HomeMy WebLinkAboutRes1970-803
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, 8..1. BUCKALEW. .I...
ATTORNEV AT LAW
18T' "'oJ "'IONAL BANK
IILDING
ITE 140
G STREET
ANC 'GE. ALASKA
99501
TEL. 272.2498
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CITY OF SEWARD
RESOLUTIO~,'o(O. "'f'f!rT'" ,oa
A RESOLUTION PROVIDING FOR THE SALE
OF THE JESSE LEE HOME PROPERTY
WHEREAS, the City of Seward is the owner of the followi
described property:
The Jesse Lee Home, and the land upon which
it sits, namely, Parcel A, JESSE LEE HEIGHTS
SUBDIVISION; Block One (1), Lots One (1), Two
(2) and Three (3), TERMINAL ADDITION: and
Block Four (4), Lots One (1) through Twenty-
Four (24), excluding Lot Three (3), BAY VIEW
ADDITION, City of Seward, Seward Recording
District, Third Judicial District, State of
Alaska,
and
WHEREAS, the ordinances of the City of Seward provide
for the sale or other disposition of real property owned by
the City of Seward, which is not dedicated to any public use,
and the subject property is not dedicated to any public use,
and
WHEREAS, the City of Seward has advertised for bids on
subject property, and has received a bid and development plan
from the Development Corporation of North America.
NOW, THEllEFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF SEWARD, ALASKA:
Section 1. That it is in the public interest to accept
the bid and development plans of the Development Corporation of
North America, and said bid hereby accepted.
Section 2. That the City Manager is authorized and
directed to negotiate the sale of said property in accordance
with the ordinances of the City of Seward, and the bid and
development plans previously submitted from time to time by the
Development Corporation of North America, and substantially in
accordance with the agreement and warranty deed attached hereto
and to do all things necessary to consummate said sale and
sales agreement; and the proper city officials are authorized
and directed to execute the same.
Section 3. That this resolution shall be filed and
published as in the case of resolutions for public sale of
property, and the sales documents shall not be executed until
said resolution has been on file in the office of the Clerk for
thirty (30) days.
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S. J. BUCKALEW. JR.
ATTORNEY AT LAW
1ST NATIONAL BANK
LOINo.
TE 540
I( i STREET
ANQ. . l:lJ:S~' ALASKA
TEL. 272.2496
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Section 4. That it is the sense of the City Council
that development of a condominium type complex as intended by
the Developer is in the interest of the economic development
of the City of Seward and that all details regarding the con-
tract of sale and ded should be worked out between the City
and the said Development Corporation in a manner most conducive
to early commencement of construction and to efficient operatio
of the proj ec t .
PASSED AND APPROVED by the City councr
of Seward, Alaska, this 28'!!.. day of ~(..
the City
, 1970.
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ATTEST:
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HORAG.. ALADA
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Do, 271.14..
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',;ITY OF SEWARD
R!.fov,:nOi 'la. -f"8T' ,oa
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A RESOLurIO:~ PIt 'WI!)I:iG Fat THE SALE
OF Till; JEf~-l, H.E IIOME PllOPERTY
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WHERLAS, the City of Seward is the owner of the followi
describf:d property:
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'rhe Jesse Lee H.....me, and the land upon which
it sits, namely, Parcel A, JES~ LEE BlIGHTS
SUBDIVISION; Block One, (1), Lot. One (1), Two
(2) and Three (3), TERMI~L ADDITION: and
Block Four (4), Lots One (1) throueb Twenty-
Four (24), excluding Lot Tbr.. (3), BAY VD.
ADDITION, City of Seward, Sewar4 "CGI'dlOC
District, Third Judicial Dl.~r1ct, State of
Alaska,
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and
WHEREAS, the ordinances of the City of aeward provide
for the sale or other disposition of real property owned by
the City of Seward, Which is not dedicated to any publio 0",
and the subject property is not dedicated to any public use,
and
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WHEREAS, the City of Seward has advertised for bids on
subject property, a'ld ha~ received a bid and development plan
from the Development Corpora tion of North America.
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~O'ti, rHEIlEFORE. BE IT RES<l.VED BY mE CITY COU'lCIL OF
THE CITY OF SEWARD, ALASKA:
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Sect ion 1. Tha tit is in the public interest to accept
the bid and developnlt:nt plans of the Development Corporation of
North America, and said bid hereby accepted.
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Section 2, 'fila t the City Manager is authorized and
directed to negotiate th~ sale of said property in accordance
with the ordinances of the City of Seward, and the bid and
development plans previously su'bmitted from time to time by the
Development Corporation of 'lorth A_rica, and substalltially in
accordance with the agre"'ment aDd warranty deed attached hereto
and to do all things necessary to consummate .aid sale and
sa les agrcenlent; a nd the proper city officials are authorized
and directed to execute the same.
