The City of Monticello, Iowa
RESOLUTION #2024-59
Approving Lease Agreement between the City of Monticello and Justin Buck
with regard to the “Rowland Trust” farm ground at the Monticello Regional Airport
WHEREAS, the City of Monticello Airport Board recommended leasing the recently-acquired “Rowland Trust” farm ground in the amount of $ 17,000.00 ($340 per net acre) based upon the same rental rate as the high bid from leases last year, consistent with the proposed lease agreement with a 2-year term to bring this lease co-terminus with the other airport farm leases, and
WHEREAS, Justin Buck acknowledged the terms of the lease related to crop productions and is willing to pay that rate, and
WHEREAS, The Council finds that entry into the lease agreement is appropriate and in the best interests of the City and of the Airport.
NOW, THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby approve of the entry into the proposed two (2) year lease agreement between Justin Buck and the City of Monticello at the annual rental rate of $ 17,000.00 annually, and directs the Mayor to execute the lease on behalf of the City Council and further directs the City Administrator to obtain the signature of Justin Buck, as tenant.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal of the City of Monticello, Iowa to be affixed hereto. Done this 18th day of March, 2024.
Wayne Peach, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer