HomeMy WebLinkAboutRESOLUTION 1991-39Suggested by: Administration
RF~OZ~OTXOM ~0. g:1-39
A RESOLUTION OF THE COUNCIL OF THE CITY OF KEN&Z, ALASKA,
APPROVING THE EXCHANGE OF LOTS 1 & 2, BLOCK 1, COOK INLET
INDUSTRIAL AIR PARK, WHICH ARE OWNED BY THE CITY, FOR LOT 8,
BLOCK 1, ETOLZN SDBDZVZSION NO. 3, WHICH ZS OWNED BY ALASKA US&
FEDERAL CREDIT UNION.
WHEREAS, KMC 22.050.070 allows the City to enter into property
exchanges whenever it is advantageous to the City to make such an
exchange, and
WHEREAS, the fair market value of Lot 1, Block 1, Cook Inlet
Industrial Air Park is $53,000, and the fair market value of Lot
2, Block'1, Cook Inlet Industrial Air Park is $45,000, which is a
total value of $98,000, and
WHEREAS, the fair market value of Lot 8, Block 1, Etolin
Subdivision No. 3 is $143,000, and
WHEREAS, this exchange is advantageous to the City, and
WHEREAS, Alaska USA Federal Credit Union will be responsible for
the payment of all property taxes for 1991, and any prior taxes,
for Lot 8, Block 1, Etolin Subdivision No. 3.
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY..OF .......
KENAI, that they approve th· exchange, with no cash payment for
the difference in values, of Lots 1 & 2, Block 1, Cook Inlet
Industrial Air Park, which are owned by the City, for Lot S,
Block 1, Etolin Subdivision No. 3, which is owned by Alaska USA
Federal Credit Union.
PASSED BY THE COUNCIL OFTHE
of June, 1991.
ATTEST=
Carol Freas,
CITY OF KENAI,
this 19th day
[LLIANS, MAYOR
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