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Village says farm lease signed for 11th Street parcel, annual rent $5,200
Summary
President Timothy Owens reported that a farm lease for land at 11th Street and 23XX Rotary Road was signed by Josh Wakley with annual rent of $5,200, effective April 1, 2025 through March 1, 2026; the board discussed related park water access and grant timing.
President Timothy H. Owens reported that a farm lease for the parcel at 11th Street and 23XX Rotary Road was signed by Josh Wakley and that the village received the annual rent payment of $5,200. The lease is recorded in the meeting report as effective April 1, 2025, and expiring March 1, 2026; the board noted the payment had been received.
Owens also briefed trustees on related infrastructure and parks matters: terms for water access to Victory Park from Sunrise communities have been accepted and will be forwarded by Attorney Jim Stevens, and the board is pursuing an extension for the OSLAD grant through April 2025 to accommodate water-access work. The engineer later reported Victory Park construction is complete with a spring punch list and expected project completion by April.
