Res 037-2009 3/3/2009 RESOLUTION NO. .� 1 _ ��--���
RESOLUTION AUTHORIZING AN INCREASE OF THE ANNUAL LEASE
AMOUNT ON THIRTY-TWO (32) LAKE ARROWHEAD LEASES WITH REVIEW
DATES IN 2009 FROM SIX HUNDRED DOLLARS ($600.00) TO SIX HUNDRED
NINETY DOLLARS ($690.00) FOR AN ADDITIONAL PERIOD OF FIVE YEARS
WITH THE NEXT REVIEW DATES IN 2014; FINDING AND DETERMINING
THAT THE MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS
OPEN TO THE PUBLIC AS REQUIRED BY LAW.
WHEREAS, Resolution 73a-94 established a policy for re-leasing Lake
Arrowhead lots with the lease agreement designating a five year review and adjustment
of the annual lease rate; and
WHEREAS, the current lease rate of $600.00 is set to expire on these leases as
of either June 1, 2009 (23 leases) or September 30, 2009 (9 leases) and raising the
lease rate to $690.00 annually conforms to the rates established for the new generation
leases adopted through the passing of Resolution 77-2001 dated June 28, 2001.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
SECTION 1 . The annual lease rate for lease lots at Lake Arrowhead, currently
leased for $600.00 shall increase to $690.00 per year for the next five year period
beginning on June 1, 2009 and September 30, 2009. The annual payment will remain
due as indicated on the lease agreement.
SECTION 2. It is hereby 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 3rd day of March, 2009.
MAYOR
ATTEST:
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i Clerk