HomeMy WebLinkAboutRESOLUTION 1989-37Suggested by: Administration
RESOLUTZON NO. 89-37
A RESOLUTION OF THE COUNCZL OF THE CITY OF KENAZ, ALASKA, SETTING
THE PERCENTAGE OF FAIR MARKET VALUE TO BE USED IN ORDER TO DERIVE
A FAIR RETURN ON LEASE OF CITY LAHDS.
WHEREAS, EMC 21.10.130 (a) (2) states that the percentage o£
fair narket value to derive a fair return on lands to be leased
by the City shall be set annually in Hay by resolution o£ the
City Council.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
KBNAI, ALASKA, that the rental rates to be set on any City lands
to be leased a~ter the e££ective date o£ this resolution shall be
6~ o£ appraised ~air market value as established by a quali£ied
independent appraiser.
PASSED BY THE COUNCIL OF THE
o£ May, 1989.
CITY OF KENAI, ALASKA, this 3rd day