HomeMy WebLinkAboutRESOLUTION 1975-05r ,~.~...__ - -
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CITY OF KENAI
RESOLUTION NO. 7S-OS
A RESOLUTION OF THE KENAI CITY COUNCIL ESTABLISHING THE
RATES TO BE CHARGED ON NEW LEASES AND ON THE RENEWAL DATES (FIVE
YEARS FROM DATE OF THE LEASE) OF EXISTING LEASE AGREEMENTS FOR
THE OCCUPANCY OF SPACE WITHIN THE KENAI AIR TERMINAL.
BE IT RESOLVED by the Council of the City of Kenai thats
The rates to be charged on any new leases executed sub-
sequent to the 5th day of February, 1975 for the occupancy of
space within the Kenai Air Terminal, be determined as followss
The lease charge shall be determined annually, and shall
be computed by dividing the square footage leased by the Lessee,
by the total number of square feet of leasable floor space,
excluding hallways, restrooms, and public waiting areas, in the
Terminal Building.
For the purposes of this Lease, the fraction so derived
shall be referred to as "Lessee's Ratio."
1. Base Charges The base charge shall be computed by
multiplying the Lessee's Ratio by the total amount of expenditures
set forth in the City of Kenai's Airport Terminal Budget for the
current fiscal year, but excluding from that amount the charges
for the following utility servicess
(a) Water
(b) Gas
(c) Janitorial
(d) Garbage
(e) Sewer
(f) Electricity
2. Utility Charges A utility charge for the utility
services above-described will be charged in addition to the base
charge, and shall be computed by multiplying the Lessee's Ratio
by the total monthly cost to the City of such services. If any
of the above-described services are metered separately, or
otherwise segregated from the total, the charge for that service
will be passed on the amount, so metered or otherwise segregated.
Page One, RESOLUTION NO. 75-OS
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Page Two, RESOLUTIS'a( NO. 75-05 f-.
The basic lease rate for the Terminal Building after
February 1, 1975, and until June 30, 1975, shall be as followss
COST PER St? • FT . S{Z. FT . BASIC MO.
ROOM NO. PER MO. LEASED LEASE RATE
1 $ .64 653 417.92
2 " 627 401.28
3 " 299 191.36
4 " 205 131.20
5 " 675 432.00
6 " 368 235.52
7 (Stairs)
8 " 560 358.40
9 " 260 166.40
i0 " 190 121.60
11 " 200 128.00
12 " 200 128.00
13 " 180 115.20
14 " 180 115.20
15 " 60 38.40
16 " 60 38.40
17 " (Out of Airport)
18 " 309 197.76
19 " 900 576.00
20 " 295 188.80
21 " 264 168.96
22 " 249 159.36
23 " 101 64.64
24 " 108 69.12
2S " 1,091 698.24
26 " 379 242.56
27 " 640 409.60
28 " 60 38.40
29 " 1,365 873.60
15.058 Total Sq. Ft.
Rentable Space
For existing leases which are or will become subject to
renegotiation for lease rates, the Schedule set forth above is
intended to set forth the fair market leasehold value of the
rental space under the economic conditions prevailing as of the
effective date of this Resolution.
DATEDs This .~i day of February, 1975.
CITY OF KENAI
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A. ELSON, Mayor
ATTE T
SHARON LOOSLI, City Clerk