HomeMy WebLinkAboutResolution 23-010Resolution 23-010
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.
(RTI), LLC., on a month -to -month basis terminating on or before December 31, 2023
with the option to renew for two additional one-year terms and pertaining to the following
described property:
Research & Technology Center — 801 32"d Avenue, Suite 100
The Lease will be an amount of $10.00 per square foot for 10,957 square feet of
office/lab space and $4.00 per square foot for 2,134 square feet of garage/cold storage
space.
Be It Further Noted, that a Public Hearing on this Resolution was held on February 14,
2023 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 14t" day of February, 2023.
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