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#25-64 - Authorizing a Lease Amendment and Extension to the Lease and Management Agreement with the Valdez Museum and Historical Archive Association for the Museum and Museum Annex
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SUBMITTED BY: Nicole Chase, Senior Planner
FISCAL NOTES:
Expenditure Required: N/A
Unencumbered Balance: N/A
Funding Source: N/A
RECOMMENDATION:
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Approve Resolution 25-64.
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SUMMARY STATEMENT:
The Valdez Museum and Historical Archive (VMHA) entered into a lease and management agreement with the City of Valdez on September 3, 1996. The prior agrement expired in 2021, and the Museum applied for a new agreement which was approved. The first of four consecutive 5-year terms expires December 31, 2025, and the VMHA submitted a letter of intent to renew with the same terms (letter attached). VMHA requested to extend the term of the lease for an additional five-year term.
VMHA leases the property for $10 annually. VMC Section 4.08.030 states : "...the city may lease city lands for less than the fair rental value to any state or federal agency or political subdivision, a public utility, a nonprofit organization, or to a new industry on terms advantageous to the public welfare of the city if the council, by motion passed by not less than six councilmen, determines the lease to be in the best interest of the public."
Due to the requested discounted rent, the approval of this lease requires an affirmative vote of not less than six City Council members.
VMHA, City of Valdez staff, and the City Attorney reviewed the existing LMA and identified clerical errors, and some sections that needed to be updated for current practice. Minor redlines are proposed to update some clerical errors, add clarity, and modernize the Agreement language to current practice regarding the Museum Endowment. All other aspects of the agreement will remain unchanged.
Pending Council approval of this lease, Community Development staff will work with VMHA and the City Attorney to exe...
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