Chapter 4.12
CITY-OWNED SUBDIVISION LOTS

Sections:

4.12.010 Agreement on selection and sale.

4.12.020 Use restrictions.

4.12.030 Selection of families.

4.12.040 Conformance to Chapter 4.08 BMC.

4.12.010 Agreement on selection and sale.

The selection and sale of all lots in the city shall be done in accordance with the 1970 agreement between the city and the Association of Village Council Presidents, which agreement is ratified in its entirety. [Prior code § 16.04.010.]

4.12.020 Use restrictions.

The general requirements for such land disposal shall be:

A. That buildings on each lot be limited to residential use; and

B. That each lot contain not more than one (1) residential building with up to two (2) single-family units in the one (1) building, and that this be written into each individual deed; and

C. That a two- (2-) year building stipulation be written into each deed and that the two- (2-) year building period begin effective October 1, 1973, and for lots dispersed prior to that date; and

D. That if the selected family on each lot has not completed construction and is not living in the unit within the time period specified in subsection C of this section, they may be required, subject to council action, to forfeit the land with their initial investment being returned plus the fair market value of any improvements actually made by the selected family; and

E. That if the city finds it necessary to repossess any of these lots, the land on an individual basis will be put up for disposal under the conditions of the Alaska Statutes Municipal Code then in effect; and

F. That a restriction be written into each deed allowing the city to exercise first (1st) option to buy any lots and improvements should the originally selected family vacate the family unit within five (5) years of the date of title transfer. Should the city exercise this first (1st) option to buy, the city will repurchase the land at the original selling price plus fair market value for any improvements. [Prior code § 16.04.020.]

4.12.030 Selection of families.

The general criteria used for selecting families for purchasing lots shall be as follows:

A. Those families that presently own property in or live in the floodplain;

B. Length of residency in the Association of Village Council Presidents region;

C. Tenure; i.e., anticipated length of stay in the Association of Village Council Presidents region; and

D. Those families that cannot afford the prevailing market rate for land and seriously need permanent housing. [Prior code § 16.04.030.]

4.12.040 Conformance to Chapter 4.08 BMC.

The procedure for disposition of land under this chapter shall be in accordance with Chapter 4.08 BMC. [Prior code § 16.04.040.]