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Res 087-93 6/15/1993RESOLUTION NO. P-9"3 RESOLUTION TO AWARD BIDS FOR GRAZING LEASES AT LAKE ARROWHEAD WHEREAS, the City of Wichita Falls has three (3) tracts of grassland available for leasing at Lake Arrowhead; WHEREAS, the City received bids on each of the tracts on May 24, 1993 ; and, WHEREAS, the Council has considered the bid proposals received and desires to award bids to the highest bidder for each tract. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The bid for Lake Arrowhead Grazing Lease No. 1, consisting of 223 .5 acres, is hereby awarded to Mr. Luke Halsell in the amount of $12 .78 per acre/per year, a total annual bid of 2,856. 33 . Lake Arrowhead Grazing Lease No. 2 , consisting of 228. 375 acres, is hereby awarded to the Kimball Ranch for $8.85 per acre/per year, a total bid of $2,021. 12 per year. Lake Arrowhead Grazing Lease No. 3, consisting of 68 .326 acres, is hereby awarded to Mr. Luke Halsell in the amount of $9.57 per acre/per year, a total bid of $653 .88 per year. Each of the leases shall be for five (5) years beginning on August 15, 1993 and extending to August 14, 1998. The City Manager is authorized to execute an appropriate lease agreement with each of the cited parties. PASSED AND APPROVED this the 15t • . ;j _June, 199 44110 M A Y O R ATTEST: I Y CLERK