1995-46 Authorizing Sale of Shuyak Island to Exxon Valdez Trustee Council By Contract.KODIAK ISLAND BOROUGH
RESOLUTION NO. 95 -46
Introduced by: Mayor Selby
Requested by: Mayor Selby
Drafted: Borough Attorney
Introduced: 12/21/95
Adopted: 12/21/95
A RESOLUTION APPROVING A PURCHASE AGREEMENT FOR DISPOSAL
OF ALL BOROUGH LAND ON SHUYAK ISLAND TO THE STATE OF ALASKA
WHEREAS, the Assembly previously adopted Resolution No. 94 -41 approving
disposal of all Kodiak Island Borough lands on Shuyak Island (hereinafter "Land ") to
the State of Alaska for the purchase price of $42 million; and
WHEREAS, the Fxxnn VaIde7 011 Spill Trustee Council adopted a resolution on
December 5, 1995 to provide the funds for the State of Alaska to offer to purchase
the Land in accordance with the Agreement fnr Sale and Purchase of Interests in
1 ands nn Shiryak Island (hereinafter "Purchase Agreement ") for a price of $42 million
payable in installments over a period of seven years; and
WHEREAS, the Kodiak Island Borough Assembly, having reviewed the pertinent facts
relating to this land disposal, approves the disposal of the Land for the price of $42
million in accordance with the Purchase Agreement;
NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH that the disposal of all Kodiak Island Borough lands on Shuyak Island to
the State of Alaska for the purchase price of $42 million is hereby approved on the
terms and conditions for the Purchase Agreement.
NOW, THEREFORE, BE IT FURTHER RESOLVED BY THE ASSEMBLY OF THE KODIAK
ISLAND BOROUGH that the mayor, or his designee, is authorized to execute the
Purchase Agreement and all other documents required for the completion of this
transfer.
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS TWENTY -FIRST DAY OF DECEMBER, 1995.
ATTEST:
C (,✓c fl vtc f yk Lc� . Ctnc
'D onna F. Smith, CMC, Borough Clerk
Kodiak Island Borough, Alaska
KODIAK ISLAND BOROUG
Je me M. Selby =• oughr
L. St-ve , residing Officer
Resolution No. 95 -46
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