Lease-option for seafood facility site
City of CordovaAlaska- Detected
- Sep 16, 2026
- 48 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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From the meeting
At its September 16, 2026 meeting, Council considered Ordinance 1241 authorizing a lease with option to purchase Lot 2, Block 7, North Fill Development Park. The agreement was already negotiated with Prince William Sound Economic Development District for a shared seafood, mariculture, and subsistence processing facility. The lease term is 10 years, with base rent of $18,000 a year for the first five years and a $180,000 purchase option.
The site development plan calls for grants in year 1, equipment purchases in year 2, and substantial completion by September 2031.
- Meeting date
- September 16, 2026
- Agency
- City of Cordova
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When will City of Cordova issue an RFP for this project?
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