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1971-38 Declaring Certain Real Property Surplus To The Borough's Needs And Authorizing A Fifty-Five Year Lease Of The Same.revenue, and KODIAK ISLAND BOROUGH RESOLUTION NUMBER 71 - - A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY DECLARING CERTAIN REAL PROPERTY SURPLUS TO THE BOROUGH'S NEEDS AND AUTHORIZING A FIFTY -FIVE (55) YEAR LEASE OF THE SAME WHEREAS, the Kodiak Island Borough is the owner of the following described real property: A portion of land in the Kodiak Island Borough, State of Alaska, described as follows: Beginning at a corner common to Tracts "L" and "K" on the Easterly boundary of the Russian Creek, Alaska Subdivision; thence S 67 ° 26'58" E, 700 feet more or less, to a point on the Westerly R.O.W. of Cape Chiniak Road; thence in a Northeasterly direction, 1,350 feet more or less, along said R.O.W. to a point on the Westerly boundary of Tract "H "; thence N 43 ° 16'13" W, 420.93 feet more or less, along said boundary to the Northeast corner of Tract "i "; thence S 22 °33'02" W, 1,500.00 feet along the Easterly boundary of the Russian Creek, Alaska Subdivision to the point of beginning, containing 15 acres, more or less. And from which land it is not now deriving any WHEREAS, the Borough has received a request from EUGENE BRASIE to lease said land for a period of fifty -five (55) years for the purpose of development of a cocktail lounge, steak house, ten -unit motel, and eleven (11) trailer pads, and accordingly has had the same appraised and the same being valued at EIGHT THOUSAND SEVEN HUNDRED SEVENTY -FIVE and No /100ths ($8,775.00) DOLLARS, NOW, THEREFORE, BE IT RESOLVED by the Kodiak Island Borough Assembly that the following described tract of land situated in the Kodiak Recording Precinct, Third Judicial District, State of Alaska, to -wit: A portion of land in the Kodiak Island Borough, State of Alaska, described as follows: Beginning at a corner common to Tracts "L" and "K" on the Easterly boundary of the Russian Page One, RESOLUTION NO. 71- 38 -R AT T: 1 A 7 n Creek, Alaska Subdivision; thence S 67 °26'59" E, 700 feet more or less, to a point on the Westerly R.O.W. of Cape Chiniak Road; thence in a Northeasterly direction, 1,350 feet more or less, along said R.O.W. to a point on the Westerly boundary of Tract "H "; thence N 43 ° 16'13" W, 420.93 feet more or less, along said boundary to the Northeast corner of Tract "I ", thence S 22 ° 33'02" W, 1,500.00 feet along the Easterly boundary of the Russian Creek, Alaska Subdivision to the point of beginning, containing 15 acres, more or less. Which the Borough has acquired through the land selection process from the State of Alaska, be and the same is hereby declared surplus to the Borough's needs, and the Borough Chairman is hereby authorized to offer the same for lease by public auction, in accordance with Ordinance No. 71 -21 -0. PASSED AND APPROVED this 2nd day of December, 1971. KODIAK ISLAND BOROUGH r o Borou C er Page Two, RESOLUTION NO. 71-3 -R BY r BY t i k Borough Chairman