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R97-09 AUTHORIZING A CONTRACT
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R97-09 AUTHORIZING A CONTRACT
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4/19/2016 4:08:25 PM
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4/19/2016 4:08:25 PM
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Resolution/Ordinance
Res Ord Num
R97-09
Res Ord Title
AUTHORIZING A CONTRACT FOR CITY FARM PROPERTIES MANAGMENT WITH MAGNA TRUST COMPANY
Approved Date
1/21/1997
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. , ! <br /> � Page 4 <br /> „ , <br /> Citv Staff Recommendation j <br /> It is recommended that the City Council adopt the attached Resolution for a Farm I' <br /> Management Contract with Magna Trust Company, for an annual flat fee cost of$1,500. The flat �, <br /> fee is recommended as it is simple to administer, predictable, and is nearly identical in cost to the �I <br /> percentage of gross income alternative. The fee will be deducted from the gross farm revenue of <br /> the properties. Prior to the first crop year revenue being credited to the City's farm management II <br /> account, the fee will be paid by the Water Surplus Fund. I <br /> attach: 2 '� <br /> cc: Raquel L. McCain, City of Decatur I, <br /> Harris, MCSWCD � <br /> Schroeder, Magna Trust Co. <br />
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