CITY OF HOMER

                                                  HOMER, ALASKA

RESOLUTION 04-111                            STARK

                    RESOLUTION OF THE HOMER CITY COUNCIL TENTATIVELY

                    APPROVING THE SALE OF FOUR CITY-OWNED LOTS ON

                   NORTH SIDE OF HAZEL AVENUE WEST OF LUCKY SHOT

                    STREET  WITH $340,000 OF PROCEEDS GOING TO LIBRARY

                    BUILDING FUND AND DIRECTING CITY MANAGER TO

                    SECURE AN APPRAISAL OF SAID LOTS FORTHWITH

     WHEREAS four city-owned lots on the north side of Hazel Avenue west of Lucky Shot Street, legally described as Lots 8, 9, 10, and 11, Glacier View Subdivision No. 17, were allocated for library and trail purposes by Resolution 03-72 on 27 May 2003, and

    WHEREAS said lots are not necessary for library purposes, but are prime commercial lots zoned CBD with a paved road abutting them and curb and gutter and sewer and water stub-outs, and

    WHEREAS the library fund-raising efforts included the value of said lots in an approximate amount of $85,000 apiece, or an aggregate amount of $340,000, in funding proposals as a City contribution (the lots to the east where the library will be built have an approximate aggregate value of $510,000), and

    WHEREAS the cash value of $85,000 per lot is needed for library construction and any excess beyond $85,000 per lot is needed for the General Fund, and   

    WHEREAS, whether the $340,000 will be needed for library construction will not be known until bids are received, but in any event the $340,000 can at the least reduce the amount of the $2,100,000 of borrowing approved by the voters, and

    WHEREAS sale of the lots will result in increased business activity including increased sales tax, property tax, and sewer and water fund receipts, and

    WHEREAS reservation of a trail easement along the north 20 feet of said lots will allow a satisfactory trail connection between Poopdeck Street and the library, and

    WHEREAS HCC 18.12.020 requires an appraisal prior to authorization for sale, and

    WHEREAS because of the time it takes to get an appraisal in relation to the date of bid award for construction, time is  of the essence in authorizing acquiring an appraisal.

    NOW THEREFORE BE IT RESOLVED by the City Council of Homer Alaska that

the Council hereby tentatively approves the sale of Lots 8, 9, 10, and 11 Glacier View

Subdivision No. 17 with a 20' trail easement on their north side and directs the City

Manager to forthwith secure an appraisal and submit to this Council an appropriate

ordinance authorizing said sale by public outcry auction.

    PASSED AND ADOPTED by the Homer City Council this 13th day of December 2004.

                                                                       CITY OF HOMER

ATTEST;                                                          JAMES C. HORNADAY, MAYOR

MARY L. CALHOUN, CMC, CITY CLERK

Fiscal Note: Cost of appraisal.