09.01 - Farm Lease Agreement - Laserfiche WebLink

Home Browse Search

2005 FARM LEASE AGREEMENT THIS AGREEMENT,made and entered into this day of , 2004, by and between the City of Pequot Lakes, hereinafter referred to as the "City" and Bill Tulenchik hereinafter referred to as "Tulenchik." Witnesseth, that said City, in consideration of the rents and covenants hereinafter mentioned to be paid and performed by Tulenchik, does hereby demise, lease, and let unto Tulenchik, and Tulenchik does hereby hire and take from the City the following described premise situated in the County of Crow Wing, State of Minnesota, to wit: 1. Description of Irrigated Property. The Property is legally described as follows: All that part of the Northwest quarter of the North 200 feet of the Southwest quarter of Section 23, Township 136 North, Range 29 West, Crow Wing County, MN lying East of the East right-of-way of the Minnesota Department of Natural Resources Paul Bunyan Trail. AND ALSO all that part of the West 100 feet of the Northwest quarter of the Northeast quarter of Section 23, Township 136 North, Range 29 West, Crow Wing County, MN. That said 105 acres may change from time to time over the course of this agreement as the City and Tulenchik may agree. 2. Description of Non-Irrigated Property. The above described includes 42 acres not being irrigated. 3. Term of Lease. This lease is for a term of two years beginning January 1, 2004 and ending December 31, 2005. Tulenchik shall be given the first right of refusal on the renewal of this contract at the end of the lease period on December 31, 2005. 4. Rent. Tulenchik shall pay to the City the sum of Three Thousand Dollars ($3,000) due on January 1, 2004, and January 1, 2005, for rent. 5. Crops and Condition of Lease. Tulenchik agrees to plant crops on the above described property. However, Tulenchik shall not plant or grow crops which need Nitrogen fertilizer. The soil shall be sampled annually and tested for nitrogen, phosphorus, and pot ash. Tulenchik is aware of, and will comply with Minnesota Pollution Control Agency (MPCA) Guidelines for spray irrigation sites, and the City retains the right to spray in the fall when needed from their sewage effluent plant. 6. Insurance. The City shall obtain and hold in effect an insurance policy covering damages and theft to the Center Pivot Irrigation System. Tulenchik shall obtain and hold in effect an insurance policy covering any damages or bodily injury he may cause.