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1996-35 Authorizing the Exchange of a Portion of Private Land Described as Lot 18, U.S. Survey 3466 for a Portion of Kodiak Island Borough-Owned Land Described as Tract B, U. S. Survey 3465, Being of Equivalent Value. (Generally Located on the Back SideKODIAK ISLAND BOROUGH RESOLUTION NO. 96 -35 Introduced by: Mayor Selby Requested by: Community Development Department Drafted: Community Development Department Introduced: 1 2/Ub/96 Adopted: 12/05/96 A RESOLUTION AUTHORIZING THE EXCHANGE OF A PORTION OF PRIVATE LAND, DESCRIBED AS LOT 18 U.S. SURVEY 3466, FOR A PORTION OF KODIAK ISLAND BOROUGH -OWNED LAND, DESCRIBED AS TRACT B U.S. SURVEY 3465, OF EQUIVALENT VALUE (GENERALLY LOCATED ON THE BACK SIDE OF DARK LAKE) WHEREAS, the Kodiak Island Borough has received a request to exchange a portion of private land for portion of Borough real property; and WHEREAS, Kodiak Island Borough Code 18.80 outlines the procedure used to exchange Borough real property including the need for a best interest finding; and WHEREAS, it is in the Borough's best interest to exchange parcels because the property gained is an alternate route for a future public road that will serve a number of lots that are not presently served by public access; and WHEREAS, the land exchange meets the requirements of Section 18.80.020 Procedure of the Borough Code; and WHEREAS, the Planning and Zoning Commission held a public hearing on this request and recommends that the Assembly approve this request; NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THAT: Section 1: The exchange of a portion of private land, described as Lot 18 U. S. Survey 3466, for a portion of Borough land, described as Tract B U.S. Survey 3465, being of equivalent value is hereby approved. Section 2: Values of the properties to be exchanged shall be determined by the Borough assessor or private appraiser. Section 3: Evidence of marketable title for all properties involved in the transaction shall be substantiated. Kodiak Island Borough, Alaska Resolution No. 96 -35 Page 1 of 2 Section 4: The cost of survey, appraisals (if performed by private appraiser), title search, and agreement preparation shall be borne by the applicant. Section 5: The Kodiak Island Borough mayor, or his designee, is designated to ATTEST: negotiate all terms of the land exchange and — sign all related documents. ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THIS FIFTH DAY OF DECEMBER, 1996 c i- -) /311 7 rict nna F. Smith, CMC /AAE, Borough Clerk KODIAK ISLAND BOROUGH ( Jer M. Selby, Borough Mayor Robin Heinrichs, Presiding Officer Kodiak Island Borough, Alaska Resolution No. 96 -35 Page 2 of 2