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  Item No. 24.       
Meeting Date: 03/11/2021  
COMMITTEE: Legal  
CONTACT: Parker Patterson CHAIR: Judy Stubbs

ACTION REQUESTED:
Consider approval of a grazing lease agreement for the Kerr Ranch with Steve Oldfield. (Stubbs/Verciglio)
BACKGROUND:
Initiated by: Todd Verciglio
 
Steve Oldfield has an existing grazing lease with the City for 3,355 acres known as the Kerr Ranch. The existing lease was signed on December 18, 2015 and will expire April 30, 2021. The term of the new agreement would be 5 years, with one 5 year option to renew. Mr. Oldfield would be permitted to graze between 50 and 63 animals on the property at a time.
FINANCIAL CONSIDERATION
Rent is $8,694.04 annually, payable in a lump sum or in monthly installments, at the City’s option. Rent will be adjusted annually by CPI.
LEGAL REVIEW:
The City Attorney drafted the proposed Lease.
 
Leases and other contractual agreements generally require approval by a majority of the City Council.
BOARD AND COMMITTEE ACTION:
The Legal Committee recommended (3-0) approval at their meeting on February 25, 2021.
STAFF RECOMMENDATION:
Consider approval of a grazing lease agreement for the Kerr Ranch with Steve Oldfield.
Attachments
ATT 1 Kerr Ranch Lease


    

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