M E M O R A N D U M

TO: Ronald Wm. Drathman, Assembly President

Kenai Peninsula Borough Assembly Members

THRU: Mike Navarre, Borough Mayor

FROM: Lisa M. Parker, Planning Director

DATE: August 25, 1999

SUBJECT: Ordinance 99-55 ; Authorizing a Competitive Market Value Sale of Twelve (12) Parcels of Borough Land by Sealed Bid

KPB 17.10.070(A) directs that two land sales be conducted each year. One disposal is the tax foreclosure sale. The other sale is a competitive market value sale. Twelve parcels are recommended for sale. Attached are vicinity maps for the subject parcels, as well as "Attachment A" depicting the assessed/market value, minimum bids, etc.

Disposal will be by sealed bid with an opening date of October 14, 1999. Brochures will be distributed delineating the parcels and explaining the sealed bid process and procedures. All parcels will have the front property corners marked and sale signs posted.

The Planning Commission conducted a public hearing for the subject ordinance during their regularly scheduled August 23, 1999 meeting and recommended enactment of the ordinance by unanimous consent.

Attachment