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FY2023-10 Dispose of the Larsen Bay School Property Kodiak Island Borough, Alaska Ordinance No. FY2023-10 Page 1 of 3 Introduced by: Interim Borough Manager 1 Drafted by: Borough Attorney 2 Introduced on: 11/03/2022 3 Public Hearing Date:11/17/2022 4 Adopted on: 11/17/2022 5 6 KODIAK ISLAND BOROUGH 7 ORDINANCE NO. FY2023-10 8 9 AN ORDINANCE OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH DETERMINING 10 THAT IT IS IN THE BOROUGH’S BEST INTERESTS TO DISPOSE OF THE LARSEN BAY 11 SCHOOL PROPERTY LOCATED AT 502 THIRD STREET IN LARSEN BAY BY 12 CONVEYANCE TO THE VILLAGE OF LARSEN BAY WITH CONDITIONS TO 13 ACCOMMODATE A FUTURE SCHOOL LOCATION 14 15 RECITALS 16 17 WHEREAS, the Kodiak Island Borough (Borough) owns Lot Two (2), Block Eleven (11), Larsen 18 Bay Townsite, U.S. Survey 4872, according to Plat 87-37 filed in the Kodiak Recording District, 19 Third Judicial District, State of Alaska, (the Property) which is an approximately 2.26 acre parcel 20 containing the now closed Larsen Bay School; and, 21 22 WHEREAS, the Borough originally obtained Block 11, of Tract “A” of U.S. Survey 4872 in July 23 1979 from the Village of Larsen Bay as part of its obligations under Section 14(c)(3) of the Alaska 24 Native Claims Settlement Act to provide lands for municipal facilities and through an agreement 25 between Koniag, Inc, the City of Larsen Bay, the Borough and the Village corporation; and, 26 27 WHEREAS, the conveyance of the land to the Borough was only the surface estate, and was 28 restricted for school purposes. The agreement and the deed further provided for the parcel to 29 revert to the Municipality of Larsen Bay should it cease to be used for school purposes; and, 30 31 WHEREAS, in 1987, the Borough and the City of Larsen Bay conducted a land trade and replat 32 of Block 11, Tract “A,” incorporating a vacated right of way and some City of Larsen Bay property 33 into the school parcel re-platted as Lot 2, Block 11, USS 4872, according to Plat 87-37, and 34 conveying part of Block 11, Tract “A,” which was incorporated into Lot 1, Block 11, USS 4872, 35 according to Plat 87-37, to the City of Larsen Bay; and, 36 37 WHEREAS, the Kodiak Island Borough School District officially closed the Larsen Bay School 38 due to low enrollment, and received confirmation from the State of Alaska of the acceptance of 39 the closure in 2018; and, 40 41 WHEREAS, the Kodiak Island Borough School District has no anticipated need for the Property 42 in the foreseeable future, leaving the Borough responsible for any maintenance; and, 43 44 WHEREAS, the reversionary rights in the Property limit the Borough’s ability to use the Property 45 for uses other than school purposes; and, 46 47 WHEREAS, the Borough has advised the City of Larsen Bay of the school closure and the City 48 of Larsen Bay has requested that the Property be conveyed to the Village of Larsen Bay; and, 49 Kodiak Island Borough, Alaska Ordinance No. FY2023-10 Page 2 of 3 50 WHEREAS, the Borough Assembly finds that its maintenance of the Property by the Borough 51 carries a significant cost of over $70,000 per year, and, 52 53 WHEREAS, the Village of Larsen Bay is willing to accept the Property and to provide space 54 within the building for children in Larsen Bay to engage in schoolwork; and, 55 56 WHEREAS, the Borough Assembly finds that it is in the Borough’s best interests to dispose of 57 its interest in the surface estate in the Property by conveyance to the Village of Larsen Bay with 58 the conditions that, should the Borough find it necessary to reestablish a school in Larsen Bay, 59 the Village of Larsen Bay shall either make space available in on the Property to provide for a 60 school or shall provide the Borough with an alternate school site parcel with utility hookups of at 61 least one acre in size in a single parcel for use as a school site; and, 62 63 WHEREAS, KIBC 18.20.020 permits the Borough to dispose of land in any manner not 64 prohibited by law, unless another provision of Title 18 of the KIBC or another provision of law 65 establishes a specific mandatory procedure; and, 66 67 WHEREAS, KIBC 18.20.030 calls for Planning Commission review and recommendation prior 68 to approval of a disposal of an interest in land by the Borough; and, 69 70 WHEREAS, the Assembly finds that Planning Commission review of this proposed disposal of 71 an interest in land would