ports_and_harbor_commission_meeting_agenda_october.pdf
Knik Construction Recommended for Valdez Barge Dock Lease
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Description
The Valdez Ports and Harbor Commission is recommending that City Council approve assignment of the long‑term lease for 4380 McKinley Street, Parcel B ATS 10, from Harris Sand & Gravel to Knik Construction Co., Inc., maintaining annual rent at 10% of the appraised value. The amended lease would run through May 31, 2043 and add annual reporting of materials moved while supporting continued barge and marine construction operations.
Contract Details
Contract Amount
Annual rent equal to 10% of appraised value (current appraised value $38,000.00)
Vendor
KNIK CONSTRUCTION COMPANY INC
Agency
Providence Valdez Medical Center, AK
Contract Type
FACILITIES
Document Date
October 20, 2025
Contract Term
Assumed lease term through May 31, 2043
Renewal Date
2043-05-31
Renewal Info
Knik Construction is applying to assume the existing 21‑year lease that took effect November 23, 2022 and expires May 31, 2043, with all terms continuing and an added requirement for annual throughput reporting; no new renewal options are described.
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pendingcity-of-unalaska-meeting-minutes-2024-10-22_0ec.pdf
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