HomeMy WebLinkAboutRESOLUTION 2002-34Suggested by:
City of Kenai
RESOLUTION NO. 2002 - 34
City Administration
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
APPROVING THE SALE OF LOT FOUR (4), BLOCK ONE (1), EVERGREEN
SUBDIVISION, KIM ADDITION.
WHEREAS, a written request has been received from Bernard and Sharon
Doyle to purchase a lot in Evergreen Subdivision, Kim Addition for $9,500.00
(cash); and
WHEREAS, Ordinance No. 1548-93 determined the property is not required for
a public purpose and can be sold; and
WHEREAS, this lot was included in a competitive bid sale in April of 1994, with
the minimum bid being the fair market value of $11,000; and
WHEREAS, no valid bids were received; and
WHEREAS, there have been no other offers to purchase the property at the fair
market value; and
WHEREAS, KMC 22.05.040(e) states the following:
If no offers are submitted meeting the minimum acceptable offer (or
appraised valuation), the City Manager may negotiate for sale of said
tract or tracts of land with a modification of proposed terms or for less
than the appraised valuation provided that no such negotiated sale for
less than appraised value shall be binding upon the City unless the
terms and price therein are approved by resolution of the City CoUncil.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that the Council approves the sale of Lot Four (4), Block One
(1), Evergreen Subdivision, Klm Addition.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 19th day of
June, 2002.
H~t/I LLI~lV[S, ~ A-Y ~) R
ATTEST:
-- /
Carol L. Freas, C~ty Clerk
(6/11/02) kh
Memoranclum
Date: June 11, 2002
To.'
From:
Linda L. Snow, City Manager
Kim Howard, Assistant to the City Manager
Evergreen Subdivision Lots
Attached is a proposal to purchase Lot 4, Block 1, Evergreen Subdivision, Kim Addition
sUbmitted by Bemard and Sharon Doyle. They have offered $9,500 cash for the property and
would like to build a home there.
The lots were offered for sale by competitive bid on April 1994 for the appraised value of
$11,000 cash. There were no bidders. There have been "For Sale" signs on the lots since
then. Borough assessed value for the city owned lots in Block 1 are $11,200. Assessments for
the city owned lots in Block 2 are $12,900, and for Lot 1 in Block 3, $12,000.
KMC 22.05.040(e) states the following:
If no offers are submitted meeting the minimum acceptable offer (or appraised
valuation), the City Manager may negotiate for sale of said tract or tracts of land with
a modification of proposed terms or for less than the appraised valuation provided that
no such negotiated sale for less than appraised value shall be binding upon the City
unless the terms and price therein are approved by resolution of the City Council.
In June 1997 Council approved a discounted sale for $9,500 for four lots to Jerry Stock d/b/a
New Castle Builders. In September 2000 Council approved another discounted sale to Mr.
Stock for $9,500.
I have received phone calls fi'om people interested in the properties, however, there have been
no other written offers made. Let me know how you would like me to proceed.
Attachments