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Home My WebLink AboutORDINANCE 1408-1990 • Suggested by: Administration City of Kenai N0. 1408-90 r~ ~~J~ AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREA3ING~ ESTIMATED REVENUES AND APPROPRIATIONS BY $33,100 IN THE GENERAL.FUNU FOR THE PURCHASE OF PROPERTY AT THE KENAI SENIOR CITIZENS CENTER; WHEREAS, in 1989, the City of Kenai constructed a parking lot at the Senior Citizens Center, which crossed a lot line of Lot 2, Spur. Subdivision No. 3, and WHEREAS, in 1990, the City expanded the dining area of the Senior Citizens Center, which also crossed a lot line of Lot 2, and WHEREAS, the City has obtained an appraisal of these additional land areas, which total 16,553 square feet, and WHEREAS, the Federal Aviation Administration has concurred with the appraised value of $33,100, and WHEREAS, the General Fund should purchase this property from the Airport. NOVA, THEREFORE, BE IT 'ORDAINED BY THE COUNCIL OF THE CITY OF RENAL,. ALASKA that estimated revenues and appropriations be increased as follows: General Fund Increase Estimated Revenues: Appropriation of Fund Balance 33.100 Increase Appropriations: Land Department - Land ~33~ 1.~ Airport Land Sale Trust Fund (Memo Onl3t) rrwr ^ Increase Estimated Revenues: Land Sales ,~,~3~1,~ Increase Appropriations: Reserved Fund Balance • $33.100 ,, ... ,. :. .. ,. .. .: .: . ... .. •... :.. r • PASSED BY THE COUNCIL OF THE CITY OF KF.~TAI, ALASKA, this 2nd day :of January, . 1991. ..» ATTESTS Carol L. Frees, Oity C1®xk. Approved by Finance: (12/13/90 kl • ti • Introduced: December 19, 1990 Adopted: January 2, 1991 Effective: January 2, 1991 ..... ' ;~s: ~ - - ;: - ~ ,, ~ is „ , r.. i ~ i.. • .. :~:. - 1: . ~,: _, a• -~ r~ ~~ ':~'. _'{; ., ` ~. _~,,,, ~,. .. ...-t ~ •:.. -,. ~-. ~~, ;~ F t ~.i ~.~ -c.'•.c ... .:...'~ .. °~. .a~~ ~~! ., -t : c.., ny, i! ii It tr•,~~•. FRYRHOLM & SCHAAFSMA APPRAISAL 189 South Binkley, Sulte 101 Soldotna, glaeka 98888 Kenai, Alaska 98811 ~2~5822 283$822: October 18, 1990 City of Kenai 2I0 Fidalgo Street Kenai, Alaska 99611 Attention: Kira Howard, Administrative Assistant Rea Appraisal of a portion of Lot 2A, SPUR SUBt?IVISION NO. 9 A resubdivision of Lot 2, Spur t~ubclivision No. 3 Per City of Kenai Purchase Order No. 30560 Dear Kims As you requested, = have made an inspection and valuation of the above referenced property. The purpose of this appraisal report is3 to estimate the current market value of the fee simple estate of the subject property for salsa purposes. 8aeed on the ~inepection of the sub ect analysis undertaken, I have formed the opinioarthattlsaoF Octobsre13ig1990st.ar-d subject to the assumptions and limiting conditions set forth in this report,i the current market value of the subject ies $33,100 -THIRTY THREE THOUSAND ONE HUNDRED DOLLARS The estimate of value is based on an inspection of the property, an investigation and analysis ae set forth in tho attached appraisal report, and ie subject to the assumptions and limiting conditions set forth in the report. This report contains th0 identification of the property, all aoaumptione as~d limiting conditions, pertinent facts concerning thus area and the subject property, comparable data, the results of my investigation and analysis, anti the reasoning leading to tlse cor~clusi~n of values set forth herein. Thank you for the opphrtunity to bR of servicQ. RRSpectfully r~ubmitted, FRYK~i LM ppsASSAL ~1 Jnhtl ~. g C i ~1ppr~~i. r s ., :... ,.. , ~'' ... .._ ....~ .- _ , 1 .i ~ :. _. , r {i 1791~1gS1 ci~Y of ~~~ai X14 FIDAt.QO KENAf, ALABKA ~61t " THL.EPMONlE 4i~ • 76~!!i' . FAX 907~~8~3Q14 Mr. Floyd Pattison Federal Aviation Administration Alaskan Region 222 West.~th Avenue, Box 14 Anchorage, AK 99513-?587 RE: hppraisai l~uthorisatioa - A Poxtioa o! Lot 2A, spur Bubdivisioa Ito. 9 tRasvbdivision of Lot z, spur 8ubdivisioa No. 3~ Dear Mr. Pattison: The enclosed appraisal report is submitted for your agency~s review and approval. The City has xead.the appraisal report and. agrees with the dust compensation estab~,ished. The City of Kenai, purchased Lot 2, Spur Subdivision ~`3 for the location of the Kenai Senior Citizens. Canter. The sale took place in August, 3,982 and the General Fund paid the Airport Land System S36,ooo for the property. Tn the summer of 1989, the City constructed a parking lot which crossed. over the lot line to the north. This summer, the City began an addition to the dining- room which has crossed over the lot line to the west. The lot is being replatted; the new lot will be called Lot 2A, Spur subdivision No. 9. The City General Fund intends to purchase the assembled property from the Airport Land system. Please advise me in writing if this appraisal meets with your approval. Thank you for your att®ntion in this matter. Sincerely, .~ ,~~ Kim Howard Administrative Assistant Enclosure /kh ~WP5I~SALES~PATTISON.LTR .. ,~. .a •I i.' . . i .. r L .' ... • ~.. .. v.... r . ti .' i.. ~ . _ '..ti ., .. • ~ • '. .:' . ' ~ )i. .~ .. .f r ~ .• October 24, 1990 '~ U.S. Department of Transportation Federal Aviation Administration December 11, 1990 • Ma~.- Rim Howard ....... . Administrative Assistant City oP Renai 210 Fidalgo - Renai, Alaska gg6tt Dear Ms. Howard: Alaskan Region 222 W. 7th Avenue ~ 14 Anchorage,; Ala&k~ 88513.7E 87 - •Renai Airport Appraisal•Por Lot 2A Spur Division No. 3 The Federal Aviation Administration {~FAA),.hae reviewed the appraisal report and oonour with the Pair market value listed as followas ............. .... . 2A = 333,100, a resubdiviaion oP Lot 2, Spur Division No.3 Please oontaot Ms. Carla Follett at H?!-5~~t5, if you have any questions. Sincerely, ~~ ~~~~ Floyd H. Pattisoa ~ - ....... Manager, Planning and Programming Airports Division ,: • .. ; --