HomeMy WebLinkAboutORDINANCE 1134-1986Suggested by: Administration
CITY OF KENAI
ORDINANCE NO* 1134-66
T'
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENA19 ALASKA9
AMENDING KMC 22.OS.040(c) BY REQUIRING THAT A LESSEE OF AIRPORT
LANDS MUST HAVE EITHER LEASED FOR A PERIOD OF TWO YEARS OR
COMPLETED DEVELOPMENT IN CONFORMITY WITH A DEVELOPMENT SCHEDULE
BEFORE HE HAS A RIGHT TO NEGOTIATE A PURCHASE AT FAIR MARKET
VALUE,
WHEREAS, the federal Aviation Administration (FAA) is concerned
that lessees of Airport Lands may be loading property with the
Intention of subsequently purchasing the property by negotiations
and thereby avoiding competitive bidding; and,
WHEREAS, the City and FAA have agreed that a two-year waiting
period will reduce the number of occurrences of such leaseal and,
WHEREAS, delaying purchases until development is completed or two
years have passed is in the best financial interests of the City.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENA19 ALASKA9 that KMC 22.05.040(c) be amended as follows:
22.OS.040(c) If the tract of land (airport or otherwise)
proposed to be sold is leased land where the lease sets forth a
develogment schedule (UPON WHICH SUBSTANIIAL INFROVEHENT5 HAVE
11W HAVEqj WIMSee may, at his request, negotiate the sale of
said land at not lose then fair market value. The current
lessee obtains this riaht to negotiate a sale on a er a has
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loosed for the t; eriod imme istel receding its
-the land two-year y
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ty mg
sale or the lassos hae-to the satisfaction a anaer
com leted deve loomen t as delailed in the deve logmen t schedule
=011 hoe been Incorporated into tne lease agreement Sthis
condition applies t6 Air OVt Lance lease d after June it 1906),
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PASSED 8Y THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 21et
day of May, 1986.
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ATTEST:
.
Whelan, City Clerk
rivet Readings May i, 1986
Second Readings May 219 1986
Effective Date: June 21, 1996
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