1981-01 Setting Forth The Terms And Conditions For A Public Sale Offering Of Block 3, Tract A, Bell's Flats Alaska Subdivision.fi
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KODIAK ISLAND BOROUGH
Resolution Number 81- I -R
A RESOLUTION OF TEE KODIAK ISLAND BOROUGH ,.�
SETTING FORTH THE TERMS AND CONDITIONS FOR A
OF BLOCK 3, TRACT A, ASS E..BLY
BELL' FLATS ALASKA SUBDIVISION. OFFERING
WHEREAS. Block 3 of Tract A, Bell's Flats Alaska Subd' lV1-
sion commonly referred to as
Parcel P -1 has been the site of a
major gravel extraction and gravel processing site in the Kodiak
Island Borough, and
WHEREAS, the negotiate borrow lease on the parcel expired
ySeptember 9, 1979, and
WHEREAS, the site is zoned industrial, and
WHEREAS, the Kodiak Island Borough Assembly the has determined
surplus to the borough needs and should be offered for
sale with conditions to reclaim the site to meet the minimum
standards allowed by the industrial zoning ordinance;
NOW THEREFORE, the Kodiak Island Borough Assembly
authorizes Block 3 of Tract A, Bell's Flats
Alaska Subdivision
be offered
for sale subject to the following terms and conditions:
1• Bidders must qualify prior to bidding by having an
approved development plan as provided in Section
18 . 2 0.090 of the K.I.B. Code of Ordinances.
2. The development plan shall include provisions to re-
claim the site to the minimum grade line as provided in
the industrial zone ordinance by April 15, 1991.
3 . The minimum appraised value is to be determined by
a fee appraiser.
4 . The approved development plan submitted by the
successful bidder is to become a performance condition
of the purchase agreement.
5 . Ten percent interest is to be charged on the remaining
contract balance. The contract purchase period is not
to exceed 20 years.
At
Clerk -Tre ur r
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6. Failure to complete reclamation of the site as ;ro-
vided in the development - plan by April 15, 1991 shall
be cause to foreclose on the deed of trust agreement.
7. All other general conditions shall be as - .provided in
Title 18.20 and 18.30 of the K.I.B. Code of Ordinances.
8. The public auction of the parcel is to take place at
1:30 P.M. April 18, 1981 in the Borough Assembly
Chambers.
PASSED this 9th day of January , 1981.
Mayor
KODLAK ISLAND BOROUGH