City Weighs Assignment of OBI Seafoods Ground Lease

The City of Homer will consider Resolution 26-053 to approve assignment of OBI Seafoods, LLC’s 20-year ground lease for Lots 41 and 42 on the Homer Spit, with an initial annual base rent of $69,876.96, to Silver Bay Seafoods-Valdez, LLC. The resolution also retroactively approves a prior change of control of OBI Seafoods, LLC and authorizes the City Manager to execute related documents.

Scope & details

The full contract record, as filed.

Contract amount

Initial annual base rent of $69,876.96

Contract type

FACILITIES

Contract term

Twenty year ground lease ending December 31, 2036, with two consecutive five-year extension options

Renewal date

2036-12-31

Renewal

Original lease term ends December 31, 2036, with options for two consecutive five-year extensions; resolution addresses assignment and prior change of control, not renewal.

Document type

Agenda

Source document

City of Homer City Council Regular Meeting Agenda 2026-08-10

Related contracts

Other contracts from Obi Seafoods Llc.

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City of Homer Agenda Packet 2026-08-10

AMENDED

City of Homer, AlaskaAnnual base ground rent $69,876.96Aug 8, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Homer?

Obi Seafoods Llc was awarded this facilities contract by City of Homer, as recorded on August 8, 2026. The contract value is Initial annual base rent of $69,876.96.

How much is the Obi Seafoods Llc contract with City of Homer worth?

The Obi Seafoods Llc contract with City of Homer is valued at Initial annual base rent of $69,876.96, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Homer City Council Regular Meeting Agenda 2026-08-10 (Agenda), dated August 8, 2026 from City of Homer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Obi Seafoods Llc hold?

Obi Seafoods Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Obi Seafoods Llc's profile

What is City of Homer currently buying?

Explore City of Homer's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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