HomeMy WebLinkAboutM1985-0319 - 07/02/19850 0 MOTIONS - 7/2/85 • 0
Bid opening and award of oil and gas lease: A three year primary term oil
and gas lease for the City's mineral interest in a 13.963 acre tract that
7.p adjoins the O.N. Stevens Water Plant. The lease provides that the City
receive a 20% royalty but does not allow use of the land surface. The
1 minimum acceptable bid is $837.78. Lease to be awarded by Council motion
immediately after all bids have been opened.
The lease was awarded to GALICIA CORPORATION.
M85 -0319