2001-41 Acquisition of PropertyKODIAK ISLAND BOROUGH
RESOLUTION NO. 2001 -41
Introduced by: Manager Carlson
Requested by: Manager Carlson
Drafted by: Manager Carlson
Introduced: 09/20/2001
Adopted: 09/20/2001
A RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
AUTHORIZING THE BOROUGH MANAGER TO COMPLETE THE ACQUISITION
OF PROPERTY ADJACENT TO NORTH STAR ELEMENTARY SCHOOL
AND ESTABLISHING TERMS AND CONDITIONS
WHEREAS, the Kodiak Island Borough Assembly is desirous of obtaining property adjacent to
North Star Elementary School to provide additional parking and adequate vehicle access; and
WHEREAS, the Borough owns property described as Selief Estates, Block 3, Tract A that has
been appraised at $90,000; and
WHEREAS, property adjacent to North Star Elementary School described as Lot 2A Block 9
Miller Point 1st Addition has been appraised at $44,000; and
WHEREAS, property on Lilly Lake described as a Portion of USS 1396 as described in that Deed
of Trust recorded on 2/25/83 at Book 60, Page 284, Kodiak Recording District has been appraised
at $7,000; and
WHEREAS, the owner of the property described as Lot 2A Block 9 Miller Point 1st Addition and
the property described as a Portion of USS1396 as described in that Deed of Trust recorded on
2/25/83 at Book 60, Page 284, Kodiak Recording District has expressed an interest in trading the
two properties for the property described as Selief Estates, Block 3, Tract A;
NOW, THEREFORE, BE IT RESOLVED BY THE KODIAK ISLAND BOROUGH ASSEMBLY that
Section 1:
Section 2:
ATTEST:
The Kodak Island Borough Assembly authorizes the Manager or his designee to
complete the acquisition of the property described as Lot 2A Block 9 Miller Point
1st Addition for the property described as Lot 2A Block 9 Miller Point 1st Addition
and the property described as a Portion of USS1396 as described in that Deed of
Trust recorded on 2/25/83 at Book 60, Page 284, Kodiak Recording District
The Borough Manager shall secure a Deed of Trust with closing costs split equally
and the balance of $39,000 to be amortized over 10 years at 10 percent interest
with even payments and compound interest.
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS TWENTIETH DAY OF SEPTEMBER, 2001.
ith A. Nielsen, Clot Borough Clerk
KO? ISLAND OROUGH
Gabrielle LeDoux, Borough Mayor
Kodiak Island Borough, Alaska Resolution No. 2001 -41
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