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HomeMy WebLinkAboutRes 01-30 Setting the Town's Communication Ductbank Lease RatesTOWN OF WESTLAKE RESOLUTION NO. 01-30 A RESOLUTION OF THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS, SETTING THE TOWN'S COMMUNICATION DUCTBANK LEASE RATES. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That the Board of Aldermen of the Town of Westlake does hereby set the Town's communication ductbank lease rates as attached here as Exhibit A. SECTION 2: That these rates are subject to an annual review. SECTION 3: That this Resolution shall become effective upon the date of its passage. PASSED AND APPROVED ON THIS I ITH DAY OF JUNE, 2001. ATTEST: Ging r Crosswy,q,own Secretary APPROVED AS TO FORM: Scott Bradley, Mayor Trent O. Petty, Town Marra -ger LEASE TERMS [SIZE 5 YEARS 10 YEARS 15 YEARS 20 YEARS 25 YEARS ANNUAL LUMP SUM ANNUAL LUMP SUM ANNUAL LUMP SUM ANNUAL LUMP SUM ANNUAL LUMP SUM (INCHES) ($110 ($/ Io ($/ Io ($1 If ($/ Ifl ($110 ($/ If ($l If ($i Ifl ($1 ID 314 $0.365 $0.548 $0.731 $1.465 $1.625 $2.440 $3.256 $6.522 $0.351 $0.527 $0.703 $1.409 $2.847 $4.275 $5.703 $11.426 $0.337 $0.507 $0.676 $1.354 $3.752 $5.635 $7.517 $15.060 $0.325 $0.487 $0.650 $1.302 $4.410 $6.623 $8.835 $17.700 $0.312 $0.469 $0.625 $1.252 $4.874 $7.320 $9.765 $19.564 1112 2 4