HomeMy WebLinkAboutRESOLUTION 1967-47~ ~ w:soutrlnv vo.~ a7
RESOWfIaN AUIi1URIZINC 'Ciiti ASSIC:yh'Iiy'fS OF LAT y AIRPORT S/ll No. 1 (AIEYESKA S/D)
I WI~REAS +Ir. iV. [i. Fletcher has a valid lease of l.. 9, Aleyeska S/D and
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Wlii:I~AS dir. t9. E. Fletcher is securing financing from Kenai City Development, Inc.,
the National [ionic of Alaska and tiie Small Business Administration for ti-e construc-
tion of a Lieater an said Lot and
~ idDiREAS it is determined by the City Council to be in the best interests of the
City of Kenai that an assignment of the right of ~~1r. Fletcher in and to thin Lot
be assigned for the purpose of securing financing for the construction of said
theater
NCfA TtiEI~I~R BE I'i' Rt;50LVED by the Ciry Council of the City of Kenai that:
1. The City Council does hereby approve the assigrurent. of said interest
in said Lot by W. E. Fletc~ter to Kenai City Development, Inc.
Z. The City cf Kenai does hereby approve the assignment of interest in .
said Lot by Kenai City Development, Inc. to National Bank of Alaska and/
or Small Business Administration.
3. City Manager James -4. Ilarrison is hereby authorized to oxecute said
documents an behalf of the City of Kenai.
2 August, 1967 Kenai, Alaska
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