not provide meaningful guidance where the land is subject to a 72 reversionary interest and restricted uses. Therefore, it is in the Borough’s best interests to dispose 73 of the Property without requiring Planning Commission review under KIBC 18.20.030 prior to 74 disposal; and, 75 76 WHEREAS, the Property with building and land have an estimated value of $3,152,400. KIBC 77 18.20.050 calls for an ordinance and public vote ratifying the disposal if a sale, lease or other 78 permanent disposal of an interest in Borough land valued at over $1 million to a single entity is to 79 be accomplished by means other than an outcry auction; and, 80 81 WHEREAS, the Assembly finds that the restrictions on marketability, the reversionary interest 82 in the Property and the ongoing holding costs make the market value of this Property for a sale is 83 less than $1 million. Further, the Assembly finds that the value to the Borough is less than the 84 building value when the lack of a current use and the required maintenance costs are taken into 85 account, and finds that it is in the Borough’s best interests to have a clear determination as to 86 whether the ratification requirement will apply to proposals received for this disposal process. 87 Therefore, the Assembly finds that the ratification requirement in KIBC 18.20.050 should be 88 waived because the Borough’s ability to market the Property to other parties is severely restricted 89 if not precluded entirely; and, 90 91 WHEREAS, KIBC 18.20.100 authorizes disposal of an interest in property for less than fair 92 market value under where the disposal is to another governmental entity or a nonprofit corporation 93 or association. The Assembly finds that the disposal by conveyance to the Village of Larsen Bay 94 as designee by the City of Larsen Bay is within the scope of the intent of that code section. 95 96 NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KODIAK ISLAND 97 BOROUGH THAT: 98 99 Kodiak Island Borough, Alaska Ordinance No. FY2023-10 Page 3 of 3 Section 1: This ordinance is NOT of permanent nature and shall NOT become a part of the 100 Kodiak Island Borough Code of Ordinances. 101 102 Section 2: That the Borough Manager is authorized to convey the Property to the Village of 103 Larsen Bay by quitclaim deed substantially in the form attached hereto as Appendix 1, subject 104 to the conditions that, should the Borough find it necessary to reestablish a school in Larsen Bay, 105 the Village of Larsen Bay shall either make space available in on the Property to provide for a 106 school or shall provide the Borough with an alternate school site parcel with utility hookups of at 107 least one acre in size in a single parcel for use as a school site. The transfer shall be on terms 108 substantially the same as the terms set out in the Agreement for the Transfer of Real Property 109 with Reservation of Rights attached as Appendix 2 and incorporated herein by reference. The 110 Borough shall also retain a first right of refusal to return of the property in the event the Village of 111 Larsen Bay desires to sell the Property. 112 113 Section 3: That the disposal of the Property authorized by this ordinance shall not be subject 114 to Planning Commission review and recommendation prior to disposal under KIBC 18.20.030. To 115 the extent that code section would apply it is superseded by this ordinance and will not apply to 116 the disposal by lease under this ordinance. 117 118 Section 4: That the disposal of the Property authorized by this ordinance shall not be subject 119 to a requirement for ratification of the ordinance authorizing the disposal under KIBC 18.20.050. 120 To the extent that code section would apply it is superseded by this ordinance and will not apply 121 to the disposal under this ordinance. 122 123 Section 5: This ordinance shall become effective as provided in KIBC 1.10.040. 