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1989-40 Authorizing the Disposal of Borough Land for Less than Fair Market Value to the Kodiak Electric Association for Public Purpose.By: Resource Manager Introduced: June 1, 1989 Adapted: June 1, 1989 KODIAK ISLAND BOROUGH RESOLUTION NO. 89 -e0 -R A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY AUTHORIZING TEE DISPOSAL OF BOROUGH LAND IN WORMS BAY TO THE KODIAK ELECTRIC ASSOCIATION FCR PUBLIC PURPOSES. WHEREAS, Section 18.20.010 of the Borough Code requires the review and recommendation by resolution of each disposal of Borough real property by the Planning and Zoning Commission; and WHEREAS, Section 18.20.170 defines "disposal" as any transfer of real property; and WHEREAS, Section 18.20.100 allows for property disposal at less than fair market value to a non-profit association upon a finding by the Assembly that the disposal will allow the use of the land for a public purpose beneficial to the Borough, and WHEREAS, the Planning and Zoning Commission has held an advertised and noticed public meeting on the disposal and recommends that the property be declared surplus to Borough needs, and WHEREAS, the Planning and Zoning Commission determines that it is in appropriate to dispose of a partial Borough interest in this property in order to economically provide improved electrical service for the Russian Creek Alaska Subdivision area. NOW, THEREFORE, BE IT RESOLVED, that the Kodiak Island Borough Assembly finds that it is in the public interest to dispose of a partial interest in Borough real property for an electrical easement to the Kodiak Electric Association on a portion of Lot 1, U.S. Survey 2519, and Tract B-1, Bells Flats Alaska Subdivision as depicted in the preferred alternative and authorizes the Mayor to negotiate a leu than fair market value disposal. Sublets to the following condition.: Condition 1: If it is determined by the Borough that the easement described herein is not used for electrical power purposes, said easement shall be revoked by the Borough. Condition 2: Overhead electrical lines will be permitted on borough land only for the purpose of crossing the stream bed of Russian Creek. Electrical lines located on other borough lands will remain underground. PASSED AND APPROVED THIS Ist DAY OF JUNE, 1989. KODIAK ISLAND BOROUGH By eo 4h Nalror Prba�dinq Officer ATTEST By ByrougB etk Resolution No. 89-40-R Page 1 of 1