HomeMy WebLinkAboutResolution 005-2009 Resolution No. 05-09
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 1, 2009 and ending February 28, 2010 and
pertaining to the following described property:
The designated farmland in the Brookings Wiese Addition, thirty (30) acres more or
less in Section 30, T I ION, 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
January 27, 2009 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 27th day of January 2009.
CITY OF BROOKINGS
Ma Jr S . t D. Munsterman
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Shari Thornes, City Clerk