An Ordinance of the City Council of Homer, Alaska, Approving the Purchase Agreement and Appropriating Funds in the Amount of $106,000 for the Acquisition of Lot 75, Bunnells Subdivision. City Manager.
CITY OF HOMER
AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA, APPROVING THE PURCHASE AGREEMENT AND APPROPRIATING FUNDS IN THE AMOUNT OF $106,000 FOR THE ACQUISITION OF LOT 75, BUNNELLS SUBDIVISION.
WHEREAS, The Homer City Council recently adopted Resolution 12-054(A) entitled “A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, AUTHORIZING THE CITY MANAGER TO PREPARE AND SIGN A PURCHASE OFFER FOR LOT 75, BUNNELLS SUBDIVISION”; and
WHEREAS, The acquisition of Lot 75 will help to implement both the City of Homer Transportation Plan and the proposed Cruise Ship Dock Passenger Facilities Improvements development plan; and
WHEREAS, The City Manager and the property owner have negotiated and signed a purchase agreement, a copy of which is attached and incorporated herein; and
WHEREAS, The City Manager has commissioned a commercial property appraisal and ordered a title report pursuant to the requirements of HCC 18.06.020(c); and
WHEREAS, The appraised property value is $106,000.00.
NOW , THEREFORE, BE IT ORDAINED by the City of Homer:
Section 1. The Homer City Council finds that acquiring this parcel is in the overall public interest and adopts the Purchase Agreement, a copy of which is attached and incorporated herein.
Section 2. The FY 2012 Operating Budget is hereby amended by appropriating $106,000 for the acquisition of Lot 75, Bunnells Subdivision as follows:
Account No. Description Amount
415-926 (State Leg. Grant) Property Acquisition $66,414.00
150-392 (Land Reserve Acct.) Property Acquisition $39,586.00
Section 3. This ordinance is a budget amendment only, is not of a permanent nature, and shall not be codified.
ENACTED BY THE HOMER CITY COUNCIL this ___ day of ______________, 2012.
CITY OF HOMER
JAMES C. HORNADAY, MAYOR
JO JOHNSON, CMC, CITY CLERK
Reviewed and approved as to form:
Walt Wrede, City Manager Thomas F. Klinkner, City Attorney