Cabana v. Kenai Peninsula Borough

OPINION

FABE, Chief Justice.

I. INTRODUCTION

The Kenai Peninsula Borough (KPB) Assembly passed an ordinance in March 1999, exchanging forty acres of borough property near Homer (the Homer parcel) for twenty acres of property near Anchor Point owned by Clifford Shafer (the Shafer parcel). The Borough had appraised the Shafer parcel at $24,500 and the Homer parcel at $33,700. The same day that it passed the exchange ordinance, the KPB Assembly passed a resolution to classify the Homer parcel as light industrial with a variance for stockpiling material and the operation of heavy equipment and with…