HomeMy WebLinkAboutResolution 014-2011Resolution No. 14 -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 SDSU for a period of five (5) years, commencing
on January I, 201 1 and ending December 31, 2015 and pertaining to the following described
property:
Lot Z of Block 5 of Airport Hangar Addition Number One and a 540 square foot parcel
situated on the west side of Lot Z, in the NW' /a of the SW1/4 Section 26 -T1 10 -R50W,
City of Brookings, South Dakota.
The Lease will be an amount of five hundred eighty -seven dollars and forty cents ($587.40),
which is $0.1 I 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 25`h day of January 201 1.
Shari Thornes, City Clerk
CITY OF BROOKINGS
Tim Reed, Mayor