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File #: 21-008    Version: 1 Name:
Type: Motion Status: Passed
File created: 12/7/2020 In control: City Council
On agenda: 1/5/2021 Final action:
Title: Consider Accepting the Agricultural Land Lease for Fargaze Meadows Outlots C & D (Meadows Park Land)
Attachments: 1. Signed Contract for Council.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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City Council Meeting Date:                     January 5, 2021

 

To:                                          Mayor and City Council

                                          City Administrator

 

From:                                          Tim Behrendt, Streets and Parks Manager

                                          David Bennett, Public Works Director/City Engineer

 

Title

Consider Accepting the Agricultural Land Lease for Fargaze Meadows Outlots C & D (Meadows Park Land)

 

Body

Action Requested:

The Northfield City Council approves the agricultural land lease with Far-gaze Farms.

 

Summary Report:

The City has leased the undeveloped portion of Meadows Park since 2015.  The agricultural land lease on Fargaze Meadows Outlots C & D, previously approved by Council, has expired. The leased acreage is based on the amount of tillable land. The amount of tillable land is 19.9 acres. A lease rate of $215.00 per acre is the recommended rate for tillable land in this area.

 

The location map is included as an exhibit in the attached agreement.

 

Alternative Options:

If the lease isn’t approved, the City would need to consider seeding this area, until the park develops.

 

Financial Impacts:

The City pays taxes on the land that is leased. The proposed taxes in 2021 total $2,210.00. With revenue of $4,278.50 through lease payments, the City will make $2,068.50 in 2021. This revenue will go in the Park Fund.

 

Tentative Timelines:

The term of the agricultural land lease is January 1, 2021 to December 31, 2021 with an option to renew for two additional one-year terms.