Title
Public Hearing and Action on Resolution 21-021, a Resolution of Intent to Lease Real Property at the Brookings Regional Airport to Harry Thompson.
Body
Summary:
The City is renewing a hangar lease with Harry Thompson for 5,280 square feet located on Site 135 at the Brookings Regional Airport in Section 26 and 27-T110N-R50W in the City of Brookings. The lease will be for a 25-year term and the 2021 lease rate will be $0.13/square foot for a lease amount of $686.40. The lease amount will be increased by 2% annually and subject to review every five (5) years.
The public hearing was published as required.
Recommendation
Recommendation:
Staff recommends approval.
Body2
Attachments:
Memo
Resolution
Notice
Map