HomeMy WebLinkAboutResolution 18-038 (2) Resolution 18-038
Resolution of Intent to Lease Real Property to RTI, inc.
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 RTI, LLC, on a month to
month basis terminating on or before December 31, 2020 and pertaining to the following
described property:
Research & Technology Center— 801 32"d Avenue, Suite 100
The �ease will be an amount of$10.00 per square foot for 10,434 square feet of
office/lab space and $4.00 per square foot for 2,134 square feet of garage/cold storage
space.
Be It Further Noted, that a Public Hearing on this Resolution was held on May 22, 2018
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 22"d day of May, 2018.
CITY OF BROOKINGS, SD
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Keith W. Corbett, Mayor
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�so i Thornes, City Clerk