14.20.050 Qualifications of applicants or bidders.
A. An applicant or bidder for purchase must be:
1. An individual or individuals 18 years of age or older; or
2. An association partnership, corporation, or other entity which is legally capable of owning land or an interest in land and which is authorized to conduct business under the laws of the state of Alaska.
B. A person acting as an agent for a qualified bidder must independently meet the requirements of this section and must file with the borough land manager, prior to the time of sale, a proper power of attorney or a letter of authorization creating such agency. The agent may represent only one principal, who must meet the qualifications of subsection (A) of this section. An agent may not also be a bidder for the same parcel in the agent’s personal capacity.
C. A person is not a qualified applicant or bidder if:
1. The person has failed to pay a deposit or payment due to the borough in relation to borough land in the previous five years and full payment, including interest at the legal rate, has not been made;
2. The person is currently in breach or default on any contract or lease involving land in which the borough has an interest;
3. The person has failed to perform under a contract or lease involving borough land in the previous five years and the borough has acted to terminate the contract or lease or to initiate legal action with respect to the nonperformance; or
4. The borough has other good cause to believe that the person is unlikely to make payment or responsibly perform under the contract.