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Board approves five-year lease of Section 16 acreage at $9.50 per acre
Summary
The board approved a five-year lease for 425 acres of Section 16 at a rate of $9.50 per acre, for a total of $4,042.25, with the present lessee remaining in place.
The Hancock County Board of Education approved a five-year lease of Section 16 acreage to the incumbent lessee at $9.50 per acre.
Staff reported the recommendation on a sealed-bid or recommended lease: $9.50 per acre for 425 acres for a total first-term price of $4,042.25. The motion to accept the lease recommendation was made, seconded and carried.
Board members noted the administrative process for confirming the lease and the recommendation was recorded in the minutes. No additional conditions or amendments were raised on the floor during the motion.
Staff said they would continue required administrative steps to document the lease in the district records.
