00 CS FOR SENATE BILL NO. 178(FIN) am 01 "An Act stating legislative intent regarding parking, maintenance, leasing, and 02 other requirements for a certain building acquired by the state in downtown 03 Anchorage; relating to the purchase by the Alaska Housing Finance Corporation 04 of an office building in Anchorage; and providing for an effective date." 05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 06 * Section 1. LEGISLATIVE INTENT. (a) It is the intent of the legislature that 07 (1) after the purchase that is the subject of sec. 2 of this Act is entered into, 08 the building that is the subject of that purchase will continue to be maintained in compliance 09 with existing leases; 10 (2) the leases existing in the building when the purchase is made under sec. 11 2 of this Act will be honored in accordance with their terms, including any renewal options 12 and parking as indicated under (5) of this section, but the state may not enter into new leases 13 for space in the building or offer existing tenants more space in the building if the new leases 14 or additional space might conflict with the state's ultimate goal of fully occupying the building 01 with tenants from state government; 02 (3) if there are opportunities to accommodate the needs of existing tenants 03 during the transition to the ultimate occupancy goal, the state will work with the existing 04 tenants of the building to accommodate their needs to the extent feasible without jeopardizing 05 the ultimate occupancy goal; 06 (4) the state provide at least 40 free parking spaces for public access to state 07 offices in the building, that the parking spaces be located in an area that provides a gate or 08 other method to control motor vehicle entry into the area and that if the parking spaces are 09 not located in the office building, they must be located as close as possible to the building and 10 managed to maximize public access to state offices; 11 (5) to the extent existing parking is provided under existing tenant leases, the 12 state will abide by those parking agreements, and, if opportunities exist during the transition 13 to the ultimate occupancy goal to accommodate additional tenant parking needs without 14 jeopardizing the ultimate occupancy goal, the state will work with tenants on a case-by-case 15 basis to accommodate these needs. 16 (b) In this section, 17 (1) "building" means the Bank of America building that is located in downtown 18 Anchorage and that is the subject of the purchase authorized under sec. 2 of this Act; 19 (2) "purchase" means the purchase that is authorized under sec. 2 of this Act; 20 (3) "ultimate occupancy goal" means the state's ultimate goal of fully 21 occupying the building with tenants from state government. 22 * Sec. 2. NOTICE AND APPROVAL OF BUILDING PURCHASE. The Alaska Housing 23 Finance Corporation shall purchase an office building in Anchorage, Alaska, under 24 AS 18.55.010 - 18.55.290. The building shall be leased to the state for the offices of state 25 agencies other than the corporation for an annual amount not to exceed the building's annual 26 operating expenses. The maximum amount of the purchase price may not exceed 27 $35,700,000, including lease buy-outs and other costs related to the purchase and lease by the 28 state. When the building is state property exempt under AS 29.45.030(a)(1), the state shall 29 pay to the municipality under AS 29.45.030(a)(1)(A) the property taxes attributable to the 30 private tenants in the office building. This section constitutes the review and approval 31 required by AS 18.55.100(d). 01 * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).