Res 079-98 5/19/1998RESOLUTION NO. CJ -(
RESOLUTION TO AWARD BIDS FOR GRAZING LEASES AT LAKE
ARROWHEAD
WHEREAS, the City has three tracts of land at Lake Arrowhead that are leased
for cattle grazing;
WHEREAS, the current leases expire on August 14, 1998, and the City
advertised for bids for new five -year leases commencing on August 15, 1998; and,
WHEREAS, Council has considered all bids received for the leases.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WICHITA FALLS, TEXAS THAT:
The bids for the Arrowhead grazing leases are awarded as follows, and the City
Manager is authorized to execute a lease agreement with each person or company:
Lease #1 to Panda Cattle Co. in the amount of $15.51 per acre per year.
Lease #2 to Panda Cattle Co. in the amount of $15.51 per acre per year.
Lease #3 to Olen Baley Farms in the amount of $14.26 per acre per year.
PASSED AND APPROVED this the 19th day of May, 1998.
ATTEST:
nic
City Clerk