Newspaper article THE JOURNAL RECORD

Public Notices

Newspaper article THE JOURNAL RECORD

Public Notices

Article excerpt

(84823) (Published By The Journal Record September 26th & October 3rd, 1986.) REQUEST FOR BIDS ON MINERAL LEASES, OIL AND GAS CLEVELAND COUNTY A sealed proposal addressed to the Oklahoma City Municipal Improvement Authority ("OCMIA") and the City of Oklahoma City, for oil and gas leases on certain property, below described, will be 100 North Walker Building, Okla homa City, Oklahoma, until October 15th, 1986, 9:30 o'clock a.m.

A second sealed bid (duplicate of the one submitted to the Water Resources Department) shall be submitted to the City Clerk (as Secretary of the OCMIA) to be stamped in no later than 9:30 a.m. the day of the Trust meeting in which bids are to be opened. Trustees will not accept any bids received after 9:30 a.m on the day of the Trust Meeting. Label envelope on the outside: sealed bid, Oil and Gas date of Trust Meeting in which bids are to be opened) and the legal description. A check or cashier's check for $500 or 5% of the delay rent al, whichever is greater, is to be at tached to the bid proposal. Any bid& opened by the City Clerk without the bid bond attached will be disqualified.

The Trustees intend to enter into& leases having a five (5) year primary term with the person or firms submitting the proposals which in the opinion of the Trustees are most advantageous to the OCMIA and the City of Oklahoma City. The leases to be entered into shall be substantially in the form of the OCMIA Standard Oil and Gas Lease copies of which are on file in the office of the Director of the Department of Water Re sources, Oklahoma City, Oklahoma,& and are available for public inspection during normal business hours.

Bidders should note that Special& Field Rules apply and are available from City Hall, 4th Floor, Clerk of the Board of Adjustment. These Special Rules re quire, but are not limited to Steel Re serve Pits, Remote Control Station for Blowout, 1,200 ft. of Surface Casing, Cement Bond Logs, Four Blowout Pre venters, Special Diking of Site, 660 foot Setback From Shoreline, and& $8,000,000 Insurance Requirement per well. …

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