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10-714 Lease Agrmt w/ American Harvest LLCCITY OF MERIDIAN RESOLUTION NO. 10- -1 ~ BY THE CITY COUNCIL: BIRD, HOAGLUN, ROUNTREE, ZAREMBA A RESOLUTION APPROVING A LEASE AGREEMENT BETWEEN THE CITY OF MERIDIAN (LESSOR) AND AMERICAN HARVEST LLC (LESSEE) FOR APPROXIMATELY 77 ACRES OF FARMLAND BEING HELD FOR A FUTURE PARK SITE LOCATED ON EAST LAKE HAZEL ROAD BETWEEN EAGLE ROAD AND LOCUST GROVE ROAD IN ADA COUNTY IDAHO; AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AND ATTEST SAID AGREEMENT ON BEHALF OF THE CITY OF MERIDL~N; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Meridian has approximately 77 acres of land being held for a future park site located on East Lake Hazel Road between Eagle Road and Locust Grove Road in Ada County; and, WHEREAS, the property is currently outside of Meridian City Limits, is zoned for agricultural use, and is not currently needed for City purposes; and, WHEREAS, Idaho Code 50-1409 requires that any lease of city owned real property be authorized by Resolution of the City Council on such terms as maybe just and equitable. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF MERIDIAN, IDAHO AS FOLLOWS: SECTION 1. The approximately 77 acres of real property described in the lease agreement between American Harvest LLC and the City of Meridian is not currently needed for City purposes. SECTION 2. That the terms of the agreement (attached hereto and incorporated herein) between American Harvest LLC and the City of Meridian aze just and equitable, and the same is hereby approved as to both form and content. SECTION 3. That the Mayor and City Clerk be, and they hereby aze, authorized to respectively execute and attest said Lease Agreement for and on behalf of the City of Meridian. SECTION 4. This Resolution shall be in full force and effect immediately upon its adoption and approval. ADOPTED by the City Council of the City of Meridian, Idaho, this ~ day of 2010. APPROVED by 2010. APPROVED: Mayor T~Crr~fiy de Weerd ~" the Mayor of the City of Meridian, Idaho, this ~ day of \\~~,,~~u u u u ~~,,,~ ®~ ~~ '~, `~ ~ ~`` ~ .~~ `~pRPORq~~0 ~~ ~ ~~~,T.i RESOLUTION FOR LEASE AGF LOCATED ON E. LAKE HAZEL olman, City Clerk .S HELD FOR A FUTURE PARK SITE AND LOCUST GROVE ROAD ~~,,,..... ~ - ,i\e