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Chancellor adopts resolution to offer roughly 11-acre farm lease by sealed bid
Summary
The board adopted Resolution 2025-01-14 to offer an approximately 11-acre parcel for lease via sealed bids, citing SDCL 9-12-5.2; a public bid-opening will be held Feb. 11, 2025 at 8 p.m.
The Town of Chancellor Board of Trustees adopted Resolution 2025-01-14 on Jan. 14, 2025, declaring the town’s intent to offer approximately 11 acres of municipally owned agricultural land for lease through a sealed-bid process.
The resolution references SDCL 9-12-5.2 as the enabling statute and describes the parcel as Lot “A” of Hildebrand’s Addition in the NW¼ of Section 27, Township 99N, Range 52 W of the 5th P.M., Turner County, South Dakota (except Tract One). It specifies an initial term of one year with an option to renew for additional one-year terms not to exceed five years in total, and notes that a copy of a sample lease is on file in the town office for public inspection.
The board scheduled the public hearing to open bids at 8:00 p.m. on Feb. 11, 2025 in the Town Office. Trustee Heath McManaman moved to adopt the resolution, Trustee Zachary Knock seconded and the motion carried by recorded minutes notation “all in favor.”
The minutes do not record advertised minimum bid amounts, current or prior lease rates, or prospective bidders; the resolution and supporting documents are available for public inspection at the town office per the resolution text.
