HomeMy WebLinkAboutResolution 072-2007 RESOLUTION NO. 72-07
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 (1)year, commencing on March 1, 2008 and ending February 28, 2009 and pertaining to the
following described property:
The designated farmland on the Brookings Telkamp and Wiese Addition, forty-nine (49)
acres more or less in Sections 19 & 30, T110, R49 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 1 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 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
November 13, 2007 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 13th day of November 2007.
CITY OF BROOKINGS
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__ M. • . . • t D. Munsterman
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