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<br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2001-039 <br /> <br />Place Subdivision located immediately adjacent to Lot lA, Block 7, Snowden Subdivision, for a <br />dedication to the Hulm Lane right-of-way appears a reasonable and fair exchange for both the City <br />and Brad Snowden. <br /> <br />Section 2. The City Council finds that it is in the public interest to complete the <br />transaction described in this resolution without completing an appraisal of the fair market value of <br />either property to be exchanged. The area of city-owned Tract B, Park Place Subdivision to be <br />disposed of to Brad Snowden is comparable in size to the area of Lot lA, Block 7, Snowden <br />Subdivision to be dedicated to Hulm Lane and neither of the parcels to be exchanged are large <br />enough to meet the minimum developable lot size requirements. For the preceding reasons, the City <br />Council also finds that the parcels to be exchanged are likely comparable in value. <br /> <br />Section 3. The City Manager is authorized and directed to negotiate a land trade <br />agreement with Brad Snowden in order to resolve the Hulm Lane right-of-way encroachment on <br />private property, with such agreement to be brought back to the City Council for the City Council's <br />further consideration and final approval. <br /> <br />Section 4. It is not intended that this resolution approve the proposed described real <br />estate transaction but is to authorize the negotiation of such a land trade agreement. Any subsequent <br />resolution actually approving the real estate transaction shall not take effect until 30 days after <br />passage and posting as required by Seward City Code ~ 7.05.140. <br /> <br />Section 5. <br /> <br />This resolution shall take effect immediately. <br /> <br />PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this 27th <br />day of March, 2001. <br /> <br />THE CITY OF SEWARD, ALASKA <br /> <br />ZL, tJR.-t4/ <br /> <br />Edgar Blatchford, Mayor <br />