HomeMy WebLinkAboutORDINANCE 0405-1978 CITY OF KENAI
ORDINANCE NO. 405-78
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, AUTHORIZING
THE CITY MANAGER TO NEGOTIATE FOR THE SALE OF CERTAIN TAX FORECLOSED
LANDS TO PHILIP W. BRYSON AND G. CRAIG FREAS AND APPROVING THE TERMS
AND PRICE THEREOF.
WHEREAS, certain parcels herein below described have been foreclosed
on by the City of Kenai for non-payment of special assessments and
have been deeded by the Superior Court to the City of Kenai, and
WHEREAS, the City of Kenai by Ordinance No. 335-77 offered the
parcels for sale at public auction on June 15, 1977, and said lands
were not sold for failure to meet minimum bid requirements placed on
said parcels, and
WHEREAS, by virtue of Ordinance No. 312-76 the Ctty Manager may
negotiate for the sale of the land in cases where no offer meets the
minimum bid, and the Council must approve the price and terms thereof
of any such negotiated sale before the sale shall be binding upon the
City, and
WHEREAS, the City has no public use for the parcels listed herein and
is empowered by State Statute to sell such parcels.
NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Kenai,
Alaska, as follows:
Section 1: The City Manager is hereby authorized to sell the
following parcels to Philip W. Bryson and G. Craig Freas pursuant
to ~he price and conditions as set forth in Section 2 hereof:
(a) Lot 5, ~lock 3, East Addition, Kenai Townsite,
Kenai Recording District (Tax Parcel No. 047-113-0200)
Former Record Owner:
Donnell DeWoody
7440 Rovena Street
Anchorage, Alaska
99502
(b)
East one-half of Government Lot 36, Section 31,
Township 6 North, Range 11 West, Seward Meridian
(Tax Parcel No. 043-050-1200)
Former Record Owner:
Effie McNair Bremond
Box 1478
Soldotna, Alaska 99669
-Ordinance No. 405-78. Page 2
Section 2: The sale prices for the two parcels are:
Parcel (a): $2,000
Parcel (b): $6,000
The purchase price will be used to satisfy all assessments and
tax obligations levied against the properties and the City will
provide a tax foreclosure quitclaim deed upon payment in full
of the purchase price.
The terms of payments will be:
1. An earnest money payment of three percent (3%)
of the purchase price.
2. Parcel (a): Balance due at time of closing.
Parcel (b): Additional seventeen percent (17%)
of purchase price at time of closing, with
balance per written agreement with the City in
ten (10) equal annual payments, plus eight
percent ($%) interest compounded annually.
~_~ day
PASSED by the Council of the City of Kenai, Alaska, this
of June, 1978.
ATTEST:
'S~-C'. Peter, City Clerk
VING~.NT O' REILdA~YOR
FIRST READING:
SECOND READING:
EFFECTIVE DATE:
Ma7 17, 1978
June 7, 1978
July 7, 1978