(A) Prior to drilling of any wells, all city property in the form of dedicated streets and rights-of-way that is contiguous to the drilling unit shall be leased on the standard lease form, wherein provisions are made for lease money as well as royalties and/or any other income from the drilling operation shall be payable under the lease to the city.
(B) In the event that a city street or other right-of-way divides two drilling units, then the centerline of the right-of-way shall be determined to be the dividing line between the drilling units.
(C) It is the purpose of this section that the city is to receive adequate compensation of all oil rights found under city streets and other rights-of-way, including but not limited to city parking lots, city garage, city-owned easements and alleys.
(1993 Code, § 114.13) Penalty, see § 114.99