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CITY OF SEWARD, ALASKA <br /> RESOLUTION 2012 -025 <br /> WHEREAS, Seward City Code Section 7.05.120 permits the disposition of real property by <br /> negotiation; and <br /> WHEREAS, Seward City Code Section 7.05.125 requires notice and a public hearing prior <br /> to the acquisition or disposition of real property; and <br /> WHEREAS, the essential terms and conditions contained in the settlement agreement (the <br /> "Settlement Agreement ") have been available for public inspection for 10 days in the office of the <br /> City Clerk. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> OF SEWARD, ALASKA that: <br /> Section 1. The City Council finds it is in the best interest of the City of Seward to purchase <br /> Property by negotiation for the North Forest Acres Levee /Road Project subject to conditional terms <br /> contained in the agreement presented at this meeting. <br /> Section 2. The City Manager is hereby authorized to enter into the Settlement Agreement in <br /> substantially the form presented at this meeting and to proceed with the platting process with the goal <br /> of satisfying the conditions stated in the Settlement Agreement. The City Manager is authorized take <br /> all such action necessary under the agreement to complete the purchase. <br /> Section 3. The City Council finds that the subdivision requirements of Seward City Code <br /> Title 16 do not apply to the City's acquisition of a portion of Tract B because, among other things, <br /> such real property will be owned by the City, is being acquired for the Project, and subdivision <br /> development requirements are not necessary or desirable for the Project. <br /> Section 4. Funds in the amount of $150,000.00 are hereby appropriated from the North <br /> Forest Acres Levee /Road Fund fund balance to the Land expense account no. 666 - 6664 -5910 to be <br /> paid into escrow in accordance with the Settlement Agreement presented at this meeting. <br /> Section 5. This resolution shall take effect (30) days following passage and posting. <br /> PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 23 day of <br /> April 2012. <br /> THE CITY OF SEWARD, ALASKA <br /> 1 <br /> tori David Seaward, ayor <br />