HomeMy WebLinkAboutORDINANCE 1575-1993•
CITY OF KENAI
Suggested by: Council
ORDIMANC]! NO. lS7a~93
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AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
AMENAING KMC 22.050.040 (c) TO CLARIFY LESSEES' RIGHT TO
NEGOTIATE THE SALE OF THEIR LEASED LAND, AT NOT LESS THAN THE
FAIR MARKET VALUE, AFTER MAKING SUBSTANTIAL DEVELOPMENTS.
WHEREAS, it is the desire of the Kenai City Council that leased
land may be sold to a lessee for fair market value only after, to
the satisfaction of the City Manager, development has been
completed as detailed in the development schedule which has been
incorporated into the lease agreement, and
WHEREAS, if there is no development schedule, the lessee may
purchase the property if there has been substantial improvement
as determined by the City Manager.
NOW, THEREFORE, 8E IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that KMC 22.05.040 (c) be amended as follows:
22.05.040(c) If the tract of land (airport or otherwise)
proposed to be sold is leased land [WHERE THE LEASE SETS FORTH A
DEVELOPMENT SCHEDULE], the lessee may, at his request, negotiA~e
the sale of said land at not less than the fair market value.
The current lessee obtains this right to negotiate a sale only
after, [HE HAS LEASED THE LAND FOR THE TWO-YEA!R PERIOD
IMMEDIATELY PRECEDING THE SALE OR THE LESSEE HAS] to the
satisfaction of the City Manager, [COMPLETED] development ~
been completed as detailed in the development schedule which has
been incorporated into the lease agreement [(THIS CONDITION
APPLIES TQ AIRPORT LANDS LEASED AFTER JUNE 1. 198611. 1f here
City Man cry er_
PASSED BY THE GOUNCIL OF THE CITY
of December, 1993. ~,
ATTEST:
Carol L. Frees, C ty Clerk
(11/5/93)kh
First Reading:
Second Reading:
Effective Date:
November
December
January
17~ 1993
1, 1993
1, 199
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