124 125 ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH 126 THIS EIGHTEENTH DAY OF NOVEMBER, 2022 127 128 129 VOTES: 130 Ayes: Delgado, Griffin, LeDoux, Smith, Smiley, Turner 131 Noes: None 132 One vacant seat on the Assembly 133 134 KODIAK IISLAND BOROUGH t~½lJ)A·~ Aimee VVilliams , Borough Mayor ATTEST: 1Thwvil1 · AGREEMENT FOR TRANSFER OF REAL PROPERTY WITH RESERVATION OF RIGHTS THIS AGREEMENT for the Transfer of Real Property with Reservation of Rights (Agreement), is made and entered into this day of /( akrk, , 2024, by and between the Kodiak Island Borough, Alaska, a second-class Borough, (Borough), 710 Mill Bay Road, Kodiak, Alaska 99615, and, the City of Larsen Bay (City), a second class City, whose address is Post Office Box 8, Larsen Bay, Alaska, 99624; and, Native Village of Larsen Bay (Village), a Recognized Tribe, whose address is Post Office Box 50, Larsen Bay, Alaska, 99624. WHEREAS, The Borough owns Lot Two (2), Block Eleven (11), Larsen Bay Townsite, U.S. Survey 4872, according to Plat 87-37 filed in the Kodiak Recording District, Third Judicial District, State of Alaska, (the Property) which is an approximately 2.26 acre parcel containing the now closed Larsen Bay School; and, WHEREAS, The Borough originally obtained Block 11, of Tract "A" of U.S. Survey 4872 in July 1979 from the Village as part of its obligations under Section 14(c)(3) of the Alaska Native Claims Settlement Act to provide lands for municipal facilities and through an agreement between Koniag, Inc, the City, the Borough and the Village; and, WHEREAS, The conveyance of the land to the Borough was only the surface estate, and was restricted for school purposes. The agreement and the deed further provided for the parcel to revert to the Municipality of Larsen Bay should it cease to be used for school purposes; and, WHEREAS, In 1987, the Borough and the City conducted a land trade and replat of Block 11, Tract 'A" incorporating a vacated right of way and some City property into the school parcel re -platted as Lot 2, Block 11, USS 4872, according to Plat 87-37, and conveying part of Block 11, Tract 'A" which became Lot 1, Block 11, USS 4872, according to Plat 87-37, to the City; and, WHEREAS, The Kodiak Island Borough School District officially closed the Larsen Bay School due to low enrollment, and received confirmation from the State of Alaska of the acceptance of the closure in 2018; and, WHEREAS, The Kodiak Island Borough School District has no anticipated need for the Property in the foreseeable future, leaving the Borough responsible for any maintenance; and, WHEREAS, The reversionary rights in the Property limit the Borough's ability to use the Property for uses other than school purposes; and, WHEREAS, The Borough has advised the City of the school closure and the City has requested that the property be conveyed directly to the Village rather than to the City for later transfer to the Village; and, WHEREAS, The Borough desires to transfer the Property to the City or its designee, but desires a condition with the transfer on retention of rights to reuse the Property or receive substitute property for school purposes should the Borough be required to reestablish a school in Larsen Bay; and, WHEREAS, The Village desires to receive the Property for use for providing services to the public in Larsen Bay; and, AGREEMENT FOR TRANSFER OF REAL PROPERTY WITH RESERVATION OF RIGHTS - Page 1 of 8 s/Kodiak Island Borough (20.236.A) Engineering - Facilities (Public Works) School Closures/Larsen Bay School Sale/Agreement for Transfer of Real Property WHEREAS, The Village is willing to accept the Property subject to the conditions identified by the Borough, and to grant the Borough a First Right of Refusal to the Property, and further agrees to provide space within the building for children in Larsen Bay to engage in schoolwork; and, WHEREAS, The Borough Assembly finds that it is in the Borough's best interests to dispose of its interest in the surface estate in the Property by conveyance to the Village with conditions preserving the Borough's rights to use property in Larsen Bay for school purposes if required in the future. NOW, THEREFORE, the Borough, City and Village mutually agree as follows: 1. Transfer of Property. The Borough agrees to transfer and convey, and the Village agrees to receive and accept, subject to the terms and conditions herein contained, the real property described as the Property, located at 502 Third Street, Larsen Bay, Alaska 99624, for the total price set forth in Section 2, below. The City agrees to consent to the transfer and assigns its reversionary rights, if any, to the Village. The Property is more particularly described as: Lot Two (2), Block Eleven (11), Larsen Bay Townsite, U.S. Survey 4872, according to Plat 87-37 filed in the Kodiak Recording District, Third Judicial District, State of Alaska. 