SUBJECT: Approval of a Three-Year Lease Renewal Option for an Agricultural Ground Lease Between the City of Merced and Fagundes Dairy for Use of Approximately Thirty-Five (35) Acres in and Around the Merced Yosemite Regional Airport with Rent Starting at $5,355.00 per Year for a Term of Three (3) Years REPORT IN BRIEF Considers a lease agreement (3-year term) with Fagundes Dairy for use of approximately thirty-five (35) acres located in and around the Merced Yosemite Regional Airport. RECOMMENDATION City Council - Adopt a motion approving the lease agreement between Fagundes Dairy and the City of Merced and authorizing the City Manager or the Deputy City Manager to execute all necessary documents.

Consent Item Passed Introduced June 8, 2022

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: June 8, 2022
On agenda: July 18, 2022
Passed: July 18, 2022