HomeMy WebLinkAboutRESOLUTION 1984-43.: :;~
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Suggested by: Administration
CITY OF KENAI
RESOLUTION N0. 84-43
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 LANGS.
WHEREAS, KMC 21.10.130(a)(2) states that the percentage of Fair
market value to derive a fair return on lands to be leased by the
City shall be set annually in May by resolution of the City
Council.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that the rent~.I rates to be set on any City lands
to be leased after the PffP~+;ve date of this resolution shall be
6A of appraised fair market value as established by a qualified
independent appraiser.
PASSED BY THE COUNCIL OF THE CITY pF KENAI, ALASKA this 2nd day
of May, 1984. /j a
TOM WAGONER, MAYOR
ATTESTS
3 et helan, City Clerk
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