HomeMy WebLinkAboutResolution 15-117 Resolution 15-117
A Resolution of Intent to Lease Real Property to, South Dakota State University
Be It Resolved by the governing body of the City of Brookings, South Dakota, that the
City of Brookings intends to enter into a Lease with South Dakota State University for a
period of five (5) years, commencing on January 1, 2016 and ending December 31,
2020 and pertaining to the following described property:
4,800 square feet on Lot Z, Block 5 of Airport Hangar Addition Number One and
a 540 square foot parcel on the west side of Lot Z at the Brookings Regional
Airport, in Section 26 and 27, T110N, R50W in the City of Brookings, Brookings
County, South Dakota.
The lease will be payable annually by the last day of January of each year and subject
to increases set by the Brookings City Council. The 2016 lease amount will be five
hundred eighty seven dollars and forty cents ($587.40) payable January 31, 2016. The
City of Brookings may terminate this Lease with sixty days notice.
Be It Further Noted, that a Public Hearing on this Resolution was held on December 8,
2015 at 6:00 o'clock P.M. in the Chambers at the Brookings City and County
Government Center and that all persons were given an opportunity to be heard on the
intent to lease real property.
Passed and approved this 8th day of December, 2015.
CITY OF BROOKINGS
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`�/�� .-z �, Tim Reed, Mayor
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Shari Thornes, City Clerk