NOTICE AND CALL FOR BIDS CITY OF BIG STONE CITY

NOTICE AND CALL FOR BIDS

CITY OF BIG STONE CITY

NOTICE IS HEREBY GIVEN

 

that the City of Big Stone City will receive competitive bids for the following farm ground:

Tracts 2, 4, 5 & 6 of the Lakeview

Estates Addition

In SW1/4 Section 8, Township 121 North, Range 46 West of the 5th P.M.,

Big Stone City, Grant County,

South Dakota

containing 45 acres, more or less, of which described premises Lessee agrees to till and put in crops not less than 40 acres each year during the continuance of this Lease.

All bids must be accompanied by a Certified Check, Cashiers Check, or Bank Draft in the amount of five percent (5%) of the total bid.  Said security to be made payable to the City of Big Stone City and to be drawn on a State or National Bank domiciled within the State of South Dakota. Said security will be retained by the City of Big Stone City in the event the successful bidder fails or refuses to enter into a contract when notified of the award. A surety bond in the amount of ten percent (10%) of the total bid may be submitted in lieu of the five percent security.

The successful bidder must farm the land using acceptable farm practices.

The bid is to be made on a "per acre" basis, cash rent for the total acreage (45 acres). The lease will be for the year 2022, with an option to renew for 2023 and 2024, such renewal to be negotiated between the lessee and the City of Big Stone City. 

In the event that all or a portion of the farmland is sold for development purposes during the lease, the lessee agrees to be reimbursed for damages.

Bids will be received up to the hour of 5:00 p.m. on Monday, December 6th, 2021 at the City Offices, 400 Washington Street, Big Stone City, South Dakota and must be clearly marked “Farm Rent Bid.” Bids will be opened at the time of the Council Meeting on December 6th, at 5:30 p.m and considered by the City Council.  

The City of Big Stone City reserves the right to reject any and all bids, and to waive any irregularities.

Maria Loughlin

Finance Officer

November 24                         December 1