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CITY OF KENAI v. FERGUSON

Nos. S-1435, S-1478.

732 P.2d 184 (1987)

CITY OF KENAI, Appellant and Cross-Appellee, v. Edward A. FERGUSON, Appellee and Cross-Appellant.

Supreme Court of Alaska.

February 6, 1987.

Attorney(s) appearing for the Case

Timothy J. Rogers, City Atty., Kenai, for appellant and cross-appellee.

C.R. Baldwin, Kenai, for appellee and cross-appellant.

Before RABINOWITZ, C.J., and BURKE, MATTHEWS, COMPTON and MOORE, JJ.

OPINION

RABINOWITZ, Chief Justice.

This case arose out of a dispute over a provision in a fifty-five year lease entered into by the City of Kenai and Edward A. Ferguson. The provision was an agreement to agree to future rental terms at five-year intervals. The core of the dispute here is whether such a provision is valid and, if so, what standard should be used to determine the rental. Also at issue in this appeal are the superior court's rulings permitting...

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