HomeMy WebLinkAboutRESOLUTION 1979-120~-----r---i- --~- __ _ _ _ _ _ _ ~ -~ --r ..~ , - -~- ---~., .
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~ CITY OI~ I~NAI
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ftESOLUTION NO. 78-120
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A RESOLUTION OF TF~ COUNCIL OF THE CITY OF KENAI ESTABLI$HtNt3
A RATE OF RETURN FOA LEASE OF CITY !.!-NDS
~REAS, Ordinanee 400-78, Section 21.05.080(1) (b) requires the Cauncil
by IteeoluHon to set a rate of return annually for lease o! City and Airport
lends.
NOW, T~REFORE, BE IT RESOLVED BY THE COUNCd OF THE CITY OF KENAI
that the rate oi return for future leases is hereby set at 6$ of fair market value
as established by a qualiHed independent appraisPr.
PA~RED BY THE COUNCIL OF THE CITY nF RENAi this 5th day of Reptember, 1979.
ATTEST:
Su eter ~ Citq Clerk
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