HomeMy WebLinkAboutRESOLUTION 1990-20Suggested by= Administration
City.of Kenai'
RKSOLUTXON 9O - 20
A RESOLUTION 'OF.'THE COUNCIL 'OF THE CITY oF I~NAI, ALASKA, SETTING THE
PERCENTAGE OF .FAIR NARKET VALUE TO BE USED IN ORDER TO DERIVE A FAIR
~TU~ ON ~S~. OF CITY LA~DS.
WHEREAS, I~C 21.10.130 (a) (2) states that the percentage of fair
market valueto derive a fair return on lands to be leased by the City
shall be'set annually in NaY by 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 lands t6 be leased
after the effective 'date of this resolution shall be 6% of appraised
fair market value as established by a qualified independent appraiser.
.P. ASSE.D__B_Y TItE COUNCIL OP TI~ CITY OF KENAI, ALASKA, this 16th daly of
ATTEST:
Ct~Clerk -
Approved' bY Ftnance:-~
(5/9/90)