HomeMy WebLinkAboutResolution 087-2013 Resolution No.87-13
Resolution of Intent to Lease Real Property to Brookings Economic Development Corporation
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 Brookings Economic Development
Corporation,for a period of one year with an option to renew for a second year and pertaining
to the following described property:
Research &Technology Center—813 32nd Avenue
The Lease will be an amount of$3.50 per square foot for Year One (1), and the City Manager
and Tenant shall negotiate the terms for a second year, which shall not be less than the rate
agreed upon for year one (1) based on the agreed upon square footage of 1,308 square feet.
Be It Further Noted,that a Public Hearing on this Resolution was held on August 13, 2013 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 13th day of August, 2013.
CITY OF BROOKINGS, SD
Tim Reed, Mayor
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. - ornes, City Clerk