HomeMy WebLinkAboutResolution 149-2013 Resolution No. 149-13
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 Lease with Oines Farms, LLC for a period of two (2)years,
commencing on March 9, 2014 and ending December 31, 2015, and pertaining to the following
described property:
the designated farmland of thirty (30) acres more or less in the Brookings Wiese
Addition, in Section 19, T110N-R49W, and the designated farmland of forty(40) acres
more or less in the Brookings Freeland Addition, in Section 18, T110N-R49W, in the City
of Brookings, Brookings County, South Dakota.
The Lease will be an amount of Two Hundred Ninety Dollars and Two Cents ($290.02) per acre
for farmland annually, payable first half on April 1st and the remaining half on November 1St.
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 December 10, 2013 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 10th day of December, 2013.
CITY OF BROOKINGS
Tim Reed, Mayor
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Shari Thornes, City Clerk/