2. Terms and Conditions of Sale. a. Form of Deed. The conveyance shall be by quitclaim deed substantially in the form attached as Appendix 1. b. Purchase Price and Other Consideration. The consideration for the Property shall be the purchase price to be paid by the Village of $10 and other good and valuable consideration of agreement to the conditions on transfer described herein. C. Conditions on Transfer. i. Student Study Space. The Village shall provide space within the building for children in Larsen Bay to engage in schoolwork. ii. Provision of School Site. Should the Borough find it necessary to reestablish a school in Larsen Bay, upon request by the Borough, the Village shall, within 180 days, either make space available in on the Property to provide for a school or shall provide the Borough with an alternate school site parcel for use for school purposes. The alternate school site parcel must be at least one acre in size in a single lot, and must have utility hookups. Should the Village fail to do either, the title to the Property may, at the Borough's option, revert to the Borough. iii. First Right of Refusal. The Borough shall be entitled to exercise a first right of refusal (FRR), substantially in the form attached as Appendix 2, to repurchase the Property for $10 in the event that (1) the Village intends to make, or makes, an offer of sale, and (2) any offer of purchase is received by the Village from a third -party which the Village is willing to accept. In the event the Village intends to offer the Property for sale or entertain a third party offer to purchase, the Village shall first give the Borough written notice of the intent to offer the Property for sale, after which notice the Borough shall have ninety (90) days to provide written AGREEMENT FOR TRANSFER OF REAL PROPERTY WITH RESERVATION OF RIGHTS - Page 2 of 8 s/Kodiak Island Borough (20.236.A) Engineering - Facilities (Public Works) School Closures/Larsen Bay School Sale/Agreement for Transfer of Real Property notice of the Borough's election to exercise the right to repurchase the Property by delivering to the Village within ninety (90) days from the date of the Borough's receipt of said written notice from the Village. If the Borough does not exercise the first right of refusal, the Village shall be entitled to sell the Property to a third -party free and clear of the Borough's first right of refusal. Sale of the Property by the Village will not remove the responsibility to provide an alternate school site under Section 2.c.ii. of this Agreement. 3. Condition of Property. The Village agrees that it has had adequate opportunity to inspect the Property. The Village is accepting the Property "as is" without warranty or representation of the Borough or the City as to the condition of the Property or its suitability for a particular purpose. 4. Possession. The Borough shall deliver possession of the Property to the Village at or before Closing. 5. Notice. Any notice, demand, request, consent, approval, or other communication that either party desires or is required to give to the other party or any other person shall be in writing and either served personally or sent by prepaid, first-class, certified or registered mail at the addresses set forth below. Either party may change its address by notifying the other party of its change of address in writing. Notice shall be deemed to have been duly made and given when delivered if served personally, or upon the expiration of twenty-four (24) hours after the time of mailing if mailed as provided in this Section. Borough: Kodiak Island Borough Attn: Borough Manager 710 Mill Bay Road Kodiak, Alaska 99615 City: City Mayor Post Office Box 8 Larsen Bay, Alaska 99624 Village: Native Village of Larsen Bay Post Office Box 50 Larsen Bay, Alaska 99624 6. Time is of the Essence. Time is of the essence of this Agreement. 