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2003-31 Purchase of Miller Point Subdivision LotKODIAK ISLAND BOROUGH RESOLUTION NO. 2003 -31 Introduced by: Requested by: Drafted by: Introduced: Adopted: Manager Carlson Manager Carlson Manager Carlson 11/18/2003 11/18/2003 A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY AUTHORIZING THE BOROUGH MANAGER TO COMPLETE THE PURCHASE AND LEASE OF NEW LOT 8A -1 MILLER POINT SUBDIVISION WHEREAS, Kodiak Island Borough Code 18.10.1 10 (C) provides that the Borough may acquire real property by negotiated purchase; and WHEREAS, Kodiak Island Borough Code 18.10.020 provides that real property shall be acquired pursuant to a resolution of the Assembly; and WHEREAS, the Fire Protection Area No. 1 Board adopted a resolution requesting that the Assembly purchase new lot 8A -1 Miller Point Subdivision for access and expansion of the Bayside Fire and Training Complex; and WHEREAS, the Manager contracted for an independent appraisal that determined that the estimated fair market value of the property is $290,000; and WHEREAS, the Borough Manager negotiated with the property owner, pursuant to Assembly approval, and found the owner's last and final offer to be $300,000 including free rent for two years and that the Borough pay all closing, survey, and platting costs including relocation of the sewer and water; and NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THAT: Section 1: In accordance with KIB Code Section 18.10.020, the Manager is authorized to complete the purchase of Lot 8A -1 Miller Point Subdivision for $300,000 and in addition shall pay all closing costs including $2,500 for the seller's attorney's fees and costs associated with utility relocation pursuant to the plat requirements. Section 2: The Kodiak Island Borough Assembly, in accordance with Title 18.40 of the Kodiak Island Borough Code, authorizes the Manager or his designee to negotiate with the seller Mary Cossette a lease of the residence on the property to be acquired for a period not to exceed two years from the date of close at no rent except minor maintenance and the cost of utilities. NOW, THEREFORE, BE IT FURTHER RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THAT the Assembly recognizes that a premium is being paid for the property, but also has balanced the cost of the premium with the additional benefits to the Borough and chooses to allow this to take place due to the unique value of the property to the Borough's adjoining property and the need for adequate access for future expansion and additional utility of the property. Kodiak Island Borough, Alaska Resolution No. 2003 -31 Page 1 of 2 ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THIS EIGHTEENTH DAY OF NOVEMBER, 2003 ATTEST: Gabrielle LeDoux, Borotjgh Mayor u dith A. Nielsen, MC, Borough Clerk KODIAK ISLAND BOROUGH Kodiak Island Borough, Alaska Resolution No. 2003 -31 Page 2 of 2