HomeMy WebLinkAboutRESOLUTION 1991-40Suggested by: Ad~inistration
RBOOLUTIOH HO. g~-40
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
APPROVING THE EXCHANGE OF LOT 6, BLOCK 4, FID~ CONM]~CIAL
CENTER, W~.ICH IS OWNED BY THE CITY, FOR LOT 3, BLOCK 4, FIDALGO
COMMERCIAL CENTER, WHICH IS OWNED BY JEFFREY AND PAMELA
JEFFERSON.
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 6, Block 4, Fidalqo
Commercial Center is $63,900, and the fair market value of
Block 4, Fidalgo Commercial Center is $42,200, and
Lot 3,
WHEREAS, Jeffrey and Pamela Jefferson are aware that Lot 6, Block
4, Fidalgo Commercial Center will have a 10e easement along the
common lot line of Lots 6 and 7 to allow for a proposed foot
trail connecting the Recreation Center to the Bernie Huss Fitness
Trail, and
WHEREAS, Jeffrey and Pamela Jefferson will be responsible fer the
payment of all property taxes for 1991, and any prior taxes, for
Lot 3, Block 4, Fidalgo Conunercial Center, and
WHEREAS, this exchange is advantageous to the City.
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF_
KENAI, that they approve the exchange, with payment by terms for
the difference in values, of Lot 6, Block 4, Fidalgo Commercial
Center, which is owned by the City, for Lot 3, Block 4, Fidalgo
Commercial Center, which is owned by Jeffrey and Pamela
Jefferson.
PASSED BY THE COUNCIL OF THE CITY OF KENAI,
of June, 1991.
ATTEST:
ALASKA, this
, HAYOR
19th day
4~
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