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1965-05 Approving Final Plat Lot 1, U.S. Survey 3462 And Waiving Portion Of Ordinance 64-4-011 • 1 c, KODIAK ISLAND BOROUGH ASSEMBLY RESOLUTION NUMBER 65 -5 A resolution of the Borough Assembly of the Kodiak Island Borough pertaining to Section eight of the Kodiak Island Borough Subdivision Ordinance No. 64 -4. WHEREAS, Ordinance No. 64 -4 provides that no final or official plat of any subdivision shall be approved by the Bor- ough Assembly or recorded unless satisfactory installations of sanitary sewers and waterlines have been installed or unless the �. subdivider has filed with t he Borough Clerk a surety bond, c4shier's check or certified check upon an Alaskan bank conditioned to secure ,I the construction of such improvements and WHEREAS, NAUGHTON'S INCORPORATED is the owner of the fo Knut Solberg home -stead in Mill Bay, which property was original y conveyed to Naughton's Bakery, a partnership comprised of the Naughton brothers and thereafter conveyed to NAUGHTON'S INCORPORATED and WHEREAS, the owners of NAUGHTON'S INCORPORATED, the Naughton brothers, are in the process of building individual homes on said property and have made application to the Small Business Administration for financing and it is necessary that the property be subdivided and transferred to the respective bro- thers to secure individual financing and WHEREAS, the financing provides for the construction of a water and sewer system in said subdivision for the approximate c ..r $ and Page One, RESOLUTION NUMBER 65- , 1 1 1 1 I 1 1 1 WHEREAS, it is necessary that the land transfer take Pl e such financing can be secured. NOW. THEREFORE, be it resolved that the Kodiak Island Borough Assembly grants it approval to the final plat of Naughton's property in Mill Bay, subject to the express condition that none of said lots will be sold or transferred to any individual who was not a former partner in Naughton's Bakery, until after the water and sewer system have been installed. PASSED AND APPROVED this day of �, 1965. Page Two, RESOLUTION NUMBER 65- 5— Chairman KODIAK ISLAND BOROUGH ASSEMBLY BY: / FrQ Y�G c�� ['��lfl��.l�C� Presiding Officer