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Approval of Recommendation to Council to Sell by Negotiation a 100 Acre Parcel of City Owned Land Within ASLS 79-116 to Rydor Enterprises
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SUBMITTED BY: Paul Nylund - Senior Planner / GIS Technician
FISCAL NOTES:
Expenditure Required: N/A
Unencumbered Balance: N/A
Funding Source: N/A
RECOMMENDATION:
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In order to approve this recommendation to City Council, the Planning & Zoning Commission should determine whether or not a sale by auction or bid for this parcel is in the public's best interest. If the Commission decides that a public sale is not in the public interest, they should approve a recommendation to Council to approve this negotiated sale request. Otherwise, no such approval is advised.
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SUMMARY STATEMENT:
Rydor Enterprises LLC has submitted an application for Purchase of city owned land (sale by negotiation) for 100 acres of City of Valdez owned land located in Township 8S, Range 5W, Copper Rived Meridian. Also described as ASLS 79-116.
The reason for this purchase that was given in their application was that "this 100 acres would expand both the residential and commercial possibilities of the mountain recreation facility".
The applicant intends to pay the appraised fair market value for the property, and they state that it would be in the best interest of the city to approve their proposal because they "currently own 100 acre parcel and this would ensure that along with COV input and involvement the vision would remain. Along with access to the current land."
REQUIREMENTS FOR NEGOTIATED SALE
VMC 4.04.070 (attached) states that "should the city council decide that the disposal of real property or any interest therein at public sale is not in the public interest, the city council may authorize the city manager to negotiate a sale of such real property or interest therein and shall prescribe the terms therefor. Such authority shall be provided by resolution, passed by not less than six affirmative votes of the cit...
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