7. Miscellaneous Provisions. a. Brokers and Finders. Each party represents to the other that no broker or finder has been involved in this transaction. In the event of a claim for broker's fee, finder's fee, commission or other similar compensation in connection herewith, the party that incurred such a fee or obligation shall be solely responsible for the payment thereof. b. Terminology. Whenever herein the singular number is used, the same shall include the plural, and the masculine gender shall include the feminine and neuter genders. C. Nonwaiver. No delay or omission of the right to exercise any power by either party shall impair any such right or power, or be construed as a waiver of any default or as acquiescent therein. One or more waivers of any covenant, term or condition of this Agreement by either party shall not be construed by the other party as a waiver of subsequent breach of the AGREEMENT FOR TRANSFER OF REAL PROPERTY WITH RESERVATION OF RIGHTS - Page 3 of 8 s/Kodiak Island Borough (20.236.A) Engineering - Facilities (Public Works) School Closures/Larsen Bay School Sale/Agreement for Transfer of Real Property same covenant, term or condition. The consent or approval by either party to any act by the other party of a nature requiring consent or approval shall not be deemed to waive or render unnecessary consent to or approval of any subsequent similar act. d. Survival. All provisions of this Agreement which involve obligations, duties or rights and all representations, warranties and indemnifications made in or to be made pursuant to this Agreement shall survive the closing and/or the recording of the quitclaim deed and separately enforceable as a contract. e. Laws Applicable. The laws of the State of Alaska shall govern the construction, validity, performance, and enforcement of this agreement. Venue as to any action, claim, or proceeding arising out of, or based upon this Agreement, including, but not limited to, any action for declaratory or injunctive relief, shall be the appropriate court sitting in the City of Kodiak, Third Judicial District, Alaska. f. Paragraph Headings. The heading of the several sections and subsections contained herein are for convenience only and do not define, limit, or construe the contents of such sections and subsections. g. Successors and Assigns. Except as otherwise provided herein, the covenants, agreements and obligations herein contained shall extend to bind and inure to the benefit not only of the parties hereto but their respective personal representatives, heirs, successors and assigns. h. Terms Constructed as Covenants and Conditions. Every term and each provision of this Agreement performable by the Borough or Village shall be construed to be both a covenant and a condition. i. Limited Waiver of Sovereign Immunity. The Village waives its sovereign immunity only in the context of and to the extent necessary for the enforcement by the Borough of the conditions on transfer set out in Section 2.c. of this Agreement and in the quitclaim deed and FRR. j. Counterparts. This Agreement may be executed in any number of counterparts, and each such counterpart hereof shall be deemed to be an original instrument, but all such counterparts together shall constitute but one agreement. k. Entire Agreement. This Agreement and any schedules, or exhibits attached hereto, set forth all the covenants, promises, agreements, conditions, or understandings, either oral or written, and there are no other agreements between them other than as set forth. No contemporaneous or subsequent agreement, understanding, alteration, amendment, change or addition to this Agreement, or any schedule, appendix, exhibit or attachment hereto, shall be binding upon the parties hereto unless reduced to writing and signed by both parties. below. WHEREFORE, the parties hereto have executed this Agreement on the dates specified [SIGNATURE PAGES TO FOLLOW] AGREEMENT FOR TRANSFER OF REAL PROPERTY WITH RESERVATION OF RIGHTS - Page 4 of 8 s/Kodiak Island Borough (20.236.A) Engineering - Facilities (Public Works) School Closures/Larsen Bay School Sale/Agreement for Transfer of Real Property DATE: A1%,6 v -(A,% la ) �b2,q APPROVED AS TO FORM: Scott A. Brandt -Erichsen Borough Attorney STATE OF ALASKA THIRD JUDICIAL DISTRICT Borough: Kodiak Island Borough mu- �&�ffl A&U.er By: *Mee kA i l i I aRA S Its: Borough Manager BOROUGH ACKNOWLEDGMENT ss. THIS IS TO CERTIFY that on this day of M R_ , 2024, before me, the undersigned, a Notary Public in and for the State of Alaska, duly commissioned and sworn, personally appeared I(� I0 , 1 ` 1a to me known to be the Borough Manager of the Kodiak Isla*n Borough, a second-class Borough, the entity which executed the above and foregoing instrument; who on oath stated that he was duly authorized to execute said instrument and affix the corporate seal thereto on behalf of said entity; who acknowledged to me that he signed and sealed the same freely and voluntarily on behalf of said entity for the uses and purposes therein mentioned. PAl WITNESS my hand and official seal the day and year in the