HomeMy WebLinkAboutResolution 031-2010 Resolution No. 31-I 0
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 (I) year, commencing on March 9, 2010 and ending March 8, 2011, 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, forty (40) acres more or less in Section 18, T I ION, 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 I and the remaining half on November I. 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 March 9, 2010
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 9th day of March 2010.
CITY OF BROOKINGS
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G�tv of aifb"y Tim Reed, Mayor
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Shari Thornes, City Clerk