The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
Approving Lease Agreement between the City of Monticello and Justin Buck with regard to the “farm” ground at the Monticello Regional Airport.
WHEREAS, the City of Monticello Airport Board, with the consent and approval of the Monticello City Council, held a live auction at the Regular Airport Board meeting held on December 6, 2022 at which a high bid in the amount of $ 84,660.00 was received to rent the “farm” ground consistent with the proposed lease agreement, and
WHEREAS, The high bidder was Justin Buck, who was present. Buck acknowledged the terms of the lease related to crop productions, 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 three (3) year lease agreement between Justin Buck and the City of Monticello at the annual rental rate of $ 84,660.00 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 19th day of December, 2022.
Chris Lux, Mayor Pro Tem
Sally Hinrichsen, City Clerk/Treasurer