HomeMy WebLinkAboutAgenda Report - January 8, 1986 (4)`9UNCIL C0i1 MUNICATI('*:"
SECTION 5. The term of the lease shall be for three (3) years and
for such longer period (not to exceed 35 years), during which oil, gas,
and other hydrocarbon substances shall be produced from said leased
land, or 'lands with which the leased land may be pooled.
SECTION 6. The form of the lease shall be a standard oil and gas
Tease form such as is used by Shell Oil, Standard Oil, Phillips
Petrole,rn, or any other major oil canpany.
SECTION 7. -The variable bidding factor from which bids shall he
received shall be the percentage of royalty on all oil, gas, minerals,
or other hydrocarbons that may be produced from said land.
SECTION 8. The bidder shall submit a sealed proposal to enter
into said lease agreement and the same shall be received at the office
of the City Clerk of the City of Lodi located in the City Hall on or
before 5:00 p.m. Wednesday, March 19, 1986 and said bids shall be
opened and publicly declared by the Council at its regular meeting in
the City Hall, Lodi, California to be held at 7:30 p.m. on said date.
Said bids shall contain a cashier's or certified check covering the
full amount of the cash bonus consideration including the first year's
rental and shall indicate the willingness of the leasee to enter into a
lease containing at least the minimum proposals set forth herein.
SECTION 9. The City Clerk shall publish this resolution once a
week for four successive weeks in the Lodi News Sentinel, a newspaper
of general circulation published and printed in the city and county
where the property is situated.
I hereby certify that the foregoing resolution was passed and
adopted by the City Council of the City of Lodi in a Regular
Meeting held Wednesday, January 15,1986 by the followingvote:
AYES: Council Members - Olson, Reid, Snider and
Hi.nchman (Mayor)
NOES: Council Members - None
ABSENT: Council Members - Pinkerton
ABSTAIN: Council Members - None
ATTEST:
ALICE M. REI14CHE
City Clerk
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EXHIBIT "B"
Portions of Sections 23 and 26, Township 3 North, Range 5 East,
Mount Diablo Base and Meridian, also being described as the Westerly
portion of the City of Lodi White Slough Water Pollution Control Y
Facility property. This portion of City property is highlighted be-
low and totals approximately 392 acres.
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EXHIBIT "A"
Portions of Sections 23, 2.4, 25 and 26, Township 3 North,
Range 5 East, Mount Diablo Base and Meridian, also being described
as Assessor's Parcels 055-120-1, 055-120-7, 055-130-4, 055-130-13,
055-130-14, 055-130-15, 055-150-11, 055-150-12, 055-150-14, 055-150-15,
and 055-150-17. The property is also commonly known as the (City of
Lodi) White Slough Water Pollution Control Facility. This property is
highlighted below and totals approximately 763 acres.
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