Explanation
Background: By a Lease Agreement For Use of Real Property For Agricultural Purposes, dated December 1, 2016, the City currently leases a portion of real property located on Mooney Road and identified as Delaware County Tax Parcel No. 100-300-01-043-000 of approximately 46.36 +/- acres to Lowell Thomas Taylor (“Tenant”) and as amended by a First Agreement For Lease of Real Property For Agricultural Purposes for lease of Delaware County Tax Parcel No. 100-300-01-092-000 containing 44.61+/- acres, comprised of 88 acres tillable for farming purposes. The following legislation authorizes the Director of the Department of Finance and Management, on behalf of its Department of Public Utilities, to execute those documents necessary to enter into a Second Amendment to Agreement For Lease of Real Property For Agricultural Purposes (“Second Amendment”) to add an adjacent portion of land to the existing lease, comprised of approximately 359.25 acres of the city-owned property located on Smokey Road being Delaware County Tax Parcel Numbers 100-400-01-027-000, 100-400-01-034-000 and 100-400-01-035-000, containing approximately 312 tillable acres, that are currently being farmed by Timothy Ackley. The City recently became aware that due to financial setbacks suffered by Mr. Ackley, the option to renew his farm lease will not be exercised for the term that is to commence December 1, 2020. Lowell Thomas Taylor is currently farming the adjacent city-owned acreage and has agreed to lease and farm this additional acreage The Real Estate Management Office has negotiated a Second Amendment with terms agreeable to the Department of Public Utilities for the lease of this additional 359.25 acres.
Fiscal Impact: No funds are required.
Emergency Action is requested in order to immediately authorize a Second Amendment for the lease of this additional 359.25 acres to avoid any delay in preparing the property for the upcoming farming season.
Title
To authorize the Dir...
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