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Home My WebLink AboutResolution No. 2021-69611 jC1, KENAI CITY OF KENAI RESOLUTION NO. 2021-69 Sponsored by: Administration A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA APPROVING THE EXECUTION OF A LEASE OF AIRPORT FUND LANDS USING THE STANDARD LEASE FORM BETWEEN THE CITY OF KENAI AND INTEGRATED ACCOUNT MANAGEMENT, INC. ON LOT 3, BLOCK 3, COOK INLET INDUSTRIAL AIR PARK SUBDIVISION. WHEREAS, the lease to Integrated Account Management, Inc. for Lot 3, Block 3, Cook Inlet Industrial Air Park Subdivision expires on June 30, 2022; and, WHEREAS, on June 30, 2021, Integrated Account Management, Inc. submitted an application to renew a lease of City owned airport fund properties outside of the Airport Reserve, described as Lot 3, Block 3, Cook Inlet Industrial Air Park Subdivision; and, WHEREAS, the Integrated Account Management, Inc. lease application states the intention to maintain current professional office operations; with the appraised value of existing improvements of $697,000, that allows a lease term of 45 years according to the term table in Kenai Municipal Code 22.05.055; and, WHEREAS, the proposed continued use would be mutually beneficial and would conform with the Kenai Municipal Code for zoning and Kenai's Comprehensive Plan; and, WHEREAS, the City of Kenai did not receive a competing lease application within thirty (30) days of publishing a public notice of the lease application from Integrated Account Management, Inc.; and, WHEREAS, at their regular meeting on October 27, 2021, the Planning and Zoning Commission reviewed the lease application and recommended approval by the City Council; and, WHEREAS, at their regular meeting on November 9, 2021, the Airport Commission reviewed the lease application and recommended approval by the City Council. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, as follows: Section 1. That a Lease of Airport Reserve Lands is approved and the City Manager is authorized to execute a lease between the City of Kenai, Lessor, and Integrated Account Management, Inc., Lessee, using the City's Standard Lease form for a 45 -year term. Section 2. That this Resolution takes effect immediately upon passage. Resolution No. 2021-69 Page 2 of 2 PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 1s' day of December, 2021. ATTEST: nz, MMC, City l KENAI ED New Text Underlined; [DELETED TEXT BRACKETED] KENAI ,enai 1 210 Fidal. Ave, Kenai, AK 99611-7794 1907.283 7535 1 www.kenai.city MEMORANDUM TO: Mayor Brian Gabriel and Kenai City Council THROUGH: Paul Ostrander, City Manager FROM: Ryan Foster, Planning Director DATE: November 16, 2021 SUBJECT: Resolution No. 2021-69 — Approving the Execution of a Lease to Integrated Account Management, Inc. On June 26, 2006, Integrated Account Management, Inc. entered into an assignment of lease for Lot 3, Block 3, Cook Inlet Industrial Air Park Subdivision with Decor Inlet Industries, Inc. This lease terminates on June 30, 2022. Integrated Account Management, Inc. proposes to maintain the current professional office operations; with the appraised value of existing improvements, $697,000, that allows a lease term of 45 years according to the term table in Kenai Municipal Code 22.05.055. Pursuant to Kenai Municipal Code 22.05.040 Lease application review, notice of the lease application was posted in the Peninsula Clarion and no competing applications were submitted for the parcel within 30 days to the City. The parcel is within the Central Mixed Use (CMU) Zone. Pursuant to KMC 14.20.125, the purpose of the CMU Zone is to provide a centrally located area in the City for general retail shopping, personal and professional services, entertainment establishments, restaurants and related businesses. The district is also intended to accommodate a mixture of residential and commercial uses. The existing professional office use is a permitted and compatible use in the CMU Zone. The Imagine Kenai 2030 Comprehensive Plan outlines goals, objectives, and action items for the City, including this one pertaining to Quality of Life: Objective Q- 14: Continue to foster a compact, intensive mix of private and public uses in the downtown core area. The proposed use by Integrated Account Management, Inc. complies with the Imagine Kenai 2030 Comprehensive Plan by supporting development on lease lots in the downtown business district. This is an airport fund property, but is located outside of the Airport Reserve Boundary The Planning and Zoning Commission recommended approval of the lease application at their meeting on October 27, 2021. The Airport Commission recommended approval of the lease application at their meeting on November 9, 2021. Thank you for your consideration. Attachments: City of Kenai Land Lease Application from Integrated Account Management, Inc. Aerial Map of 140 Main Street Loop Road. Page 2 of 2 The City of Kenai I www.kenai.city City of Kenai Application for: New Lease <<"�> Land Lease Application — Amendment Extension Assignment Ix