HomeMy WebLinkAboutResolutions - No. 4000RESOLUTION NO. 4000
WHEREAS, the City of Lodi heretofore adopted Resolution
No. 3982, entitled "A Resolution of the City Council of the City of Lodi,
California, Declaring Its Intention to Call for Bids for a Certain Oil and
Gas Lease and Making Findings in Connection Therewith", and
WHEREAS, the City Clerk has caused publication of said
Resolution in the Lodi News Sentinel pursuant to provisions of Public
Resources Code 7058.5 of the State of California; and
WHEREAS, at the time specified in said Resolution, and as
amended in Resolution No. 3993, bids were received and opened by the
City Clerk of the City of Lodi; and
WHEREAS, the highest and best bid was that of Standard Oil
Company of California;
NOW, THEREFORE, BE TT RESOLVED, the Mayor is hereby
authorized to execute and the City Clerk to attest to a lease with Standard
Oil Company of California in the form and manner specified in said
Resolution No. 3982 covering a total cash consideration of $41, 111.78 for
the first year and an annual cash rental thereafter of $10. 00 per acre or
$5,734.90, with a royalty payment of 1/6th for all oil, gas and other hydro-
carbons produced from said premises.
Dated: November 6, 1974
I hereby certify that Resolution No. 4000 was passed
and adopted by the City Council of the City of Lodi in regular meeting
held November 6, 1974, by the following vote:
AYES: Councilmen: EHRHARDT , HUGHES, KATNICH,
SCHAFFER AND PINKERTON
NOES: Councilmen: None
ABSENT: Councilmen: None
ALICE
City C11
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