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Assembly authorizes lease with University of Alaska for recycling facility after debate over fair‑market valuation
Summary
The Assembly approved Resolution 20‑26‑09 authorizing the mayor to enter a lease with the University of Alaska for the central recycling facility. Members expressed concern about authorizing leases 'at or above' fair market value without borough appraisal; administration said the University uses an internal appraisal method with 2% annual increases and staff will pursue scoping for a new facility.
The Assembly adopted a resolution authorizing the mayor to enter into a lease with the University of Alaska for continued operation of the borough’s central recycling facility at 1855 Marica Road. The lease covers approximately 16,000 square feet of indoor space and 4,500 square feet of exterior yard.
Administration explained the University conducts its own fair‑market…
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