MEMORANDUM

TO: Pete Sprague, Assembly President

Kenai Peninsula Borough Assembly Members

THRU: Dale Bagley, Mayor

Max Best, Planning Director

Paul C. Ostrander, Land Management Officer

FROM: Marcus A. Mueller, Land Management Agent

DATE: October 2, 2003

SUBJECT: Ordinance 2003-41: Authorizing the Negotiated Sale of 23.3+/- Acres in the Cooper Landing Area at Less Than Fair Market Value to the Cooper Landing Senior Citizen Corporation, Inc.

The Cooper Landing Senior Citizen Corporation, Inc. has submitted an application for the negotiated purchase of 23.3 +/- acres of land that is classified as Institutional for the purpose of developing a senior campus. Senior housing is an identified need in the Cooper Landing Land Use Plan. Senior citizens make up a significant portion of the Cooper Landing area populace, and no senior facilities are locally available.

The Cooper Landing community has come together to support the development of a senior campus on the subject property. More specifically, the community has rallied behind Cooper Landing Senior Citizen Corporation, Inc. to carry out development of the needed facilities.

The attached ordinance would, if approved, authorize the sale of 23.3 acres +/- for $1.00 (One Dollar) solely to the Cooper Landing Senior Citizen Corporation, Inc. Resolution 2003-93, which classified the subject land, expressed intent for the subsequent ordinance to include a reversionary clause for the title of the land based on the ability of the land to support the proposed facilities. This draft ordinance imposes such a condition and remedy. The borough is in the process of platting the parcel, and the conveyance may proceed if the assembly approves the conveyance ordinance after the plat is recorded.