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1986-40 Amending Chapter 18.20 Real Property DisposalWHEREAS, scheduled for WHEREAS, a wider range that: KODIAK ISLAND BOROUGH ORDINANCE NO. 86 -40 -0 AN ORDINANCE OF THE KODIAK ISLAND BOROUGH AMENDING CHAPTER 18.20, REAL PROPERTY DISPOSAL by passage of Resolution No. 86 -63 -R, a land sale will be November 20, 1986; and the assembly has indicated a desire to make land available to of residents at affordable rates; NOW, THEREFORE, BE IT ORDAINED by the Kodiak Island Borough Assembly Section 1: This ordinance is of a general and permanent nature and shall become a part of the Code of Ordinances. Section 2: Chapter 18.20 is hereby amended as follows: 18.20.050 Election required. The sale, lease or other permanent disposal of borough land net- aegnired- free! -the- slate -and valued at twenty -five two hundred fifty thousand dollars or more per parcel to any single individual, partnership or corporation by means other than outcry auction, shall, in addition to conforming to this title, be subject to approval by ordinance ratified by a majority of the qualified voters voting at a regular or special election at which the question of the ratification of the ordinance is submitted. Notice of the election shall be given in accordance with AS -29 748 -269 Title 2 of this Code. 18.20.100 Disposal for fair market value. A. Except as otherwise provided by this title or another provision of law, all disposals of borough land shall be for the fair market value of the interest disposed of. The borough may accept in exchange for borough land any consideration of sufficient value not prohibited by law. B. The borough may dispose of borough land to the United States, the state of Alaska, or any political subdivision thereof, or a nonprofit corporation or association, for less than the fair market value of the .interest disposed of, upon a finding by the assembly that the disposal will all the use of the land for a public purpose beneficial to the borough. It may do so by direct negotiation with the organization acquiring the land, and without conforming to Section 18.20.120 through 18.20.155, unless otherwise directed by the assembly. Section 3: Chapters 18.20.110 and 18.20.150 are hereby repealed. Section 4: A new chapter, 18.20.155 is hereby enacted as follows: 18.20.155 Award -- Rejection of bids or proposals. A. Borough land disposals by competitive bidding or proposals shall be awarded to the highest bidder at the time the bids or proposals are opened in accordance with the criteria set forth in the resolution required under Section 18.20.030. B. If the assembly finds it to be in the best interest of the borough to do so, it may reject all bids or proposals up to the time set for the opening of the bids or proposals. Section 5: This ordinance becomes effective upon passage. PASSED AND APPROVED THIS First Reading, Approval Date: September 4, 1986 Second Reading, Public Hearing, Approval Date: October 2, 1986