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Valdez Today
By the People, for the People
Valdez City Council Approves 20-Year Gravel Lease for Knik Construction
The city council amended a previous 5-year lease to extend it to 20 years.
Mar. 21, 2026 at 5:28am
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The City of Valdez, Alaska has approved a 20-year gravel extraction lease for Knik Construction Co., Inc. after the company requested an extension from the previously approved 5-year lease term. The city council passed Resolution 126-09, which amends the earlier Resolution 125-58 to change the lease duration.
Why it matters
Gravel extraction is an important business activity in the Valdez region, providing materials for construction projects. The extended 20-year lease term provides Knik Construction with greater long-term certainty and stability for its operations in the area.
The details
Knik Construction Co., Inc. had initially requested a 20-year gravel lease when they first applied, but the city council had only approved a 5-year term in Resolution 125-58. After the initial 5-year lease was approved, Knik Construction requested that the city council amend the resolution to extend the lease to 20 years, which the council has now done through Resolution 126-09.
- The city council adopted Resolution 125-58, authorizing a 5-year gravel lease, on December 2, 2025.
- Knik Construction Co., Inc. requested the city council amend the lease term to 20 years after the initial 5-year lease was approved.
The players
Knik Construction Co., Inc.
A construction company that extracts gravel in the Valdez, Alaska region and had requested a 20-year lease term for its operations.
Valdez City Council
The governing body of the City of Valdez, Alaska that passed Resolution 126-09 to amend the previous gravel lease term.
What’s next
The amended 20-year gravel lease for Knik Construction Co., Inc. will now go into effect.
The takeaway
This decision by the Valdez City Council demonstrates their commitment to supporting local businesses and providing them with the long-term certainty they need to continue operating in the region.
