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HomeMy WebLinkAboutRes2000-107 I I I Sponsored by: Janke CITY OF SEWARD, ALASKA RESOLUTION 2000-107 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, AUTHORIZING THE SALE OF LOT 2, BLOCK 3, FOURTH OF JULY CREEK SUBDIVISION, SEWARD MARINE INDUSTRIAL CENTER TO DAN LOWRY OF DALO MARINE FOR $81,664 WHEREAS, Dan Lowry ofDalo Marine has offered to purchase Lot 2, Block 3, Fourth of July Creek Subdivision, Seward Marine Industrial Center from the City of Seward for its appraised value; WHEREAS, the requested 2.5 acre parcel is located east of Nash Road between Jellison Avenue and Mustang Avenue within the Seward Marine Industrial Center, and is zoned Industrial; WHEREAS, Seward City Code ~ 7.05.120, the City Council may dispose of real property by negotiation, public auction or sealed bid; and WHEREAS, on July 24, 2000, the City Council approved Resolution 2000-074 identifying the requested property for disposal by sale through sole source negotiations with Dan Lowry ofDalo Marine, and authoring the City Manager to negotiate a purchase and sale agreement for the requested property subject to further consideration and final approval by the City Council at a later date; and WHEREAS, pursuant to Resolution 2000-074, the City Manager has negotiated the sale of the requested property with Dan Lowry for a sale price of$81,664; and WHEREAS, a public hearing meeting the requirements of Seward City Code ~7.05.125 was held on September 25, 2000: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The Purchase and Sale Agreement, attached and incorporated herein by reference, between the City of Seward and Dan Lowry, is hereby approved in substantial form and the City Manager is authorized to complete and execute all documents as are necessary to complete the sale in substantial form as described in this resolution including, but not limited to, the purchase and sale agreement, easements, subdivision plat, closing instructions, declaration of restrictive covenants, and quitclaim deed. Section 2. In accordance with Seward City Code ~7.05.135, and for the reasons set forth in this resolution and Resolution 2000-074, the City Council finds that the essential terms and conditions of this land disposal, $81,664 cash, and the method of disposition, by negotiation as authorized by Seward City Code ~7.05.120, are in the public interest. CITY OF SEWARD, ALASKA RESOLUTION NO. 2000-107 Section 3. The City recently completed an appraisal ofa 43,605 square foot portion of Lot 2, Block 3, Fourth ofJuly Creek Subdivision, SMIC, for the purpose of determining the fair market rental value of the City's pending lease to Dan Lowry d.b.a. DALCO Corp. The City finds that it is in the public interest to complete the sale described in this resolution without completing another City appraisal of the property. The City hereby accepts the fair market valuation of$.75 per square foot, as determined by MacSwain Associates recent appraisal of a 43,605 square foot portion of Lot 2, Block 3, Fourth of July Creek Subdivision, SMIC, for the purpose of satisfYing the appraisal requirement and to identify the fair market land value of Lot 2, Block 3, Fourth of July Creek Subdivision at $81,664. Section 4. The previously approved lease of a 43,605 square foot portion of Lot 2, Block 3, Fourth of July Creek Subdivision, SMIC, to Dan Lowry d.b.a DALCO Corp., as authorized by Resolution No. 99-135, is hereby annulled. Section 5. Approval of the Purchase and sale agreement by this resolution is subject to Dan Lowry signing the agreement within 30 days of the date herof Section 6. This resolution shall take effect 30 days after passage and posting as required by Seward City Code ~7.05.145. PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this 251h day of September, 2000. THE CITY OF SEWARD, ALASKA CoL I t~ ~'-1 .) Edgar Blatchford, Mayor AYES: NOES: ABSENT: ABSTAIN: Brossow, Calhoon, Clark, King, Orr, Shafer, Blatchford None None None ATTEST: ~U~{1 Patrick Reilly / City Clerk ' (City Seal) ~"'I""',,, ~~.." Or Sl:~"'~ ..~ ~-{ ........ ~...:~~ '0" ,.~ ...~?-POR~.......,...... ~ .". '-1 .,.,., .~. v fit: c~ .- ~~ ~:.... ~ :~ -.- ~\ ~ "1 : " _ - . SEAL . · :8! !_: ~., . . . .~ . . - . " . ........ I .. "~\~ ~.. ~ ':', (.P"'...OA... 1 '\~.......l!r ~ , '. ...."" .' ~-A; "'~~ ~"'\ ......:.........1..: tJ...t:O ~'f;- '<""'^-' 0- "V~ r:> .' tit. r '" ",. .,1'...."",