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MEMORANDUM <br /> DATE: October 23, 1996 <br /> TO: Mayor and Councilmembers <br /> FROM: Michael Mornson, City Manager <br /> • ITEM: TERMINATION OF APACHE WELLS LEASE <br /> Attached is a resolution to terminate the Apache Wells lease, effective August <br /> 1, 1996 to August 31, 1999. A savings of 37 months to the City which equals a <br /> cash savings to the City of$132,840. <br />