HomeMy WebLinkAboutResolution 048-2010 Resolution No. 48-10
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 Farm Lease with Joel C. Foster, for a period of Three (3) years
and pertaining to the following described property:
The Northeast One-fourth (NE1/4), except Lots One (1) and Two (2) and except
Lots H-4, H-5 and the platted lots thereof, of Section Nineteen (19), Township
One Hundred Ten (110) North, Range Forty-nine (49) West of the 5th P.M.,
County of Brookings, State of South Dakota.
The purpose of this Lease is to provide for the farming of the above-described property prior to
its development. The term of the Lease is three years,beginning with the 2010 crop season
through December 31, 2012. The Lease provides for cash rent payable by the Tenant, and sets
forth the respective obligations of the Lessor and Tenant concerning the above-described
property.
Be It Further Noted, that a Public Hearing on this Resolution was held on this 27th day of April,
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 the above-described real property.
Passed and approved this 27th day of April, 2010.
CITY OF BROOKINGS
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Tim Reed, Mayor
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S'" es, City Clerk