Title
Hank's Farm Stand Boley Farm Lease Agreement
History
Henry (Hank) Jacobs has been operating the farm stand on the Village’s Boley Farm property located on the south side of 151st St. just west of 80th Avenue, for years through multiple two-year leases with the Village. The last lease with the Village was for the terms of March 1, 2022 through November 15, 2022 and March 1, 2023 through November 15, 2023. He has requested to lease the grounds again for 2024, with an automatic renewal for 2025. He last paid $16,500 for the 9.5 months of 2022, and $16,500.00 for the 9.5 months of 2023.
The lease includes 2.12 acres of land for agricultural purposes, as well as the retail sale of agricultural products from the barn measuring 46 feet by 72 feet and the parking lot of approximately 1/3 acre. The Village’s right-of-entry for this work is preserved in the lease document as is an insurance and indemnity requirement of Mr. Jacobs for his activity on the property.
Staff recommend the same fees and terms be utilized for 2024 and 2025.
Financial Impact
The lease agreement will earn $16,500 in both 2024 and 2025.
Recommended Action/Motion
I move to approve the Boley Farm/Farm Stand Lease Agreement with Henry (Hank) Jacobs for 2024 at a cost of $16,500 and to approve an automatic renewal of the lease in 2025 at a cost of $16,500 for a 9.5 month period of March 1 - November 15 of each year;
AND
To authorize the Village Manager to execute all related contracts, subject to Village Attorney review.