HomeMy WebLinkAboutRESOLUTION 1992-32Suggested by= Administration
City of Kenai
.P.11SOLI]TIONN0. 92-32
PER~NTAG~ OF FAIR ~T'V~~ BE USSD'INO~ER ~' DERI~ A FAIR.
~~ ON L~E OF"AI~RT~DS
~E~, ~C 21.10.130(a)(2) state's that the ~=centage'.°f fai=~ket
value to ~e=ive a fa~= return on a~o=t lan~s to be lease~b~ the.
Cit~ shall be set ~nuallY'in May by reso!ution of the City ~unoil.
NOW, THE~FO~, BE IT '~SOL~D BY ~CO~CIL OF T~CI~OF~AI,
~S~, that the rental =ares to be set on any City-owne~
lan~s to be lease~ after the effective ~ate of this resolution shall
~ 6% of appraise~ fair m~ket value as est~lishe~ b~ a ~alifie~
independent appraiser. :~
PASSED BY TH~ COUNCIL OF THE CITY OF KENAI, ALASKA, this 19th da¥of .
~ay, 1992.
ATTEST:
Carol L. Freas, City Clerk
Approved by Finance
(5/12/92)
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