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Resolution 20-105

Resolution of Intent to Lease Real Property to Lyle Bothe 

in Section 21-T110N-R50W (West of Brookings Airport)

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 Lyle Bothe for a period of two (2) years, commencing January 1, 2021 and ending December 31, 2022; and 

Whereas, the Bidder may have the option to renew this Lease for two additional one-year terms for 2023 and 2024; and 

Whereas, this lease pertains to the following described property:

The designated hay land, eighty five (85) acres more or less, in Section 21, T110N-R50W  in the City of Brookings, Brookings County, South Dakota.

Whereas, the Lease will be an amount of One Hundred Eleven Dollars and Zero Cents ($111.00) per acre for hay land, payable the first half payment will be due July 1^st with the second half due November 1^st of each year.

Be It Further Noted, that a Public Hearing on this Resolution was held on December 8, 2020, at 6:00 o’clock P.M. in the Chambers of the 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 8^th day of December, 2020.

                                                                        CITY OF BROOKINGS

                                                                        ____________________________________

                                                                        Keith W. Corbett, Mayor

ATTEST:

__________________________

Bonnie Foster, City Clerk