HomeMy WebLinkAboutResolution No. 2006-33Suggested by: City Administration
CITY OF KENA%
RESOLUTION NO. 2006-33
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, APPROVING
THE SALE OF LOT SEVEN (7), BLOCK TWO (2), EVERGREEN SUBDIVISION, KIM
ADDITION.
WHEREAS, a written request has been received from Walt Larson to purchase a lot in
Evergreen Subdivision, Kim Addition for $9,500.00 (terms); 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 (cash); and,
WHEREAS, no valid bids were received; and,
WHEREAS, there have been no other offers to purchase this parcel at the fair market
value; and,
WHEREAS, KMC 22.05.040(ej 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 moditication 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 resoiution of the City Council.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, the Council approves the sale of Lot Seven (7), Block Two (2), Evergreen
Subdivision, Kim Addition.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this S~h day of July,
2006.
~~~, ~° ~-~..~
PAT PORTER, MAYOR
A1"fEST:
~~~ ~ ~~~
Carol L. Freas, City Clerk
~ ~ Approved by Finance: ''
(6/27/06) kh
} "l/i~la9e wit~r a P~st, Gc~ wit~i a Fi~t~cre"
.~~~. ~~~_ 210 Fidalgo Avenue, Kenai, Alaska 99611-7794
_ " ~ Telephone: (907) 283-7535 / Fa~c (907) 283-3014
y~ www.ci.kenai.ak.us
tlreutyof
KENA1~ SKA
l~~er~r~orandu~r~
Date: June 27, 2006
'I'o: Rick R. Koch, City Manager
From: Kim Howazd, Assistant to the City Manager
RE: Walt Larson, Offer to Purchase - Lot 7, Block 2, ~vergreen Subdivision, Kim
Addition
'I`he City offered for sale by competitive bid 15 loCS in Evergreen Subdivision in April 1994. The terms
were cash at the appraised value of $11,000. There were no bidders. There have been "For Sale" signs
~ on the lots. 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 oPsaid tract or tracts of land with a modification of proposed
terms or for less than the appraised valuation provided that no such negotiated sale far less than
appraised value shall be binding upon the City unless the terms and price therein are approved by
resolution of the City Council.
Attached is an offer to purchase Lot 7, Block 2, ~vergreen Subdivision, Kim Addition submitted by Wa1C
Larson. Mr. Larson has offered $9,500 terms. (The interest rate would be 1 I°/a} The Borough assessed
value is currently $12,900.
Council has approved discounted sales in the subdivision, as follows:
• Apri12006 - $9,500 (cash)
• December 2005 -$25,000 for tiu~ee lots (No electric & gas)
• September 2005 -$9,500 each for two lots
• May 2005 - $9,500 (terms)
• June 2002 - $9,500
• September 2000 - $9,500
• June 1997 -$9,500 each for fo~ lo2s
In Mazch, the City sold the laz~est lot in the subdivision (Lot l, Block 3) for $12,000.
There have been no offers to purehase this remaining lot that thE City has for sale in the subdivision.
Attached is a resolution approving the sale for Council consideration.
AtCachments
June 26, 2006
City of Kenai
Attn: Kim Howard
Assistant to the City Manager
210 Pidalgo Avenue
Kenai, AK 99611
Re: Lot 7, Block 2, Evergreen Subdivision, Kim Addition
I am interested in purchasing the referenced property for $9,500 under terms as allowed
by the City.
My $1,000 good faith deposit is enclosed. Please contact me as how to proceed.
Sincerely, ~
!
Walt Larson
P.O. Box 666
Kasilof, AK 99610
(360)241-7017