City of Cordova Council Meeting Agenda April 2026
City Plans Land Sale to Native Village of Eyak for Cultural Center
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Description
The City of Cordova is considering Ordinance 1238 to authorize a Purchase & Sale Agreement with the Native Village of Eyak for Lots 19–25, Block 6, Original Townsite, at a price of $700,000. The tribe plans to develop a new Ilanka Cultural Center on the site under a 15‑year development schedule that includes liquidated damages and a right of first refusal for the City until substantial completion.
Contract Details
Contract Amount
$700,000
Vendor
NATIVE VILLAGE OF EYAK
Agency
City of Cordova, AK
Contract Type
FACILITIES
Document Date
April 1, 2026
Contract Term
Up to 15 years to achieve substantial completion of development per Exhibit C timeline
Renewal Date
2041-12-31
Renewal Info
Purchase & Sale Agreement includes a 15‑year development schedule with annual liquidated damages for delay and City right of first refusal until substantial completion; no renewal term specified as this is a fee‑simple land sale.
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