HomeMy WebLinkAboutResolution 46-2001 RES4LUTION NO. 46-01
RESOLUTION OF INTENT TO LEASE REAL PROPERTY TO PRIVATE PERSON
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 Wendell Telkamp for a period of three
(3)years, commencing upon approval by both parties and ending December 31, 2004, and
pertaining to the following described property:
The designated farmland on the Brookings Telkamp and Wiese Industrial
Parks, one hundred twenty-four(124) acres more or less in Sections 19 &
30-T 110-R49 in the City of Brookings, Brookings County, South Dakota.
The Lease will be an amount of Thirty Dollars and no Cents($30.00) per acre for hayland
and Seventy Dollars and no Cents ($70.00) per acre for farmland annually, payable first half on
April 1 and the remaining half on November 1 of each year. The Lease may be renewed by
notification by Lessee by December 31 for each additional year, however, either party may give
si�y(60) days notice prior to the termination of the Lease to terminate said Lease Agreement,
and the City of Brookings may terminate this Lease at any time in the event a parcel of the above
described property is to be sold by the City of Brookings. If a portion of the leased land is sold,
the number of acres to be paid for will be adjusted at the unit price per acre.
BE IT FURTHER NOTED,that a Public Hearing on this Resolution was held on
November 13, 2001 at 5:30 o'clock P.M. at the City Council Chambers and that all persons were
given an opportunity to be heard on the intent to lease real property.
Passed and approved this 13�'day of November, 2001.
CITY OF BROOKINGS
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Mayor ' gil H. Herriott
ATTEST:
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Shari Thornes, City Clerk