certificate first above NOTARY PUBLIC FOR ALASKA - AND -��A My Commission Expires: C' 'aa IM F C: 1A / C) 7;T:k ~ l� I Nova Javier Borough Clerk AGREEMENT FOR TRANSFER OP"REAL PROPERTY WITH RESERVATION OF RIGHTS - Page 5 of 8 s/Kodiak Island Borough (20.236.A) Engineering - Facilities (Public Works) School Closures/Larsen Bay School Sale/Agreement for Transfer of Real Property PUBLIC Kodiak Island Borough RME Its: Borough Manager 24t, f 49 7 8cott A. Brandt -Erichsen Borough Attorney STATE OF ALASKA �HIRD JUDICIAL DISTRICT THIS IS TO CERTIFY that on this 19 day of K- , 2024, before the d rsined a Notary Public in andfor the State ofAlaska, duly commissioned and sworn, personally appeared I AmA00-, 1�)jffijjW'� to me known to be the Borough Manager of the Kodiak 11�1`an—drdoroug'fi,"a s'e'-cond-class Borough, the entity which executed the above and foregoing instrument; who on oath stated that he was duly authorized to execute said instrument and affix the corporate meo| thereto On behalf of said entity; who acknowledged 0zrnethat hesigned and sealed the same freely and voluntarily onbehalf ofsaid entity for the uses and purposes therein mentioned. WITNESS my hand and official seal the day and year in the certificate first above writO rMTARY-PuB�ILX FOR ALASKA My Commission Expires: C, ATTEST: DATE: flsy Ndva Javier Borough Clerk AL - PROPERTY WITH RESERVATION OF RIGHTS of s/Kod*mIsland Borough pumnwEngineering Facilities (Public Works) School Closures/Larsen Bay School u"/e/Agreerne",for Transfer wReal Property BOROUGH ACKNOWLEDGMENT STATE OF ALASKA ss. THIRD JUDICIAL DISTRICT THIS IS TO CERTIFY that on this day of M��iA___ , 2024, before me, the undersigned, a Notary Public in and for the State of Alaska, duly commissioned and sworn, personally appeared Nova Javier to me known to be the Borough Clerk of the Kodiak Island Borough, a second-class Borough, the entity which executed the above and foregoing instrument; who on oath stated that she was duly authorized to execute said instrument and affix the corporate seal thereto on behalf of said entity; who acknowledged to me that she signed and sealed the same freely and voluntarily on behalf of said entity for the uses and purposes therein mentioned. WITNESS my hand and official seal the day and year in the certificate first above written. NOTARY PUBLIC FOR ALASKA My Commission Expires: t&j tbn AGREEMENT FOR TRANSFER OF REAL PROPERTY WITH RESERVATION OF RIGHTS - Page 6 of 8 s/Kodiak Island Borough (20.236.A) Engineering - Facilities (Public Works) School Closures/Larsen Bay School Sale/Agreement for Transfer of Real Property Native Village of Larsen Bay: DATE: I AAI� I �� Its: VILLAGE ACKNOWLEDGMENT STATE OF ALASKA VA'WNA��� ss. THIRD JUDICIAL DISTRICT ) `� THIS IS TO CERTIFY that on this day of , 2024, before me, the undersigned, a Notary -Public innAVAA theState of Alaska, duly commissioned and sworn, personally appeared ,((to me known to be the V�101'pS,PF/►1ff til J.Q_ of the Native Village of Larsen Bay, the entity which executed the ae b vo a and foregoing instrument; who on oath stated that he/she was duly authorized to execute said instrument and affix the corporate seal thereto on behalf of said entity; who acknowledged to me that he/she signed and sealed the same freely and voluntarily on behalf of said entity for the uses and purposes therein mentioned. WITNESS my hand and official seal the day and year in the certificate first above NOTARY PUBLIC FOR My Commission Expires: AGREEMENT FOR TRANSFER OF REAL PROPERTY WITH RESERVATION OF RIGHTS - Page 7 of 8 s/Kodiak Island Borough (20.236.A) Engineering - Facilities (Public Works) School Closures/Larsen Bay School Sale/Agreement for Transfer of Real Property 'HKyY PUSLIC OF DATE: 3i 2-11 20 2- City of Larsen Bay: iVL By: LvN'mn, N� , l� n5 -I'1 T Its: MV'q'�4 A'L— CITY OF LARSEN BAY ACKNOWLEDGMENT STATE OF ALASKA ss. THIRD JUDICIAL DISTRICT ) THIS IS TO CERTIFY that on this Zi *_� day of �wnc l _'2024, before me, the undersigned, a Not ry Public in and. for the tate of Alaska, duly commissioned and sworn, personally appeared ����� to me known to be the City Mayor of the City Of Larsen Bay, a second-class City, the entity which executed the above and foregoing instrument; who on oath stated that he/she was duly authorized to execute said instrument and affix the corporate seal thereto on behalf of said entity; who acknowledged to me that he/she signed and sealed the same