HomeMy WebLinkAboutORDINANCE 1618-1994Suggested by: Administration
CITY OF KENAI
~, OgDIN1~INC$ KO. 1618-94
AN ORDINANCE OF THE COUNaIL20FTTOHS~ILEASE RATES~OFLAIRPORT LANDS
,AMENDING KMC 21.10.130 ( ) ( )
AT b$ OF THE FAIR MARKET VALUE.
WHEREAS, lease rates are based on a percentage of fair market
value; and
WHEREAS, the percentage to deriveCouncfl anduappliesetoaallally
in May by resolution of the City
leases of Airport lands thereafter requested; and
WIiEREAS, historically the percentage has been set at 6$ of the
fair market value; and
WHEREAS, it would be more efficient a°annualheassageaof6a in
Kenai Municipal Code, rather than th p
resolution.
NOW, THEREFORE, SE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that KMC 21.10.130 (a)(2) be amended as followss
21.10.130 (a) A fair return onstof theporitclaim deed and
mandated by the terms and conditi ~
appropriate deeds of release, granting these lands to the Airport
System by the Federal Government. ive iearseshalliincludena al
leases for a period in excess of f y
redetermination clause as of the fifth easevandaayainnprior fonds
for lease shall be appraised prior to 1 5
redetermination. Lease rates:
(1) shall be based on fair market value of the land,
including an appropriate consideration of facilities and services
available (public water, public sewer, storm sewers, and other
public utilities) as determined by aoguthefisedecifiedeland,• and,
appraiser, :onsidering the best use P
(2) shall be [A PERCEiVEGA]FAIR REThuRNfsiHALLa Ees~
value [AND THE PERCENTAGE TO DER
ANNUALLY IN MAY BY RESOLUTION OF THE CITY COUNCIL LAND SHALL
APPLY TO ALL LEASES THEREAFTER REQUESTED].
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 4th day
of January , 19 9 5 . /~~ A ~ f`~
•
ATTEST:
Carol L. Kress, cszy c:lerx
• First Reading: December 21, 1994
Second Reading: January 4, 1995
Effective Date: February 4, 1995
(12/7/94)kh ~_