Ordinance 2020-19-17, an ordinance for introduction, which authorizes the acquisition of property located at 4135 Hohe street in Homer on behalf of South Peninsula Hospital, was approved at the most recent Kenai Peninsula Borough Assembly meeting.
$315,000 would be appropriated from the South Peninsula Hospital Plant Replacement and Expansion Fund for the purchase. Assemblyman Tyson Cox, “What this will do in reading about it was, this is for needed parking and infrastructure and for future expansion. The purchase will be $300,000. The estimated closing costs will be the other $15,000. I believe there’s currently a single family home on the property. It’s just a little over a quarter of an acre.”
According to the KPB Assembly, property has become available for purchase. The property, along with other hospital properties, is located within the City of Homer’s Residential Office Zoning District which allows for hospitals and medical clinics by conditional use permit.
The negotiated purchase price is $300,000, which is the independently appraised fair market value. Prior to completing the purchase, the property would be inspected for structural and environmental conditions. The purchase agreement provides up to 180 days to close and the borough is responsible for all closing costs. Closing costs, prorated taxes and purchase investigation costs aren’t expected to exceed $15,000.
Kenai Peninsula Borough Mayor Charlie Pierce, “The hospital does a lot of leasing and rent, obviously to be in a position to own. There’s a piece of property that’s in close proximity to the hospital that’s come up that’s available. The hospital has expressed interest in purchasing it. I think it’s a responsible thing to do.”
Because the ordinance for introduction passed, a hearing on the manner will be held on Tuesday, February 16th, 2021.