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FY2007-40 Brechan Short Term LeaseA RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY AUTHORIZING THE APPROVAL OF A SHORT -TERM LEASE AND MATERIAL SALES AGREEMENT WITH BRECHAN ENTERPRISES, INC. FOR TRACTS B1, B2, B3 AND B4 -A, BELLS FLATS ALASKA SUBDIVISION WHEREAS, in Resolution FY2007 -39, the Borough Assembly declared surplus to the Borough's need and authorized the Borough Manager to negotiate directly with Brechan Enterprises, Inc., a short-term lease for full and true market value of an 84.38 acre portion of borough land described as Tracts B1, B2, B3 and B4 -A, Bells Flats Alaska Subdivision for the purpose of resource extraction; and WHEREAS, in Resolution FY2007 -39, the Borough Assembly established specific leasing procedures for this matter under KIB Code 18.40.010; and WHEREAS, the Borough Manager has presented to the Assembly a lease and material sales contract for a one year term, which complies with Resolution FY2007 -39; NOW, THEREFORE, BE IT RESOLVED, THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THAT the Borough Manager is hereby authorized to execute the short-term lease and material sales contract with Brechan Enterprises, Inc. ATTEST: ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THIS TWENTY SIXTH DAY OF JUNE, 2007 Nova M. Javier, 1 C, Borough Clerk KODIAK ISLAND BOROUGH RESOLUTION NO. FY2007 -40 Introduced by: Manager Gifford Requested by: Manager Gifford Drafted by: Borough Attorney Introduced: 06/26/2007 Amended: 06/26/2007 Adopted: 06/26 /2007 KODIAK ISLAND BOROUGH Jerome M. Selby, Borough Mayor Kodiak Island Borough, Alaska Resolution No. FY2007 -40 Page 1 of 1