Fiscal Note
Estimated income in the year 2006 of $2,310 will be deposited into Account No. GN01-78220.
Title
Authorizing the Mayor and City Clerk to execute a lease with Dennis Acker for four tracts of City-owned land comprising approximately 22 acres. 3rd Ald. Dist.
Body
WHEREAS, the City of Madison owns four (4) parcels of land located on the east side of the City in the vicinity of County Trunk Highway BB, which parcels were acquired for park purposes (the "City's Property"); and
WHEREAS, Dennis Acker is currently leasing and farming adjacent land owned by Dane County and is interested in farming certain portions of the City's Property; and
WHEREAS, the terms of a lease have been negotiated between Dennis Acker, the Parks Division and the Real Estate Section.
NOW THEREFORE BE IT RESOLVED, that the Mayor and City Clerk are authorized to execute a lease for farming purposes ("Lease") with Dennis Acker (the "Lessee") allowing for the use of four (4) tracts of land, comprising approximately 22 acres, as described on attached Exhibit A and depicted on attached Exhibit B (collectively, the "Leased Premises"), subject to the following terms and conditions:
The term of the Lease shall commence as of January 1, 2006 and expire on December 31, 2006.
The Lease may be renewed for subsequent one-year terms upon the agreement of the parties as to the terms of the renewal.
The Lessee shall pay rent to the City in an amount equal to $105.00 per tillable acre, payable in two equal installments due on or before May 1, 2006 and December 31, 2006, respectively. The amount of tillable acres is estimated to be 22 acres. Following the completion of planting by the Lessee, the Lessee and the City shall verify the actual acreage tilled and rent shall be calculated based on such verified amount.
Atrazine or any herbicide that lists atrazine as an active ingredient shall not be applied upon the Leased Premises.
The Lessee shall not hunt upon the Leased Pr...
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