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NPPI v. CITY AND BOROUGH OF YAKUTAT

Nos. S-11072, S-11091.

113 P.3d 575 (2005)

NORTH PACIFIC PROCESSORS, INC., d/b/a Sitka Sound Seafoods, and John Sevier, Appellants/Cross-Appellees, v. CITY AND BOROUGH OF YAKUTAT, ALASKA, a Municipal Corporation, Appellee/Cross-Appellant.

Supreme Court of Alaska.

As Corrected on Rehearing June 29, 2005.

Attorney(s) appearing for the Case

Anthony M. Sholty, Faulkner Banfield, P.C., Juneau, for Appellants/Cross-Appellees.

Sara E. Heideman, Hedland, Brennan, Heideman & Cooke, Anchorage, for Appellee/Cross-Appellant.

Before: BRYNER, Chief Justice, MATTHEWS, EASTAUGH, and FABE, Justices.

OPINION

EASTAUGH, Justice.

I. INTRODUCTION

The City and Borough of Yakutat leased a fish-processing plant and cold storage to North Pacific Processors, Inc. (NPPI) and its predecessor, Sitka Sound Seafoods, Inc., for many years. This appeal concerns disputes about Yakutat's contractual "first option to purchase" items installed on the leased property by the lessees, and the appropriate purchase price. We hold that the superior court did...

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