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Section 3. That this resolution shall be filed and
pub} ished as in the case of resolu tions for public sale of
property, and the sales documents shall not be executed until
'said resolution has bee.. on file 1n the, office of the Clerk for
thirty (30) days.
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.I. .UCKALKW. ./II. !i
ATTO"NI:V AT LAW I
'n NATIONAL .ANIt d
.UILDIN4I
.UITI '''0
... a nRI:'K'I'
AMCHOR.OI:. ALAaKA
..so.
TEL. 272.2".0
Section 4. fha1 it i:s the sense of the City C01H1Cil
that development of a ..:';ndOll'iniurr, type complex as intended by
the Developer is in tlw j'lterest of the economic develo,~:~t I
of the City of Seward :1Prt that all details regarding thl! con-
tract of sa Ie a od ded shOll Id be worked ,.u t be tween the Ci t Y ~
and the said Development Corporation i'1 B manner I~ost conduc1.ve
to early COlllrlencement of construction and to efficient operatio
of the project. .
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'!'I.'lt:" ~ ,'" W'*' ...
PASSED AND APPROVED by the City COUQC~f
of Seward, Alaska, this .1L!!L day of ~h .
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Mayor
the GHy
, 1970.
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. WUCKALIIEW. JR. i I
TTOItNIY AT LAW:;
NATIONAL .ANI( !
."'LDING
ITE 540
iJ 8TREET
'en:. AL".t(A
'A!lOI
ItL. 272.241ltl
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CO'{TRAC r FOR SALE A iID D"EVELOP'~.L \( r OF JESSE LEE HOME PROPERTV
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rHIS COc'HRACr is lj,ade by alld between theCITY OF SEWARD,
a municipal corporatio:,. orga')i:t.:ed a'ld existi'.1g u'lder the laws
of the Sta te of Alaska, herei lafter ca lIed the "City", a od
THE DhnLOP\lli;~r CORPORArIO-; <)[0' \lORTH M/ERICA, a corporation,
organized and existi!]g u'lder the laws of the State of Colorado,
herei1lafter called "Developer". fhe parties hereto hereby
contract as follows: i
1. PURPOSE: The purpose of this contract and of the ,I
conveya nce oT'Property pursua nt thereto is to e~courage the I
developme ,1 t of the JESSE LEE HOME PROPERTIES in the City of I
Seward, the Vendor herein and to enable Developer, the Purchase~
herein, to achieve such development by means of forma tion of a -I
horizo'ltal property regime ("Condominium") and by other approp-l
riate land use, for the benefit of the City and the Developer.
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il 2. PROPERTY DESCRIPfION: As part of this transaction,
i: the City agreesto-sen.-,--and---the Developer agrees to purchase
i! the following described properties and building thereon:
Lots One (1), T "0 (2) and Three (3), Block
One (1), TERMI'lAL \DDIrIO~, city of Seward,
acc()rdillg to the map aad plat 0:1 file in the
Seward Recording District, rbird Judicial
District, S9te of Alaska.
Lots One (1), Two (2) a nd Four (4) through
Twenty-Four (24) inclusive, Block Four (4),
BAYVIEW ADDITION, City of Seward, according
to the map ana plat on file in the Seward
Recording District, Thi.rd Judicial District,
State of Alaska.
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fract A, JhSS.E LEE HEIGHTS SUBDIVISION,
City of SewaJ'd, according to the map and plat
on file iel the Seward Recordil'1g District,
Third Judicial District, State of Alaska.
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3. PURCHASE PRICE: The Developer will pay the awount I
of THIRTY-O~ THOUSMID SEVE~ HU'IDRED SIXTY-FIVE DOLLARS and ~
'H'ffiTY-EIGHr CLNTS ($31,765.98) for the above described propert .
Of this amount, rHIU.E mou&\. 'ID o~m HUNDRED ~EVE:ifY-SIX DCLLARS
aad SJXry CBvTS ('1>:3,176.60), receipt of which is hereby acknow-;
ledged, has already been paid. The balance of the purchase i
price is due i:l fiVE:' (5) i:lstallments, the first four each I
being FIVE THOUSAND SEVE~ HU''lDRED SEVE'HTEEN DOLLARS and EIGHrY-1
E,IGHT CE'HS ($5,716,88) and the last being FIVE rHOUSA'ID SEVEN "
HTJ'IDRED SEVEirEE.~ DOLLARS 31ld EIGHTY-SIX CENrS ($':{,717.86),
plus sirnple interest at thE> rate {)f five per cent (5%) per I
antlUIH. rhe installrne,lt::, shall be due annually, On or before
the 5th day of Marc'l of each year, commencing the 5th day of
March, 1971. Developer may prepay in part or in full without
penalty.
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