HomeMy WebLinkAboutResolution 036-2013 Resolution No. 36-13
Resolution of Intent to Lease Real Property to Rural Technologies, 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 Rural Technologies, Inc., for a period of
three years and automatically renewable on a month to month basis thereafter and pertaining
to the following described property:
Research &Technology Center—80132nd Avenue, Suite 100
The Lease will be an amount of$7.50 per square foot for Year One (1), $8.00 per square foot for
Year Two (2), and $8.50 per square foot for Year Three (3) based on the agreed upon square
footage of 8,866 square feet.
Be It Further Noted, that a Public Hearing on this Resolution was held on April 23, 2013 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 23rd day of April, 2013.
CITY OF BROOKINGS, SD
Tim Reed, Mayor
=1 eA'T D
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hornes, City Clerk