HomeMy WebLinkAboutRESOLUTION 1991-24Suggested by= Administration
City of Kenai
91-24
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, SETTING THE
PERCENTAGE OF FAIR ~RKET VALUE' TO BE USED IN ORDER TO DERIVE A FAIR'
RETURN ON LEASE.OF AIRPORT LANDS..~
WHEREAS, KMC 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 'tn May by. resolution of the City Council.
NOW, THEREFORE! BE IT RESOLVED BY THE COUNCIL OF THECITYOFKENAI,
ALASKA,'that the rental rates to be set on any City-owned a[rport
lands to be leased after the effective 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 OFKENAI, ALASKA,
May, 1991.
ATTEST:
this 15th day of
,
Carol L. Freak' City Clerk
Approved by Finance:__~~
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