HomeMy WebLinkAboutResolution 011-2011Resolution No. 1 1 -1 1
Resolution of Intent to Lease Real Property
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 Foundation Seed Stocks for a period of one (1)
year, commencing on March 9, 201 1 and ending March 8, 2012, and pertaining to the following
described property:
The designated farmland in the Brookings Wiese Addition, thirty (30) acres more or
less in Section 19, T1 I ON, R49W, and the designated farmland in the Brookings
Freeland Addition, thirty-eight (38) acres more or less in Section 18, T I I ON, R49W in
the City of Brookings, Brookings County, South Dakota.
The Lease will be an amount of One Hundred Five Dollars ($105.00) per acre for farmland
annually, payable first half on April 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 January 25, 201 1 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 25th day of January 201 1.
CITY OF BROOKINGS
/t"-- /122-P1
i Thornes, City Clerk
Tim Reed, Mayor