HomeMy WebLinkAboutRESOLUTION 1983-054■
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CITY OF KENAI
RESOLUTION NO. 83-54
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 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 rental rates to be set on any City lands
to be leased after the effective date of this resolution shall be
6% of appraised fair market value as established by a qualified
independent appraiser.
PASSED BY THE COUNCIL OF THE CITY F KENAI, AL SKA, this 4th day
of May, 1983.
R NALD A. MAL TON, MAYOR
ATTEST:
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et Whelan, ity Clerk