ITEM TITLE:
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Approval to Purchase Lots 10 & 11, Block 2, Alpine Woods Subdivision from Rosalee Bekins in the amount of $90,000 (Postponed from September 6, 2016 Regular Meeting)
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SUBMITTED BY: Lisa Von Bargen, CED Director
FISCAL NOTES:
Expenditure Required: $90,000-$250,000
Unencumbered Balance: $586,803
Funding Source: 350-8000-55000.582 (Miscellaneous Lands)
RECOMMENDATION:
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Approve purchase of Lots 10 & 11, Block 2, Alpine Woods Subdivision from Rosalee Bekins in the amount of $90,000. (Postponed from September 6, 2016 Regular Meeting)
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SUMMARY STATEMENT:
This agenda item was postponed pending staff providing answers to four areas of concern by the Council. New attachments address the following subject areas:
1) Confirmation of the location of septic system installations adjacent to Lot 11 in relation to the well on that property;
2) A list of properties purchased by the City of Valdez in the past 10 years, and the cost per acre paid by the City in each of those transactions;
3) Official opinions by the Public Works and Capital Facilities Directors regarding operation value of the land being acquired by the City; and
4) A legal opinion from the City Attorney regarding any responsibility the City may have in acquiring this land.
This agenda statement has been amended to reflect a change to the recommendation. In accordance with Robert's Rules of Order, a motion for expenditure of funds requires a specific amount. As the appraised value of this property is $90,000, the determination was made to begin the discussion on this item at that value. Additionally, Council Member Fleming requested more detailed information. That data has been provided in the appropriate location in this agenda statement and in the attachments (map).
In May, on behalf of Rosalee Bekins, Allen Crume submitted a proposal to the City to purchase Ms. Bekins property (Lots 10 & 11, Block 2, Alpine Woods Subdivision) for $250,000. Ms. Bekins has approximately 5 acre...
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