CITY OF VALDEZ, ALASKA
RESOLUTION 126-09
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALDEZ, ALASKA, AMENDING RESOLUTION 125-58 BY CHANGING THE LEASE TERM OF THE APPROVED GRAVEL EXTRACTION LEASE FOR KNIK CONSTRUCTION CO., INC, FROM FIVE YEARS TO TWENTY YEARS, FOR A PORTION OF PARCEL E 1, TRACT A, ABLS 79-116, PLAT 2002-12 AND TRACT C-1, ASLS 79-116, PLAT 2002-13
WHEREAS, Resolution 125-58, authorizing a gravel extraction lease with Knik Construction Co. Inc, was adopted on December 2, 2025; and
WHEREAS, Section 2 of Resolution 125-58 states that the term of the lease will be five years; and
WHEREAS, Knik Construction Co. Inc had requested a 20-year gravel lease with their initial application; and
WHEREAS, following adoption of the resolution authorizing a 5-year lease, Knik Construction Co:, Inc has requested that the City Council amend Resolution 125-58 to change the term of the lease to twenty years.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VALDEZ, ALASKA, that:
Section 1. Section 2 of Resolution 125-58 is amended to read, “The term of this lease will be twenty years.”
Section 2. All other sections of Resolution 125-58 remain as-is.
