HomeMy WebLinkAboutRESOLUTION 1978-211°~ z,._ _ _. ,.
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j CITY OF KENAI
RESOLUTION NO. 78-211
A RE~~OLUTION OF THE COUNCIL OF THE CITY OF KENAI AUTHORIZING THE CITY MANAGER
TO S1GN ALL FUT~+RE ASSIGNMENTS OF AIRPORT LEASES FOR COLLATERAL PURPOSES
AND EXISTING AIRPORT LEASES CONVERTED TO THE NEW LEASING FORM .
WHEREAS , the Council has enacted Ordinance 400- 78 which modernized the leasing policy
of airport lands, and
WHEREAS , said ordinance permits lessees to assign for collateral purposes without the
prior consent of the Council, and
WHEREAS , said ordinance also provides for a new lease form containing convenants more
advantageous to lessees, and
WHEREAS. it was the intent of Council in enacting Ordinance 400-78 to offer the benefits
of the new leasing policy to sU existing lessees as long as those lessees wou:d convert
their existing lease with the new lease form, and
WHEREAS , there is no reason why the Council should have to review simple assignments
for collateral purposes and simple conversions from old to new lease forms.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI as follows:
Section 1: The City Manager is hereby authorized to sign all future assignments
for collateral purposes of airport leases without prior Council approval.
Section 2: The City Manager is hereby authorized to sign airport land leases
which are simply conversions from old existing leases to the new lease forms.
Section 3: At the time the documents are signed, the Council shall be provided
with a copy of the newly executed document for informational purposes.
PASSED BY THE COUNCIL OF THE CITY OF KENAI this 20th day of December, 1978.
ATTEST:
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Stte C . Peter, City Clerk
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VINCENT O'REILLY/MA OR