1994-15 Increasing the Rental Rate for Office Space in the Kodiak Island Borough Building.KODIAK ISLAND BOROUGH
RESOLUTION NO. 94 -15
Introduced by: Mayor Selby
Requested by: Mayor Selby
Drafted by: Resource Manager
Introduced: 04/07/94
Amended: 04/07/94
Adopted: 04/07/94
A RESOLUTION INCREASING THE RENTAL RATE FOR OFFICE
SPACE IN THE BOROUGH BUILDING
WHEREAS, the Kodiak Island Borough is the owner of all improvements on Lot 5,
U.S. Survey 2538A, including the structure known affectionately as the
Borough Building; and
WHEREAS, this former dormitory building has been converted into office space of
which 77 percent is used as office space and the remaining space is
common area; and
WHEREAS, the rental rate charged tenants for office space in the Borough Building
has not been adjusted for at least ten (10) years; and
WHEREAS, the expense to operate and maintain the Borough building is constantly
increasing with the present break even cost at $1.25 per square foot;
and
WHEREAS, the Kodiak Island Borough Assembly desires to manage the office
complex as a self- sustaining enterprise with the goal of full occupancy
but providing the available space to qualified occupants, giving first
priority to school, mental health, and government use.
NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH THAT:
Section 1: The borough mayor is authorized to adjust the rental rate of office space
in the Borough Building from $1.00 to $1.10 per square foot per month
for fiscal year 1995, based on the following square footage figures:
KODIAK ISLAND BOROUGH SCHOOL DISTRICT - 4,439
KODIAK ISLAND BOROUGH - 8,802
CITY OF KODIAK - 3,447
KMXT -1,307
STATE OF ALASKA C &RA - 236
Kodiak Island Borough, Alaska Resolution No. 94 -15
Page 1 of 2
Section 2: All other provisions of the leases remain as in effect.
Section 3: This increase will begin on the first day of fiscal year 1995.
ATTEST:
ADOPTED BY THE KODIAK ISLAND BOROUGH ASSEMBLY
THIS SEVENTH DAY OF APRIL, 1994
Donna F. Smith, Borough Clerk
KODIAK ISLAND BOROUGH
L. McFarland, Pr siding Officer
Kodiak Island Borough, Alaska Resolution No. 94-15
Page 2 of 2