Res 086-84 5/1/1984C
RESOLUTION NO. ‘0-6K/
RESOLUTION AUTHORIZING THE PUBLICATION OF NOTICE
OF INTENTION TO LEASE FOR OIL AND GAS CERTAIN
LAND LOCATED AT LAKE KICKAPOO IN ARCHER COUNTY,
TEXAS.
WHEREAS, the City of Wichita Falls has received a request that
certain land owned by the City at Lake Kickapoo in Archer County,
Texas, be leased for oil and gas exploration and production.
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 the development of oil and gas all of that certain tract
of land, containing 376 . 78 acres, more or less, located at Lake
Kickapoo, Archer County, Texas, and described by metes and bounds
on Exhibit A, which is attached hereto.
SECTION 2. Any such oil and gas lease shall provide for at
least 3/16 royalty, and shall have a primary term of no more than
two years.
SECTION 3 . Any such oil and gas lease shall be executed on the
City ' s standard oil and gas lease form.
SECTION 4 . As this land is located adjacent to Lake Kickapoo,
no actual drilling may occur on the property covered by such lease
unless the location of each well is approved in advance by the City,
and the methods used in drilling and producing such well meet all
the specifications to be required by the City for protecting the water
in the lake.
Ir r
SECTION 5. City shall give notice of intention to lease
such land by publication once a week for three consecutive weeks
in a newspaper published in Archer County, which notice shall
describe the land and designate the time and place at which the City
Council will receive and consider bids for such lease.
SECTION 6. City will not warrant the title to the minerals
in such lands. The City apparently owns all of the minerals.
SECTION 7 . 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 .
PASSED AND APPROVED this the / - day of May, 1984 .
M A O R
ATTEST :
City Clerk
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