HomeMy WebLinkAboutResolution No. 2005-09Suggested by:
CITY OF KENAI
RESOLUTION NO. 2005-09
City Administration
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, APPROVING
THE SALE OF LOT FIVE (5), BLOCK ONE (1), EVERGREEN SUBDIVISION, KlM
ADDITION.
WHEREAS, a written request has been received from Wallace R. Jackson 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(e) 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 modification 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 resolution 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 Five (5), Block One (1), Evergreen
Subdivision, Kim Addition.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 6th day of April,
2005.
PAT PORTER, MAYOR
ATTEST:
Carol L. Freas, City Clerk.
Approved by Finance: ~
(3/25/05) kh
210 Fidalflo Avenue, Kenai, Alaska 99611-7794
Telephone: 907-283-7535 / FAX' 907-283-3014
www.ci.kenai.ak.us
Memorandum
Date:
To.'
From:
March 28, 2005
Larry Semmens, Acting City Manager
Kim Howard, Assistant to the City Manager
Wallace R. Jackson Proposal to Purchase-
Lot 5, Block 1, Evergreen Subdivision, Kim Addition
Wallace R. Jackson has submitted an offer for $9,500 (terms) to purchase Lot 5, Block 1,
Evergreen Subdivision, Kim Addition. Mr. Jackson has a home on adjacent Lot 6. He
originally offered $8,500 cash and City Manager Snow negotiated with him for a $9,500
(terms) sale.
The lots were offered for sale by competitive bid on April 1994 for the appraised value of
$11,000 cash. There were no bidders. There have been "For Sale" signs on the lots since
then. Borough assessed value for the lot is $11,200.
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 of said tract or tracts of land with
a modification 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 resolution of the City Council.
Council has approved discounted sales for several lots in the subdivision, the most recent to
Bernie Doyle in June 2002 for $9,500 (cash). In September 2000 Council approved a sale to
Jerry Stock for $9,500 (cash). Also, in June 1997 Council approved a discounted sale for
$9,500 (cash) for four lots to Jerry Stock d/b/a New Castle Builders.
Occasionally, I receive inquiries about the properties, however, there have been no other
written offers made. Attached is a resolution for the April 6th Council meeting to approve the
sale.
Attachments
/kh
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SUBDIVISION
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Subject
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