ALASKA STATE LEGISLATURE  LEGISLATIVE COUNCIL   OCTOBER 14, 2022  1:00 PM   MEMBERS PRESENT  Representative Sara Hannan, Chair  Representative Matt Claman  Representative Bryce Edgmon  Representative Louise Stutes  Representative Cathy Tilton  Representative Chris Tuck  Senator Click Bishop  Senator Peter Micciche  Senator Bert Stedman  Senator Gary Stevens    MEMBERS ABSENT  Senator Lora Reinbold, Vice Chair  Representative Neal Foster  Senator Lyman Hoffman  Senator Shelley Hughes (alternate)  Senator Mike Shower    OTHER MEMBERS PRESENT  Senator Jesse Kiehl    AGENDA  APPROVAL OF AGENDA  COMMITTEE BUSINESS    SPEAKER REGISTER  Jessica Geary, Executive Director, Legislative Affairs  Agency (LAA)  I. Call to Order    1:10:08 PM  CHAIR HANNAN called the Legislative Council meeting to order  at 1:10pm in the House Finance Committee room in the Capitol.    Present at the call were: Representatives Claman, Edgmon,  Hannan, Stutes, Tilton, Tuck; Senators Bishop, Micciche,  Stevens.    Nine members present at the call.    Senator Stedman joined at 1:15pm.  II. Approval of Agenda    1:11:41 PM  SENATE PRESIDENT MICCICHE moved and asked unanimous consent  that Legislative Council approve the agenda as presented.    The agenda was approved without objection.    III. Sale of Anchorage Legislative Office Building (ALOB)  Satellite Parking Lot    1:12:00 PM  SENATE PRESIDENT MICCICHE moved that Legislative Council  st approve the sale of the lot at 1500 West 31 Avenue in  Anchorage, Alaska, for the gross amount of $500,000 and that  any applicable fees or closing costs be paid from the gross  amount per the terms of the Purchase and Sale Agreement.    CHAIR HANNAN objected for the purposes of discussion.    JESSICA GEARY, Executive Director of the Legislative Affairs  Agency, noted that members have in their packet a memo dated  July 15, 2022, which describes this item in detail. She said  the lot is no longer being used by the Legislature and that  this matter has been previously brought before Legislative  Council with consideration to use the lot sale proceeds to  fund legislative capital projects. She continued that, with  approval, this sale will net approximately $470,000 after  closing costs and broker fees, which would be deposited into a  capital appropriation for use for any number of capital  projects that Council chooses.    REPRESENTATIVE TILTON asked if the legislative capital account  referred to by Ms. Geary was where the funds for the purchase  of the lot and the Anchorage Legislative Office Building came  from in the first place.    MS. GEARY stated that in fiscal year 2016 there was a  legislative capital appropriation specifically for the purpose  of purchasing the ALOB - what used to be the Wells Fargo  building - and it came with a vacant parking lot. The proceeds  of the lot sale will be deposited into a general legislative  capital appropriation to be used for renovation, repair, and  necessary improvements to legislative facilities.    REPRESENTATIVE TILTON asked if any money coming from the sale  would come before Legislative Council for consideration.    MS. GEARY responded that it would depend on the procurement  code and the particular item; if an item is under the  threshold, then it would not necessarily need Legislative  Council approval. She confirmed that if it was an item that,  per Legislative Procurement Procedures, would need Legislative  Council approval then it would be brought before the  committee.    SENATOR STEVENS stated his pleasure with the sale, which  reduced the purchase price of the building from about 12  million to 11.5 million dollars. He pointed out the lack of  use of the lot that isnt directly connected to the main  parking lot and asked who had inquired about purchasing it.    MS. GEARY stated that in the past people had approached the  Legislature about the lot, but for this sale, it was listed on  the open market and managed by a broker. After being listed  for approximately six weeks, they received this offer. She  stated the initial offer was $451,000 and the Agency countered  with $500,000, which was in line with the appraised value.    SENATOR STEVENS said the sale was a great opportunity and he  was pleased that the issue had reached this point.    SENATE PRESIDENT MICCICHE said he suspected that if the value  of the lot was dissected from the value of the building, it  would be substantially lower than the $500,000 sale price and  asked if anyone could confirm.    MS. GEARY said that level of cost analysis was not conducted.  The broker is charging standard commercial property broker  fees and the lot sale price is more today than it was two  years ago when Council last considered it. She stated that she  believed this to be a good offer.    SENATE PRESIDENT MICCICHE said he supports the decision to  make the sale.    1:20:57 PM  There was no further discussion and a roll call vote was  taken.    YEAS: Representatives Claman, Edgmon, Hannan, Stutes, Tilton,  Tuck; Senators Bishop, Micciche, Stevens.    NAYS: None.    The motion passed 9-0.    IV. Adjourn    There being no further business before the committee, the  meeting was adjourned at 1:21pm.    1:21:52 PM