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HomeMy WebLinkAboutRes. 20-037Resolution 20-037 Resolution of Intent to Lease Real Property To Daniel P. Bauer in the Wiese and Freeland Additions 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 Daniel P. Bauer, 'commencing on April 28, 2020 and ending December 31, 2020, and pertaining to the following described property: The designated farmland of thirty (30) acres more or less in the Brookings Wiese Addition, in Section 19, T110N, R49W, and the designated farmland of ten (10) acres more or less in the Brookings Freeland Addition, in Section 18, T11 ON, R49W in the City of Brookings, Brookings County, South Dakota. The Lease will be an amount of One Hundred Twenty Dollars and Zero Cents ($120.00) per acre for farmland annually, payable first half on June 1 and the remaining half on November 1. 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 April 28, 2020 at 6:00 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 28th day of April, 2020. CITY OF BROOKINGS Keith W. Corbett, Mayor ATTEST: