HomeMy WebLinkAboutRESOLUTION 1987-28Suggested by~ Administration
CITY OF KBNAZ
RBSOLI~FZOH NO. 87-28
A RESOLUTZON OF THE COUNCZL OF THll CZTY OF KENAZ, ALASKA
SB'FT'ZNG THE PERCBh'TAGB OF FAZR MARKET VALUK TO BB USED ZN
ORDF~TO DF~ZV~ A FAZR RETURN ON L~SE OF CITY IJ~IDS.
WHEREAS, KMC 21.10.130 (a) (2) states that the percentage
fair market value to derive a fair return on lands to be
leased by the City shall b3 aet annually in May by
resolution of the City Council.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CZTY OF
· ENAI, ~L~SK~, that the rental rates to be set on any City
landa to be leased after the effective date of this
resolution shell be 6~ of appraised fair market value as
established by a qualified independent appraiser.
PASSED BY THE COUNCIL OF THE CZTY OF KENAI, AhASKA, th~s
20th day of Hay, 1987.
ATTEST:
net ~helan, City Clerk
Approved by Finance: ~
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