HomeMy WebLinkAboutRESOLUTION 1993-35Suqgested by:
City of Kenai
· BBOL~TZON NO. 9S-3S
AdminiStration
A SOLUTION'OFT E COUNCIL OFTHE.'CITY OF EENAI, ALASKA,:.'
SETTING THE PERCENTAGE OF FAIR MARK~ VALUETOBE'..USED' IN ..
ORDER TO DERIVE A FAIR'RETURN ON LEASE OF AIRPORT .LANDS,
WHEREAS, IOfC 21.10.130(a)(2) states that the percentage"of.
fair market value to derive a fair return on airPort:: lands.
to be leased by the City shall' be set annually
resolution of the City Council.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that the rental rates to be set on any City-
owned airport lands to be leased after the effeotive date.of
this resolution shall be 6% of appraised fair market value'
as established by a qualified independent appraiser.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this
1993.
19th day of May,
ATTEST~
arol L. F~ebs' City Clerk
Approved by Finance:
(5/13/93)
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