1992-33 Authorizing the Disposal by Sale of Borough Property, a Portion of Lot 5A-1, U.S. Survey 2538, for Less than Full Market Value to the Kodiak Public Broadcasting CorporationIntroduced by:
Requested by:
Drafted byCommunity
Introduced:
Amended:
Adopted:
KODIAK ISLAND BOROUGH
RESOLUTION NO. 92 -33
Mayor Selby
Assembly
Development Department
08/06/92
08/06/92
08/06/92
A RESOLUTION AUTHORIZING THE DISPOSAL BY SALE OF
BOROUGH PROPERTY, A PORTION OF LOT 5A -1, U.S. SURVEY 2538,
FOR LESS THAN FULL MARKET VALUE TO THE
KODIAK PUBLIC BROADCASTING CORPORATION
(GENERALLY LOCATED OFF EGAN WAY)
WHEREAS, Kodiak Island Borough Code 18.20.030 requires the review of each
disposal of borough real property by the Planning and Zoning
Commission; and
WHEREAS, the Planning and Zoning Commission, with the adoption of Resolution
No. 90 -02, recommended that the assembly dispose of the subject
property to the Kodiak Public Broadcasting Corporation for less than fair
market value, having determined that the disposal was consistent with
KIBC 17 and KIBC 18; and
WHEREAS, the Kodiak Island Borough Assembly has already authorized, with the
adoption of Resolution No. 90 -61, the disposal of Lot 5A -1, for less than
fair market value to the Kodiak Public Broadcasting Corporation;
NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH THAT:
Section 1: Lot 5A -1 shall be disposed of in fee simple to the Kodiak Public
Broadcasting Corporation for a price of $5,000. The deed shall contain
the following clause: "Should the property cease to be used for the
p of providing p, ubI c radio cervices, the parcel will revert back to
the Kodiak Island Borough" or a clause to this effect.
Kodiak Island Borough, Alaska Resolution No. 92-33
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Section 2: If building construction is not started within five years, the property
reverts to the Kodiak Island Borough.
ATTEST:
ADOPTED BY THE KODIAK ISLAND BOROUGH ASSEMBLY
THIS 6th DAY OF AUGUST, 1992
Donna F. Smith, Borough Clerk
KODIAK ISLAND BOROUGH
Jeron4 M. Selby, Borou
C Jack . M. arland, Pr= iding Officer
Kodiak Island Borough, Alaska Resolution No. 92 -33
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