Res 046-83 3/1/1983t
RESOLUTION NO. 46-83
RESOLUTION ADOPTING A REVISED LEASE FEE SCHEDULE
FOR LOTS AT LAKE ARROWHEAD AND REPEALING RESOLU-
TION NO. 678 .
WHEREAS, the Board of Aldermen of the City of Wichita Falls
had adopted in 1967 a rate schedule for the leasing of lots at
Lake Arrowhead; and,
WHEREAS , said schedule adopted in 1967 fails to reflect
the market value of the lot leases as a result of inflation
and a rising cost of living; and,
WHEREAS , the City of Wichita Falls desires to obtain a
fair market value for the rental of its property on Lake
Arrowhead .
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN
OF THE CITY OF WICHITA FALLS, TEXAS, THAT:
Resolution No. 678 , which established a fee schedule for the
leasing of cabin sites, is hereby repealed.
In place of the existing fee schedule, the annual fee for
leasing a cabin lot site is established as ten percent of the
appraised land value used by the Clay County Tax Assessor of
the year in which the lease was executed .
All building restrictions currently in effect will
continue to be enforced . All construction must conform to
similar construction within the City of Wichita Falls .
Construction of a cabin or house must still be completed within
two years after the water service is delivered to each lot.
Trailer houses to be used as cabins must conform to those
sections of Ordinance No . 2004 applying to trailer houses
becoming prefabricated homes when vehicles are removed.
PASSED AND APPROVED this the 1st day of March
1983 .
M A Y O R Pro tern
ATTEST:
City Clerk