HomeMy WebLinkAboutRESOLUTION 1985-42~~ir~sli
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Suggested by Administration
CI1Y OF KENAI
RESOLUTION N0. 85-42
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA SETTING
THE PERCENTAGE OF FAIR MARKET VALUE TO BE USED IN ORDER. TO DERIVE
A FAIR RETURN ON LEASE OF CITY LANDS.
WHEREAS, KMC 21.10.130 (a) (2) states that the percentage of fair
market value to derive a flair return on lands to be leased by the
City shall be set annually in May by resolutian 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
to be leased after the effective date of this resolutian shall be
6A of appraised fair market value as established by a qualified
independent appraiser.
PASSED BY THE COUNCIL OF THE CIT1' OF KENAI, ALASKA, this 1st day
of May, 1985.
TO WAGON , A
ATTEST:
net Whelan, C ty Clerk
Approved by Finance: F_ ~~
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