HomeMy WebLinkAboutM1986-0132 - 03/18/19860 MOTIONS - 3/18/86 •
15. Authorizing the adoption of the following policy for ground rental at the
Airport:
a. Current ground rentals be adjusted to 9.5 cents per square foot per
year for improved and 3.25 cents per square foot per year for
unimproved land leased on the old formula., and be in effect for a
period of three years;
b. Leases negotiated within this three year period be based on the
provision as stated in No. 1 above, and thereafter, be based on the
appraised land value formula at an annual rate of 6% for a term of
three years; and 8% of appraised land value thereafter;
C. The lease currently in effect between the City and Lanmon - Lively be
amended to reflect the provisions of No. 2 above; and
d. Fuel flowage fees be adjusted to 7.75 cents per gallon.
M86 -0132