HomeMy WebLinkAboutRESOLUTION 1980-77i
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CITY OF KENAI
RESOLUTION NO. 80-77
A RESOLUTIQ*: ^F ?'!?~ COUNCIL OF THE CITY OF KENAI, ALASKA
ESTABLZSHING A RATE OF RETURN FOR LEASE OF CITY LANDS.
WHEREAS, KMC 21.10.131(a)(2) requires the City Council to
set a rate of return annually in Ma.y for lease of Airport
lands.
N~W, THEREFOR~, BE IT RESOLVED BY THE ~^.OUNCIL OF THE CITY
OF KENAI, ALASKA that the rate of return for leases vf
Airport ~ands Curing the fiscal year 1980-81 is hereby set
at six (6) percent of fair market value as established by
a qualified independent appraiser.
PASSED BY TIiE CUUNCZL UF ~HE CITY OF KENAI, ALASKA this 7th
day of May, 1980. , ~
~ ~.~~~~.
VINCENT O'REILLY OR
ATTEST: ~
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J et Whelan, City Clerk