Title
Stellwagen Farm Lease 2018 - 2019
History
Mr. James Stellwagen expressed interest in extending the lease agreement he has held for the farming of the Stellwagen Family Farm.
The Stellwagen Family Farm Foundation has requested that the $3,125 generated in 2018 - 2019 from this agreement go to the fund that maintains the farm. The lease includes a payment of $125.00 per tillable acre (approximately 25 acres). The terms and conditions of this lease agreement match those of the previous agreement, but in this case the lease would commence on March 1, 2018 ,and expire on February 28, 2019. A new farm lease for 2019 - 2020 would be requested in early 2019 upon a review of the site conditions at that time.
Village staff recommends the extension. Attached is the lease agreement for your review and approval.
Financial Impact
$3,125 to the Stellwagen Family Farm Foundation fund for 2018 - 2019.
Recommended Action/Motion
I move to approve the 2018 - 2019 farm lease agreement for the Stellwagen Family Farm Foundation with James Stellwagen.