Loading...
HomeMy WebLinkAboutRESOLUTION 1974-20r ..~ ~ ,~' ~ t~ v ~ CITY OF KkNAI -- RiiSOLU'PION 74-20 AUTHORIZING THE TURN(~VER OF ALL OF THE CITY'S INTEREST IN THE IMI~ROVEMENTS TO THAT RECREATIONAI. FACILITY KNOWN AS THE "RACETRACK" LOCATED ON LANUS LEASED TO CITY BY ALASKA DEPARTMENT OF NATURAL RESOURCES LEASE ADL 55120. WHEREAS, the City of Kenai and other interested organizations and persons partic3pated in a community effort in 1972 to construct a dirt race track, access road and site for spectators viewing; WHEREAS, City funds of $23,599.55, and possibly other City contributions of ec{uipment or "force account" labor to assist were made in development of the said racetrack facilities in cooperation and coordination with interested groups and persons; WHEREAS, hoped for activity adequate to maintain the racetrack facilities has not achieved a level of financial support anticipated or required to permit continued operation o£ the racetrack facility with participation by the City of Kr,nai; WHEREAS insurance, rental costs and other operational coSts are estimated to ~5,000.000 per year which apparently exceeds a reasonable return to the residents of the City of Kenai which in turn could justzfy continuing support from general tax revenues; W~REAS, continued leasing of land for a racetrack by the City has passed an experimental period and does not justify continuation when the (:ity has uther land ~rhi~h might be used without the payment of lease rental payemnts; and WHEREAS, the Kenai Peninsula Racing Association, Inc., a non-profit corporation has collected and received all the interest and assets of other groups including but not necessarily limited to stands, track and parking in hopes that such an organization can by itself continue to operate the racetrack facilities in question; and WHEREAS, a discontinuance of continued leasing of the land by the City of Kenai is in the financial interest of the overall public consideration o£ the City of Kenai at this time; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI: Section 1- The City finds that there has been adequate notice to interes e~ pc~arties of a public hearing preceding final action on the turnover of racetrack facilities to the Kenai Peninsula Racing Association, Inc., so all interested groups, parties, or persons in the City have had an opportunity to appear at a public hearing before the City Council to discuss and argue i.n favor or against the relinquishment of the City's interest in any improvements in the racetrack facilities as described in this resolution. , _ ____ _____ _ __ _ __ ,., _ ~, _ . • : • ~ -- • . ~ ~' ~ Se~tion 2- That it is in the public interest and welfare to relin~iuish ti~City's interest in any i.mprovements and any City's interest in any lease, on those premises described as: Real property and exceptions as described in Division of Natural Resources ADL 55120 attached hereto. Section 3- That it appears that the Kenai Penizsula Racing Association, Inc., is best able to carry on programs at the racetrack facilities in a manner which might be successful in achieving the initial goals of the community effort prompting construction of such racetrack facilities. Section 4- That assistance of the City shall be limited to a transfer to t e Kenai Peninsula Racing Association, Inc., of all interest in the improvements on the above described racetrack site. Section 5- The Council finds the cost for insurance, lease rental and ot er anticipated and possibly unanticipated costs, are exceeding a reasonable return, to the residents at large in the City of Kenai and considering other pressing financial consideratiuns must be terminated at this time. Section 6- That all reasonable notice to interested parties has been given~ the contemplated action by the City Council in ter- minating its interest in the racetrack facilities and turning over its interest in such facilities to the said association. Section 7- That primary reason for the City to turn over to the Kenai en~la Racing Association, Inc., its interest in the improve- ments on the racetrack facilities, is based on the said association's ' status as a non-profit corporation which has requested consideration for such turnover and has as its purpose the achievement of the goals initially considered for the racetrack. Sectior~ 8- That the foregoing "turn over" be conditioned upon Kenai Peninsu~~~ing Association, Inc., agreeing to give City of Kenai "first refusal" to resume facilities if the said association intends to transfer the facility or disband. Passed this f_~ day of ,~974. ~- /' ~ ~~L~2Z/ ATTES : ~~L ar n oos i, City er , ..u _ ~ - -- --- --~ - ..Y.. . -- - -..___...