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<br />I <br /> <br />I <br /> <br />I <br /> <br />Sponsored by: Janke <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2000-074 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, AUTHORIZING FOR DISPOSAL BY SALE, LOT 2, BLOCK 3, <br />FOURTH OF JULY CREEK SUBDMSION, SEWARD MARINE INDUS- <br />TRIAL CENTER FOR NO LESS THAN mE APPRAISED FAIR MARKET <br />VALUE OF $81,664 <br /> <br />WHEREAS, Dan Lowry ofDalo Marine has offered to purchase Lot 2, Block 3, Fourth of <br />July Creek Subdivision, Seward Marine Industrial Center from the City of Seward for its appraised <br />value; and <br /> <br />WHEREAS, the requested parcel is located east of Nash Road between Jellison Avenue and <br />Mustang. Avenue within the Seward Marine Industrial Center, and is zoned Industrial; and <br /> <br />WHEREAS, pursuant to Seward City Code ~ 7.05.120, the City Council may dispose of real <br />property by negotiation, public auction or sealed bid. <br /> <br />NOW, mEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF SEWARD, ALASKA, that: <br /> <br />Section 1. The Seward Marine Industrial Center (SMIC) has been identified and marketed <br />as available for disposal by long term lease. The City has long sought business development in SMIC <br />and finds it in the public's interest make this particular parcel available for purchase to further such <br />development. The City Council finds it in the public interest to dispose of Lot 2, Block 3, Fourth of <br />July Creek Subdivision, SMIC, through sole source negotiations with Dan Lowry and/or Dalo Marine <br />or a related entity, for industrial/business development purposes. The sale shall be for no less than <br />the fair market value of $81,664, subject to terms and conditions to be negotiated and brought before <br />the City Council for final consideration and approval. <br /> <br />Section 2. The City recently completed an appraisal ofa 43,605 square foot portion of Lot <br />2, Block 3, Fourth ofJuly Creek Subdivision, SMIC, for the purpose of determining the fair market <br />rental value of the City's pending Lease No. 99-116 to Dan Lowry d.b.a. DALCO Corp. The City <br />finds that it is in the public interest to conduct the negotiations described in this resolution without <br />completing another City appraisal of the property. The City hereby accepts the fair market valuation <br />of$.75 per square foot, as determined by MacSwain Associates recent appraisal ofa 43,605 square <br />foot portion of Lot 2, Block 3, Fourth ofJuly Creek Subdivision, SMIC, for the purpose of sat is tying <br />the appraisal requirement and to identity the fair market land value of Lot 2, Block 3, Fourth ofJuly <br />Creek Subdivision at $81,664. <br />