HomeMy WebLinkAboutResolution 16-068 Resolution 16-068
Resolution of Intent to Lease Real Property to
Brookings Economic Development Corporation
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 agreement with Brookings Economic
Development Corporation on a month to month basis for a period not to exceed one
year and pertaining to the following described property:
Research & Technology Center—813 32"d Avenue
The Lease will be an amount of$4.00 per square foot based on the agreed upon square
footage of 1,308 square feet (Unit 1) and an amount of$0.00 per square foot based on
the agreed square footage of 1,020 square feet (Unit 2) for a period of one (1) year with
the option to renew on a month to month basis for one (1) additional year.
Be It Further Noted, that a Public Hearing on this Resolution was held on August 9,
2016 at 6:00 o'clock P.M. at the Brookings City & 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 the 9t" day of August, 2016.
CITY OF BROOKINGS, SD
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�-�`:•••''°�����ka�`,�� Tim Reed, Mayor
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Shari Thornes, City Clerk