Title
Stellwagen Farm Lease 2024-2026
History
The Stellwagen family has farmed the property located at 17701 S. 108th Avenue for many years. When the Village acquired the property, this tradition continued via a farm lease agreement. The most recent agreement has expired.
Last month, Village staff and Jim Stellwagen met to discuss terms for a new lease agreement. The proposed lease is based on previous agreements with a few changes. Most notably, the lease calls for:
• A leased area of only the 25 farmable acres rather than the whole 60 acres
• A three-year term expiring on December 31, 2026
• A $3 increase in the per tillable acre compensation from $125 to $128
• A termination provision with 90 day written notice for both parties
Financial Impact
The Village will receive $3,200/year.
Recommended Action/Motion
I move to approve the Stellwagen Farm Lease 2024-2026 with Jim Stellwagen;
AND
Authorize the Village Manager to execute all related contracts, subject to Village Attorney review.