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Ordinance may put land on auction block

Proposal would make parcels of borough land available for public sale in September

Posted: Monday, August 05, 2002

Seventeen parcels of borough land will go on the block Sept. 28 if an ordinance to be introduced at Tuesday's meeting of the Kenai Peninsula Borough Assembly is eventually adopted.

The outcry auction sale is part of an annual disposal of borough land that puts publicly owned parcels into private hands.

If the acreage doesn't sell at auction, it would become eligible for sale over-the-counter.

The assembly will introduce the ordinance, setting in motion this year's sale.

The ordinance proposes for bidding parcels in or around North Kenai, Salamatof Lake, Kenai, Sterling, Tote Road, Cohoe, Kasilof, Clam Gulch, Kachemak Bay and Three Mile Creek. The parcels range in size from as little as a half acre to one just over 111 acres.

Bidding will begin at a minimum of the fair market value as established by the borough assessing department. Successful bidders must enter an agreement with the borough to acquire the land and pay a down payment of 10 percent of the sale price, or $1,500, whichever is greater.

Any land not sold during the Sept. 28 auction may be made available in an over-the-counter sale to begin the following Monday, according to the borough. If not disposed of in 120 days via that method, the land would revert to the borough land bank.

The land proposed for sale varies in classification. For instance, those at North Kenai, Salamatof Lake, Kenai, Cohoe, Kasilof, Clam Gulch, Three Mile Creek and three of the Tote Road parcels are listed as residential.

A 2.37-acre parcel in Sterling is listed as commercial, while a much larger piece, 37.02 acres, is designated rural.

A 40-acre piece and an 80-acre piece, as well as the 111-acre parcel near Cohoe also are listed as rural.

A complete list is available from the borough.

Assembly President Tim Navarre said the sale is part of an ongoing annual land sale program. He said he might try to add a few parcels to the list at the Tuesday meeting.



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