freely and voluntarily on behalf of said entity for the uses and purposes therein mentioned. WITNESS my hand and official seal the day and year in the certificate first above written. NOTARY PUBLIC FOR ALASKA My Commission Expires: 2 (9 1 AGREEMENT FOR TRANSFER OF REAL PROPERTY WITH RESERVATION OF RIGHTS - Page 8 of 8 s/Kodiak Island Borough (20.236.A) Engineering - Facilities (Public Works) School Closures/Larsen Bay School Sale/Agreement for Transfer of Real Property u AR 2 2024 AFTER RECORDING, MAIL TO: Kodiak Island Borough 710 Mill Bay Road Kodiak, Alaska 99615 Attn: Revenue Accountant FOR RECORDATION IN THE KODIAK RECORDING DISTRICT FIRST RIGHT OF REFUSAL THIS FIRST RIGHT OF REFUSAL (FRR), made and executed this I. day of W hC , 2024, by and between Native Village of Larsen Bay, whose address is PoiOffice Box 50, Larsen Bay, Alaska, 99624, hereinafter called Grantor, and Kodiak Island Borough, a second class borough organized under the laws of the State of Alaska, whose address is 710 Mill Bay Road, Kodiak, Alaska 99615-6398, its heirs, successors and assigns, hereinafter called Grantee, WITNESSETH: Grantor, for valuable consideration, the receipt and sufficiency of which is hereby acknowledged, does by these presents grant and convey unto Grantee a first right of refusal for the purchase of all of the following described real property and improvements situated thereon (herein, FRR Property) located with the City of Larsen Bay, Alaska, to wit: Lot Two (2), Block Eleven (11), Larsen Bay Townsite, U.S. Survey 4872, according to Plat 87-37 filed in the Kodiak Recording District, Third Judicial District, State of Alaska. Grantor covenants and agrees that Grantor shall not offer the FRR Property for sale or solicit or otherwise consider a third -party offer to purchase the FRR Property without Grantee's written consent. In the event Grantor, its successors or assigns, offers the FRR Property for sale or receives a bona fide offer from a third -party to purchase the FRR Property that Grantor is willing to accept, the offer shall be subject to the first refusal rights of Grantee to purchase the FRR Property for $10, set forth herein and as more particularly set forth in Section 2.c.iii. of that Agreement For Transfer of Real Property With Reservation of Rights (Agreement), executed concurrent with this FRR. Grantee shall be entitled to exercise a first right of refusal as to (1) any offer of sale made by Grantor, and (2) any offer of purchase received by Grantor from a third - party which Grantor is willing to accept. In the event Grantor intends to offer the FRR Property for sale, Grantor shall first give Grantee written notice of the intent to offer the FRR Property for sale, after which notice Grantee shall have ninety (90) days to provide written notice of Grantee's election to exercise the right to purchase the FRR Property is delivered to Grantor within ninety (90) days from the date of Grantee's receipt of said written notice from Grantor. FIRST RIGHT OF REFUSAL - Page 1 of 2 S\Kodiak Island Borough (20.236.A) Engineering - Facilities (Public Works)\School Closures\Larsen Bay School Sale\First Right of Refusal If Grantee does not exercise the first right of refusal, Grantor shall be entitled to sell the FRR Property to a third -party free and clear of Grantee's first right of refusal. All notices under this FRR shall be mailed to the parties' addresses set forth above or to such updated addresses as either party may inform the other in writing. IN WITNESS WHEREOF, Grantor has caused these presents to be executed in its name this day of NIGe - 2024. GRANTOR Native Village of Larsen Bay By: l2-tCl�dUl�-V� Its: ACKNOWLEDGMENT STATE OF ALASKA ss. THIRD JUDICIAL DISTRICT ) 744 THIS IS TO CERTIFY that on this — day of Ma,VL., , 2024, before me, the undersigned, a Notary Pl�blic in and for the State of Alaska, duly commissioned and sworn, personalUV��_of ppeared Kyyi ayV oaasp [N to me known to be the the Native Village of Larsen Bay, the entity which executed the above nd foregoing instrument; who on oath stated that he/she was duly authorized to execute said instrument and affix the corporate seal thereto on behalf of said entity; who acknowledged to me that he/she signed and sealed the same freely and voluntarily on behalf of said entity for the uses and purposes therein mentioned. WITNESS my hand and official seal the day and year in the certificate First above written. My