CITY OF HOMER
HOMER, ALASKA
City Manager
RESOLUTION 07-105
A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA DECLARING THAT THE OLD LIBRARY BUILDING AND PROPERTY IS NO
LONGER NEEDED FOR A PUBLIC PURPOSE, AUTHORIZING ITS SALE BY SEALED BID PURSUANT TO THE
PROVISIONS OF HCC 18.12.010 THROUGH 18.12.050, AND AUTHORIZING THE CITY MANAGER TO EXECUTE
THE APPROPRIATE DOCUMENTS.
WHEREAS,
HCC 18.12.010 provides that real property no
longer required for a public purpose may be sold to the highest responsible
bidder at a public auction sale or by sealed bids;,
and
WHEREAS,
Ordinance 07-17A, adopted on May
14, 2007, amended the budget by approving the sale of the old library
and directing that the proceeds be used to reduce the debt on the new Homer
Public Library; , and
WHEREAS,
An appraisal has been conducted pursuant to HCC
18.12.020;, and
WHEREAS,
The property has been subdivided as directed by
Ordinance 07-17A;, and
WHEREAS, HCC 18.12.030 states that the City Council in the Resolution
authorizing the sale of real property shall set forth the terms and conditions
of the public sale.
NOW,
THEREFORE, BE IT RESOLVED t, That
the City Council hereby finds that the old Homer Public Library and the
property associated with it is no longer needed for a public purpose and that
it is in the public interest to place the property up for sale pursuant to the
provisions of HCC 18.12 and the City Manager
is hereby authorized to execute the appropriate documents necessary to conduct
the sale., and
BE
IT FURTHER RESOLVED t, That the
terms and conditions of the sale shall conform to HCC
18.12.010 through HCC 18.12.050 and shall be
as follows:
- The notice of proposed sale shall be published at
least once in a newspaper of general circulation within the City and
posted in three public places.
- There shall be at least 30 days between the
publication and posting of the public notice and the date fixed for the
public sale.
- An information packet on the property shall be
available to all interested parties in the Office of the City Clerk. The
packet will include information on how to get questions answered and how
to arrange for a tour of the property.
- The property shall be sold by sealed bid and the
procedures for the sale shall follow the provisions contained in HCC
18.12.040.
- The Lots shall be bid upon and sold independently. In
other words, if a perspective buyer is interested in both lots, he/she
must bid on them separately.
- The appraised value for each lot shall be the minimum
bid.
- The property is to be sold “as is” and the City will
make a good faith effort at full disclosure regarding existing conditions.
·
The full purchase price must be paid in full at
closing, which
must occur within 45 days after notification is sent to the successful
bidder(s). The city manager may extend
the date of closing not more than 30 days if the bidder has taken steps to
secure the funds necessary to pay the purchase price and appears reasonably
likely to succeed in doing so within the time allowed. Failure of the successful to close within the time allowed will result in cancellation of the
sale and
forfeiture of all rights.
·
City will provide at its expense standard owner's policy of title insurance, subject
to all matters revealed in a preliminary commitment for title insurance.
·
City and buyer will share equally the costs of
closing.
BE IT FURTHER RESOLVED, That
the property to be sold is described as follows:
Lot
1: Includes a building with a gross
floor area of 3,441 square feet and 0.434 Acres (approximately 17,000 square
feet) of land including both paved and gravel parking lots sufficient for most
uses allowed in the CBD. MINIMUM BID
$462,500
Lot 2:
1.312 Acres (approximately 59,000 square feet) of raw land with 215 feet of
frontage on Main Street. MINIMUM
BID $225,000
PASSED AND
ADOPTED by the Homer City Council this 13th day of November, 2007.
CITY
OF HOMER
_____________________________
JAMES
C. HORNADAY, MAYOR
ATTEST:
______________________________
JO JOHNSON, CMC,
CITY CLERK
Fiscal Note: Projected Revenue
approximately $700,000.