FY2020-25 Authorizing Terms And Conditions For Sale Of A Tax Foreclosed Property Legally Described As The Se ¼ Ne ¼ Se ¼ Within Section 30, Township 30 South, Range 29 West Seward Meridan, Larsen Bay At Borough Land Sale Number Eighteen.1
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Introduced by: Borough Manager
Drafted by: Finance Director
Introduced on: 05/07/2020
Adopted on: 05/07/2020
KODIAK ISLAND BOROUGH
RESOLUTION NO. FY2020-25
A RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH AUTHORIZING
TERMS AND CONDITIONS FOR SALE OF A TAX FORECLOSED PROPERTY LEGALLY
DESCRIBED AS THE SE % NE % SE % WITHIN SECTION 30, TOWNSHIP 30 SOUTH, RANGE
29 WEST SEWARD MERIDAN, LARSEN BAY AT BOROUGH LAND SALE NUMBER
EIGHTEEN.
WHEREAS, the Kodiak Island Borough has acquired parcel number 18205/R5302903006
located at the SE % NE 114 SE'/4 WITHIN SECTION 30,TOWNSHIP 30 SOUTH, RANGE 29
WEST SEWARD MERIDAN, LARSEN BAY formally owned by Dorothy Beeching by Clerk's Deed
case number 3KO-08-27 Cl signed June 22, 2009, recorded as Document 2009-001136-0 on
6/26/2009 as a result of the tax foreclosure procedure; and
WHEREAS, the Assembly adopted Ordinance No. FY2020-14 which determined that a public
need does not exist for tax foreclosed SE 1/4 NE 1/4 SE'/4 WITHIN SECTION 30, T30S, R29W
SEWARD MERIDAN, LARSEN BAY and that it be sold; and
WHEREAS, Ordinance No. FY2020-14 directed the finance director to offer the property by
sealed bid auction with the highest bidder taking ownership, and the specific terms of sale.
NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH THAT:
Section 1: To be eligible for consideration, all sealed bids must be received in the cashier's
office by the date set by the finance director. Bidder is to enclose a 10% deposit
($1,406.00) based on the minimum bid amount shown in the bid packet. This
payment must be in the form of cash, a cashier's check, bank draft, certified
check, or other form acceptable to the Borough Finance Director. The remaining
balance must be paid within thirty (30) days.
Section 2: This property has been appraised by the Borough Assessor within a fair market
value range of $14,800 - $30,000, with recommendation that the property's
estimated sale price as is: $17,000.
Section 3: The minimum acceptable bid at auction shall be not less than ninety-five percent
(95%) if the low range of fair market appraised value (not less than $14,060). If no
qualifying bids are received, the property may be listed on-line for sale for at least
the minimum bid cost.
Kodiak Island Borough, Alaska Resolution No. FY2020-25
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Section 4: Any right of repurchase by the previous owner has expired under AS 29.25.470.
If the property is sold for more than the amount of taxes, penalties, interests and
other related costs, the Kodiak Island Borough is entitled to retain the proceeds
and is relieved of any requirement to notify the previous owner of any excess
proceeds from the sale.
Section 5: The Borough will execute and deliver to the buyer of the property a quitclaim deed,
without warranty, which will convey any and all interest the Borough might have in
the real property, subject to any state or federal liens in accordance with AS
29.45.450 and subject to easements, reservations and restrictions of record
including zoning ordinances and any plat requirements and covenants.
Prospective buyers shall also be advised in the public notice that the Borough
reserves the right to withdraw the parcel from sale and that, pursuant to law, the
property may NOT be repurchased by the previous owner, or their assigns or heirs,
at any time before the sale.
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS SEVENTH DAY OF MAY, 2020.
KODIAK ISLAND BC_ROUGH
/ . lk d-�' \
William Roberts, Mayor
ATTEST:
GI
ra Welinsky, Clerk
VOTES:
Ayes: Kavanaugh, Schroeder, Skinner, Symmons, Turner, Arndt, Dvorak
Noes:
Kodiak Island Borough, Alaska
Resolution No. FY2020-25
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