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 1st with the second half due November 1st 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 8th day of December, 2020.
CITY OF BROOKINGS
Keith W. Corbett, Mayor
Bonnie Foster, City Clerk