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 Jeff Nagel with regard to the “farm” ground at the Monticello Airport
WHEREAS, the City of Monticello Airport Board, with the consent and approval of the Monticello City Council, considered an offer in the amount of $ 225.00 per acre to lease a 10-acre portion of the “farm”, and
WHEREAS, Nagel would lease the 10 acres that were west of the creek, and accessible only through other Nagel-owned property, subject to the terms of the lease related to crop productions, and
WHEREAS, Nagel has agreed to lease that 10-acre parcel at that price, for a net annual lease amount of $ 2,250.00, and
WHEREAS, The Airport Board recommended approval of the lease at their meeting of January 10, 2023, and the City Council finds that 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 Jeff Nagel and the City of Monticello at the annual rental rate of $ 2,250.00 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 Jeff Nagel, 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 16th day of January, 2023.
David Goedken, Mayor
Sally Hinrichsen, City Clerk/Treasurer