HomeMy WebLinkAboutResolution 015-2011Resolution No. 15 -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 ADVANCE 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:
The designated parking lot of approximately 15,300 square feet in size, located on
Brookings Airport property and adjacent to Division Avenue in Section 27 -T I 1ON-
R5OW in the City of Brookings, South Dakota
The Lease will be an amount of One thousand, six hundred eight -three dollars ($1,683.00) for
2011, which is $0.11 per square foot, payable by the last day of January, 201 I . 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.
ATTEST:
nes, City Clerk
CITY OF BROOKINGS
/frx:— P.e.e.t)1/4,
Tim Reed, Mayor