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Res 076-95 6/6/1995RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO LEASE FOR OIL, GAS AND OTHER MINERALS CERTAIN LANDS LOCATED AT LAKE KICKAP00 IN ARCHER COUNTY, TEXAS; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE WAS DISCUSSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, the City of Wichita Falls has received a request that certain land owned by the City in Archer County be leased for oil, gas and other minerals. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. It is advisable, under proper circumstances, to lease for development of oil, gas and other minerals the following described tracts of land situated in Archer County, Texas, to -wit: The easternmost 80 acres owned by the City of Wichita Falls in the R. Carson Survey #174, Abstract 108, and 19.3 acres being all of that acreage owned by the City in the R. Carson Survey #173, Abstract 107, Archer County, Texas; said property being contained in a deed from Mrs. J. H. Turbeville to the City of Wichita Falls filed in Volume 198, Page 391 of the Archer County Deed Records. SECTION 2. Any such oil, gas and mineral lease shall provide for at least 3/16 royalty, and shall have a primary term of no more than three (3) years. SECTION 3. Any such lease may contain a pooling provision. SECTION 4 * lease such land consecutive weeks the county in whi describe the land the City Council lease. City shall give notice of intention to by publication once a week for three in a newspaper published in Archer County, ch the land is located, which notice shall and designate the time and place at which will receive and consider bids for such SECTION 5. The City Council will reserve the right to reject any and all bids, and give notice and call for additional bids, if same is determined to be in the best interest of the City. SECTION 6. It is officially found and determined that the meeting at which this resolution was passed was open to the public as required by law. PASSED AND APPROVED this the 6th day of June, 1995. ATTEST: -(ICity Clerk M A I U K