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Staff recommends direct sale of 5.8 acres in Cripple Creek 2 to adjoining owners
Summary
Land management staff recommended a direct sale of approximately 5.8 acres from Tract D4 of Cripple Creek 2 to adjoining owners Sarah and Steven Masterman; code permits adjoining owners to buy up to 40 acres, and the buyer must pay 10% above fair market value and cover subdivision costs.
Danny Welch of borough land management presented a proposed direct sale on Aug. 21 to the Fairbanks North Star Borough Assembly committee of the whole for an approximately 5.8-acre portion of Tract D4 in the Cripple Creek 2 subdivision.
Welch said the buyers are adjoining owners Sarah and Steven Masterman. Under borough code, an adjoining owner who shares a boundary (not merely a corner or across a road) may…
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