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Board approves renewed lease with Reefs for small farmland east of runway
Summary
The board approved a renewed lease with the Reefs for a roughly 5.5-acre parcel east of the runway, increasing rent by 10% from $200 to $220 per acre; the Reefs accepted and signed the updated agreement prior to the vote.
Mr. Scheler told the board that, following prior direction, staff offered the Reefs a lease renewal on a roughly 5.5-acre parcel east of the runway with a 10% rent increase — from $200 per acre to $220 per acre. "The offer was made. The Reefs accepted that offer. They have actually signed the updated agreement for the lease of property at that new rental for an additional term," Scheler said.
A board member moved to approve the revised lease agreement and another seconded. The motion passed after the board voted "all in favor." The board directed staff to finalize the signed agreement and proceed under the terms discussed.
The parcel described is a small farm parcel across US-33 and has been under a series of three- or five-year leases in recent cycles. The board did not record a roll-call vote in the transcript; the motion was summarized on the record as carrying.
