1990-05 Authorizing the Disposal of Borough Property for Less Than Fair Market Value by Lease and by Easement.By: Mayor Selby
Introduced: 01/04/90
Adopted: 01/04/90
KODIAK ISLAND BOROUGH
RESOLUTION NO. 90-05
A RESOLUTION AUTHORIZING THE DISPOSAL OF BOROUGH PROPERTY
FOR LESS THAN FAIR MARKET VALUE BY LEASE AND BY EASEMENT
WHEREAS, Section 18.2O.O3OA of the Borough Code requires
the review of each disposal of Borough real property by the
Planning and Zoning Commission; and
WHEREAS, Section 18.20.170 of the Borough Code defines
"disposal" as any disposal of real property including leases; and
WHEREAS, the Planning and Zoning Commission has held an
advertised and noticed public hearing on this disposal by lease;
and
WHEREAS, the Planning and Zoning Commission has
determined that this proposal is consistent with the Borough Code,
specifically Titles 17 and 18, and the Kodiak Island Borough
Coastal Management Program;
NOW, THEREFORE, BE IT RESOLVED by the Kodiak Island
Borough Assembly that a six hundred twenty-five (625) square foot
Portion of Lot 5A, U.S. Survey 2538 is presently surplus to the
Borough's needs and authorizes that it be made available for
disposal by lease for less than fair market value to the Kodiak
Public Broadcasting Corporation, a nonprofit organization.
BE IT FURTHER RESOLVED by the Kodiak Island Borough
Assembly that a two thousand five hundred fifty (2,550) square
foot Portion of Lots 5A and 7A, U.S. Survey 2538 is presently
surplus to the Borough's needs and authorizes that it be made
available for disposal by easement for less than fair market value
Resolution No. 90-05
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to the Kodiak Public Broadcasting Corporation, a nonprofit
organization.
BE IT FURTHER RESOLVED by the Kodiak Island Borough Assembly
that the term of the lease shall be ten (10) years, and the rental
rate one dollar ($1.00) per year.
PASSED AND APPROVED THIS 4th DAY OF JANUARY, 1990.
ATTEST:
Box h Cle
KODIAK ISLAND BOROUGH
Borough Mayor
P esiding Officer
Resolution No. 90-05
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