Title
Public Hearing and Action on Resolution 21-020, a Resolution of Intent to Lease Real Property at the Brookings Regional Airport to Robert Fite.
Body
Summary:
The City is renewing a hangar lease with Robert Fite for 7,600 square feet located on Site 203 at the Brookings Regional Airport in Section 26-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 $988.00. The lease amount will be increased by 2% annually and subject to review every five years.
The public hearing was published as required.
Recommendation
Recommendation:
Staff recommends approval.
Body2
Attachments:
Memo
Resolution
Notice
Map