City of Monticello, Iowa
RESOLUTION #2025-171
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 recommended leasing the Monticello Regional Airport farm ground in the amount of $124,100.00 per year as the highest bid, with additional terms consistent with the proposed lease agreement with a 3-year term, and
WHEREAS, Justin Buck acknowledged the terms of the lease related to crop productions and has bid and is capable and willing to enter into the lease agreement and 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 three (3) year lease agreement between Justin Buck and the City of Monticello at the annual rental rate of $124,100.00 (paid in two increments of $ 62,050) as outlined in the lease, 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 15th day of December, 2025.
Wayne Peach, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer