Lease of tidelands to other than preference right holders for areas which have more than 250 feet of frontage along the upland meander line, or lease of any tidelands valued above $7,500,000, may be submitted to the voters for an advisory vote. The assembly shall stay its decision on any such sale, lease, or disposition pending the outcome of the election. This section shall not apply to leases at the former Alaska Pulp Corporation mill site, now known as Gary Paxton Industrial Park, and the property leased under Ordinance 99-1539.
(S.G.C. 18.16.170; Ord. 03-1751 § 4, 2003; Ord. 18-29 § 4, 2018)