Commission Expires: FIRST RIGHT OF REFUSAL - Page 2 of 2 S\Kodiak Island Borough (20.236.A) Engineering - Facilities (Public Works)\School Closures\Larsen Bay School Sale\First Right of Refusal NOTARYPUBLIC AFTER RECORDING, MAIL TO: Kodiak Island Borough 710 Mill Bay Road Kodiak, Alaska 99615 Attn: Revenue Accountant FOR RECORDATION IN THE KODIAK RECORDING DISTRICT QUITCLAIM DEED A.S. 34.15.040 The Grantor, Kodiak Island Borough, a second class borough organized under the laws of the State of Alaska, whose address is 710 Mill Bay Road, Kodiak, Alaska 99615-6398, for and in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, does convey, release and quitclaim to Grantee, Native Village of Larsen Bay, whose address is Post Office Box 50, Larsen Bay, Alaska, 99624, all of Grantor's right, title and interest, if any, without warranty, in and to that certain real property located in the State of Alaska and more particularly described as follows: Lot Two (2), Block Eleven (11), Larsen Bay Townsite, U.S. Survey 4872, according to Plat 87-37 filed in the Kodiak Recording District, Third Judicial District, State of Alaska. Title to the property is subject to any and all covenants, restrictions, easements, reservations of record; all easements and encroachments whether or not of record or assessments; and, all zoning ordinances, plat requirements and covenants. PROVIDED, further, that title is subject to the condition and reserved right of Grantor that should the Grantor notify Grantee that Grantor is required to reestablish a school in Larsen Bay, the Grantee shall, within 180 days, either make sufficient space available on the Property to provide for a school or shall convey to the Grantor with an alternate school site parcel for use for school purposes. The alternate school site parcel must be at least one acre in size in a single lot, and must have utility QUITCLAIM DEED — Page 1 of 3 SAKodiak Island Borough (20.236.A) Engineering -Facilities (Public Works)/School Closures/ Larsen Bay School Sale/Quitclaim Deed hookups. The condition is discharged if Grantor exercises its First Right of Refusal to repurchase the Property as provided for in the separate First Right of Refusal of even date. If Grantee fails to satisfy this condition and the Grantor's First Right of Refusal has not been waived or expired, title shall, at Grantor's option, automatically revert to Grantor. DATED this I I tv, day of C K , 2024. GRANTOR: Kodiak Island Borough 4. Wt. V`(U&"'&- By: 'v✓Lec V INO-WIS Its: Borough Manager BOROUGH ACKNOWLEDGMENTS STATE OF ALASKA ) ) ss. THIRD JUDICIAL DISTRICT 7� THIS IS TO CERTIFY that on this day of _140ck- 2024, before me, the undersigned, a Not Public in and for the State of Alaska, duly commissioned and sworn, personally appeared to me known to be the Borough Manager of the Kodiak Island Boroug , a second-class Borough, the entity which executed the above and foregoing instrument; who on oath stated that he was duly authorized to execute said instrument and affix the corporate seal thereto on behalf of said entity; who acknowledged to me that he signed and sealed the same freely and voluntarily on behalf of said entity for the uses and purposes therein mentioned. WITNESS my hand and official seal the day and year in the certificate first above written. NE AREC p y ,� oF,Njc{,�1'Q AAA n IID I AAA/t\ ATTEST: OF By: U VU v DL V I I Nova Javier, Borough Cler QUITCLAIM DEED — Page 2 of 3 SAKodiak Island Borough (20.236.A) Engineering -Facilities (Public Works)/School Closures/ Larsen Bay School Sale/Quitclaim Deed STATE OF ALASKA ) ) ss. THIRD JUDICIAL DISTRICT ) THIS IS TO CERTIFY that on this J day of�O V%� , 2024, before me, the undersigned, a notary public in and for the State of Alaska, duly commissioned and sworn, personally appeared Nova Javier to me known to be the Borough Clerk of the Kodiak Island Borough, a municipal corporation, the corporation which executed the above and foregoing instrument; who acknowledged to me that she signed the same freely and voluntarily on behalf of said corporation for the uses and purposes therein mentioned. WITNESS my hand and official seal the day and year in the certificate first above written. XE AREC slo N TARY PUBLIC FOR ALASKA N®TARYpUBLIC My Commission Expires: wi% cke_ QUITCLAIM DEED — Page 3 of 3 SAKodiak Island Borough (20.236.A) Engineering -Facilities (Public Works)/School Closures/ Larsen Bay School Sale/Quitclaim Deed