Public Affairs

August 14, 2000

UNIVERSITY OFFERS LAND FOR SALE AND LEASE

August 14, 2000  NR 20-2000

The University of Alaska is beginning its annual land sale this week. Administered by the university's Statewide Office of Land Management in Anchorage, the sale offers approximately 1,003 acres of residential, remote, waterfront and scenic view properties for sale throughout the state, with an estimated value of close to $2.5 million dollars. In addition to offering land for sale, the university is also requesting proposals to lease several parcels including two mineral estate parcels in the Fairbanks area.

Parcels offered for sale this year include everything from remote recreational lots at Lake Minchumina to residential lots in Fairbanks. Lease parcels include leasing mineral estate in Chatanika and Twin Buttes.
The University of Alaska is a land grant institution. It acquired land through Acts of Congress in 1915 and 1929 and through land settlements with the State of Alaska in the 1980s. The university develops, leases and sells land to generate revenue for the university's Land Grand Trust Fund. Proceeds from the fund are used for numerous natural resources-related research and academic projects, including the popular UA Scholars program, which annually offers four-year scholarships to the top ten percent of each Alaska high school graduating class.

The university is offering 116 parcels that range in size from less than one acre, to 260 acres, with prices from $8,000 to $80,000. The properties are located near Chandalar Lake, Manley Hot Springs, Fairbanks, Lake Minchumina, Harding Lake, North Pole, Wasilla, Talkeetna, Haines, Prince of Wales Island, Chatanika and Twin Buttes.

The university continues to offer over-the-counter 338 parcels ranging in size from less than one acre, to 116.50 acres, with prices from $3,000 to $134,000. These parcels are available for immediate closing and are located in Fairbanks, Manley, Nenana, Healy, Glennallen, McCarthy, Skwentna, Sunshine, Willow, Wasilla, Talkeetna, Palmer, Kenai, Homer, Anchor Point, Juneau, Kalgin Island, Lake Iliamna, Ugashik Lake, Wide Bay, Cold Bay, Copper Center, Kodiak, Wrangell and Prince of Wales Island.
Property descriptions and maps can be printed from the University of Alaska's land office website at http://www.ualand.com. The competitive sale closes at 5:00 p. m., on October 11, 2000, with offers and proposals being accepted at the university's Statewide Office of Land Management in Anchorage. The university is offering up to 90% financing on approved credit. Any properties not sold or leased through this process will be offered over-the-counter starting November 6, 2000.

FOR MORE INFORMATION:
Mari Montgomery, Director, Statewide Office of Land Management, Anchorage, 907-786-7766.

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