HomeMy WebLinkAboutORDINANCE 0856-1983r
®Hl
,s <
Sugtjaf; ed bys Adminiat.ration
CITY Of' KENAI
ORDINANCE NO. $56-83
AN ORDINANCE OF THE: COUNCIL OF THE CITY OF KENAI, ALASKA RE-
PEALING KMC 21.10.110, AND AMENDING KMC 22.05.040(b) AND KMC
22.05.040(f) WHICH PROVIDE FOR COMMISSIONS TO RF_ALTORS FOR SALE
OR LEASE OF CITY LAND,.
WHEREAS, realtors have initiated or consummated few Ieanes or
sales of City lands while acting as an argent on behalf of their
clients, and
WHEREAS, the lack of activity by realtors is caused, in part, by
the existing ordinance which does not permit the applicant to
meet or exceed the high bidder in a aenled bid land aale, and
WHEREAS, the negotiable real estate c:ommianion, of up to 100% for
land salon is exeeaoive and unrenoonahlo to administor, and
WHEREAS, it is inappropriate for a real estate agent to receive
the specified comminainn if he in a party to the naln, and
WHEREAS, the land manager is the reaponoible individual for
providing information to the real aatato industry regarding City
lands available for loaoe or ogle.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA as followes
Section 1s KMC 21.10.110 is repealed.
Section 2s KMC 22.05.040(b) is hereby amended by adding a
new subsection to read as follows:
(6) If the land in question is to be sold by sealed bid
and the applicant han submitted a valid bid, but
acid applicant is not the high bidder, he may purchaee
the land by tendering the City a bid equal to the
high bid within five days of the bid opening.
Section 31 KMC 22.05.040(f) in repealed and re-enacted as
followes
r�
Where a real estate agent furnishes a buyer for City
land, the cloning ager►t shall be authorized to pay anid
agent a real estate cortminsian of 5% of the purchaue
price for the land or 5% of the appraised fair market
value of the land, whichever is lower, under the
following terms and conditionns
(1) The City Manager shall provide a non-
exclusive listing of lands available for sale.
(2) No commission shall be paid to an agent wherry
said agent is a party, or in privity with a party,
to said sale.
PASSED BY THE COUNCIL OF THE CITY OF ENA1, ALA KA, thin 18th clay
of May, 1983.
MAYaR
A ,
ATTESTs
0"I'm aa- 22��-
7et Whelant'City Clerk
First Readings April 211, 1983
Second Readings May 49 1983
Third Readings May 18, 1983
Effective Bates Juno 18, 1983
2