HomeMy WebLinkAboutResolution 109-2010 RESOLUTION NO. 109-10
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 South Dakota Foundation Seeds for a period of
one (I) year, commencing on January I, 2011 and ending December 31, 2011 and pertaining to
the following described property:
The designated cropland on the Brookings Regional Airport, one hundred four (104) acres
more or less in Sections 26, 27, and 35, T1 ION, R50W, in the City of Brookings, Brookings
County, South Dakota.
The Lease will be an amount of Forty Dollars ($72.00) per acre for the cropland, payable first
half on April I and the remaining half on November 1. The City of Brookings may terminate
this Lease at any time in the event a parcel of the above described property is to be adjusted by
the City of Brookings. If a portion of the cropland is changed, 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 December 14, 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 14`h day of December 2010.
CITY OF BROOKINGS
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Tim Reed, Mayor
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ari Thornes, City Clerk