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1968-22 Purchase of Lands for I Street PlaygroundAN ORDINANCE OF THE KODIAK ISLAND BOROUGH, KODIAK, ALASKA, AUTHORIZING THE PURCHASE OF CERMIN LANDS FOR THE EXPANSION OF THE I Sivr..L2 PLAYGROUND follows: KODIAK ISLAND BOROUGH ORDINANCE NUMBER 68 -22 -0 BE IT ORDAINED by the Borough Assembly of the Kodiak Island Borough as Section One: Pursuant to Section 07.20.080 (9) Alaska Statutes, the purchase of Lots Fourteen (14), Fifteen (15), Sixteen (16), and Seventeen (17), Block Forty -two (42) of the East Addition to the Townsite of Kodiak from DENNIS I CESSNA and GJYNE'TH (S.SNA, husband and wife, for the sum of FIFTEEN THOUSAND SIX HUNDRED and No /100ths ($15,600.00) DOLLARS is hereby proved which purchasmr price shall be paid as follows: EIGHT THOUSAND and No /100ths ($8,000.00) DCQ,t first and down payment and the balance of SEVEN THOUSAND SIX HUNDRED and No /100ths , together with interest thereon at the rate of six per cent (6 %) per annum to be paid in one (1) installment of SEVEN THOUSAND SIX HUNDRED an No /100ths ($7,600.00) DOLLARS plus the full amount of interest due at the time of such annual installment with the installment to be paid on or before the 1st day of September, 1969. Section Two: The purchase of Lots Nine (9), Ten (10), Eleven (11), Twelve (12), Thirteen (13) of Block Forty -taro (42) East Addition to the Townsite of of •; • age One, ORDINANCE NUMBER 68 -22 -0 . PRATT and BERTHA T. PRATT, husband and wife, for the sum FIVE HUNDRED and No /100ths ($17,500.00) DOLLARS is hereby approved with the terns of such purchase to be as follows: The sum of FIVE THOU- SAND NINE HUNDRED and No /100ths ($5,900.00) DOLLARS to be paid as a first and down payment and the balance of ELEVEN THOU- SAND SIX HUNDRED and No /100ths ($11,600.00) DOLLARS together with interest thereon at the rate of six per cent (6%) per annum shall be paid in two annual installments of FIVE THOUSAND EIGHT HUNDRED and No /100ths ($5,800.00) DOLLARS each together with the full amoun of interest due at the time of each such installment, the first such annual installment to be paid on or before the 1st day of September, 1969, and a like annual installment on the 1st day of September, 1970. Section Three: This Ordinance shall be in full force and effect, from and after its passage and approval as required by law. First Reading and Approval Date: October 3, 1968 TTEST: GL/ SIDIN 0 ICER age Two, ORDINANCE NUMBER 68 -22 -0 KODIAK ISLAND BOROUGH L - / BY: CHAIRMAN