11 n I e 19 n j l 1 ATTEST : 8. The public auction to offer this lease is to take place 1:30 P.M., January 19, 1980, in the Borough Assembly Chambers. day of November PASSED this 7th PAGE 2 RESOLUTION 79 -60 -R PARCEL P -1, Tract A Bells flats Alaska Subdivision ,1979.