Fiscal Note
Anticipated 2021 income of $450.00 will be deposited into the General Fund with the rent payable from the Lessee on or before July 1, 2021. Rent during future renewal terms, if any, will be subject to agreement between the Lessee and Office of Real Estate Services staff. The term of the Lease shall commence as of January 1, 2021 and expire on December 31, 2023.
Title
Authorizing the Mayor and City Clerk to execute a lease for farming purposes with Dean W. Hermsdorf for approximately 16 acres of land located at 1504 S. Sprecher Road. (16th AD)
Body
WHEREAS, the City of Madison (“City”) Stormwater Utility owns the property located at 1504 S. Sprecher Road (“Property”); and
WHEREAS, Stormwater Utility staff support farming of the Property for the land management benefit of controlling invasive species and other undesirable vegetation; and
WHEREAS, the terms of a lease have been negotiated between Dean W. Hermsdorf and the Office of Real Estate Services; and
WHEREAS, Stormwater Utility staff have reviewed the lease terms and recommend entering into a lease with Dean W. Hermsdorf, and the lease has been approved by the City Attorney’s Office and Risk Manager.
NOW THEREFORE BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease with Dean W. Hermsdorf (“Lessee”) allowing for the use of approximately 16 acres of land for farming purposes, subject to the following terms and conditions:
The “Leased Premises” is more particularly described on attached Exhibit A and depicted on attached Exhibit B.
The term of the Lease shall commence as of January 1, 2021 and expire on December 31, 2023.
The Lessee shall pay rent to the City in the sum of Four Hundred Fifty and 00/00 Dollars ($450.00), ($25.00 per mowed acre x 6 acre and $30.00 per acre planted in Sorghum Sudangrass x 10 acres), payable in one (1) installment due on or before July 1, 2021.
The Lease may be renewed for subsequent two (2) year terms upon agreement of the parti...
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