HomeMy WebLinkAboutRESOLUTION 1978-125
CITY OF KENAI
RESOLUTION N0. 78-125
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, ESTABLISHING
RATE OF RETURN FOR LEASE OF CITY LANDS.
WHEREAS, Ordinance 400-78, Section 21.05.080(1)(b) requires the
Council by resolution to set a rate of return for lease of City
and airport lands.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Kenai,
Alaska, that the rate of return for future leases is hereby set
at 6~ of fair market value as established by a qualified independent
appraiser.
PASSED by the Council of the City of Kenai, Alaska, this 2nd day
of August, 1978.
VINCEN 0 R OR
T '~
~•~
~_._ _
ATTEST:
~~~~~
eter, City Cier