Res 018-2014 2/4/2014RESOLUTION NO. 18-2014
Resolution authorizing a 5-year, 20% increase of the annual lease
amount on Lake Kickapoo leases with review dates in 2014
WHEREAS, Resolution 73a-94, dated June 28, 2001, established a policy for re-
leasing Lake Kickapoo lots with the lease agreement designating a five year review and
adjustment of the annual lease rate; and
WHEREAS, the current lease rates ranging from $690.00 to $1,380.00 are set to
expire on these leases as of September 30, 2014, and raising the lease rate to reflect
an increase of 20% annually conforms to the rates established for the new generation
leases adopted through the passage of Resolution 73a-94.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
1. The annual lease rate for lease lots at Lake Kickapoo with review dates in
2014, currently leased for $690.00, $735.00, $1,093.00, $1,150.00, and $1,380.00, shall
increase to $828.00, $882.00, $1312.00, $1380.00, and $1,656.00 per year for the next
five-year period beginning on September 30, 2014.
2. The annual payment will remain due as indicated on the lease agreement.
3. The City Manager is authorized to execute leases incorporating the aforesaid
changes, in a form to be approved by the City Attorney.
PASSED AND APPROVED this the 4th day of February, 2014.
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M A Y O R
ATTEST:
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City Clerk