HomeMy WebLinkAboutResolution 013-2011Resolution No. 13 -1 1
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 PAUL MORIARTY for a period of five (5) years,
commencing on January 1, 201 1 and ending January 1, 2016 and pertaining to the following
described property:
All of Lot 1, Block 5, of Airport Hangar Addition Number One, and a parcel being 20' wide
by 100' long situated on the northeast side of said Lot 1 in Section 26 and Section 27,
T I I ON -R50W, City of Brookings, South Dakota
The Lease will be an amount of eight hundred thirty-six dollars ($836.00), which is $0.11 per
square foot, payable by the last day of January, 201 1. The lease amount may be adjusted by the
Brookings City Council each year and the payment will be payable by the last working day of
January of each year. The City of Brookings may terminate this Lease with a notice of 60 days
to the lessee.
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.
ari Thornes, City Clerk
CITY OF BROOKINGS
Tim Reed, Mayor