Title
Lease Agreement with William and Sheree Kennedy for County owned land in Mulvane, Kansas.
Body
Recommended Action: Approve the lease and authorize the Chairman to sign.
Between the years 1996 and 2002, Sedgwick County purchased several parcels of flood damaged land utilizing funds made available from the Flood Disaster Protection Act of 1973. In accordance with these purchases, the buildings on the land were demolished and the land has been converted to perpetual open space. The covenants associated with this land require that it stay in public ownership, but allows the land to be used for open space, recreational, or wetland management purposes as long as no structures are erected. Recently there have been citizen inquiries about leasing this land from Sedgwick County for stated purposes.
This lease consists of 4.04 acres to be leased at an annual rate of $73. The land will be removed from tax exempt status and be subject to property taxes, paid for by the tenant. The term of this lease shall commence November 1, 2016 and terminate on October 31, 2017. Provided that no terms or conditions of this lease have been violated, the lease will automatically renew, for successive one year terms for a total of five years. This lease incorporates all the covenant commitments from the original FEMA purchase. The lessee is required to carry Farm Package liability insurance in an amount of not less than $500,000 per occurrence listing Sedgwick County as additionally insured.
Alternatives: The County Commission could choose not to approve this lease, in which case the land would remain unused unless another method of leasing the property is found.
Financial Considerations: Revenue from this lease will be placed in the County general fund.
Legal Considerations: The authority for this action is K.S.A. 19-101, et seq. A simple majority vote is required.
Policy Considerations: Approval of this lease follows established County policies.