Renewal rbnh .;r KENA Application Date: 06/25/2021 Applicant Name of Applicant: Integrated Account Management, Inc. /John C. & Marie L. Parker ailing Address: 140 Main Street Loop City: Kenai State: AK Zip Code: 99611 Phone Number(s): Home Phone: 907-252-1086 Work/ Message Phone: 907-263-3007 E-mail: (Optional) pesi@acsalaska.net Name to Appear on Lease: Integrated Account Management, Inc. Mailing Address: 140 Main Street Loop City: Kenai State: AK Zip Code: 99611 Phone Number(s): Home Phone: 907-252-1086 Work/ Message Phone: 907-283-3007 E-mail: (Optional) pesi@acsalaska.net Type of Applicant: Individual (at least 18 years of age) I Partnership Ix Corporation Government Limited Liability Company (LLC) Other Property Information and Term Requested Legal description of property (or, if subdivision is required, a brief description of property): Lot 3 Block 3 Cook Inlet Industrial Air Park Sub Plat #K-1448 KPB Parcel No. 04323017LH01 Address: 140 Main Street Loop, Kenai, AK 99611 Does the property require subdivision? (if Yes, answer next two questions) L YES R NO Subdivision costs are the responsibility of the applicant unless the City Council determines a subdivision serves other City purposes: 1. Do you believe the proposed subdivision would serve other City purposes? L YES U NO 2. Are you prepared to be responsible for all costs associated with subdivision? L YES C NO If an appraisal is required to determine the minimum price on the land, are you prepared to be responsible for the deposit to cover costs associated with appraisal? (The cost of the appraisal Li YES will be either refunded or credited toward the purchaser at closing) Are you prepared to be responsible for recording costs associated with lease execution? LxJ YES Do you have or have you ever had a Lease with the City? (if Yes, answer next question) U YES .J NO 1. Legal or brief description of property leased: Same property as above Request a Lease whh an Option to Purchase once development requirements are met';= .°�°;,u°C YES C NO Requested term for Initial Lease or Renewal (based on Term Table, not to exceed 45 years): 45 years Requested term for Lease Extension (based on Term Table, not to exceed a total of 45 Years): _.— Requested Starting Date:08/01 /2021 CITY OF KENAI DATE ( _;4IZl PLANNING DEPARTMENT C Proposed Use and Improvements Proposed Use (check one): I Aeronautical I■ Non -Aeronautical Do you plan to construct new or additional improvements? (if res, answer next five questions) L YES L NO 1. Will the improvement change or alter the use under an existing lease? L YES L NO 2. What is the proposed use of the improvement? 1 What is the estimated value of the improvement? 4. What is the nature and type of improvement? 5. What are the dates construction is estimated to commence and be completed? (generally, construction must be completed within two years) Estimated Start Date: Estimated Completion Date: Describe the proposed business or activity intended: Professional offices: Trustee Services of Alaska, Professional Escrow Services, Inc., Integrated Robotics How does the proposed lease support a thriving business, residential, recreational, or cultural community? The above companies have been In business in the City of Kenai for 30+ years and intend to maintain business in this location continuing to provide services to the community, the City of Kenai and the State of Alaska. Lease Assignment Only: What is the name of the individual or legal entity the lease is to be assigned? Lease Renewal Only Renewal of an Existing Lease (at least one year of term remaining): Requires new development. Lease Term based on: Estimated cost of new improvements and Purchase Price (optional) x Renewal of an Expiring Lease (less than one year of term remaining): Does not require new development. Lease Term based on: F- Purchase Price I Professional Estimate of Remaining Useful Life z Fair Market Value appraisal and/or — Estimated cost of new improvements (optional) Requested Term for Renewal Based on Term Table, not to exceed 45 Years: 45 years submitting an application for a lease does not give the applicant a right to lease or use the land requested in the application. The application shall expire twelve (12) months after the date the application has been made if the City and the applicant have not, by that time, entered into a lease, unless the City Council for good cause grants an extension for a period not to exceed six (6) months. The City has no obligation to amend, renew or extend a lease and may decline to do so upon making specific findings as to why a lease renewal, extension, or amendment is not in the best interest of the City Signature: - I Date: 06/25/2021 Print Name:Title: President/Owner Ffir Ctly Used �(+ �' z y 2 e App4 mon ecelved - v Q ienerl Furtd �}O' q rpprt f3esecve l and S9Appl sation-D- I lele q � #3•fvnd 11 t rf7-(31�tst�dU�rorYRe�s9rve" �t�$�7NtiucePuplreaUt2r��tQsA�I t r*^e•. �l V ��F'a 1'or `fi' � 'A.l � �,�`^, ►.-R �r� �If�,lfn�(�'�ff?4ci014?tIO,rL �ffrr`�).N 1,.�k f :� - ;w. r r �% I