FACILITIESPENDING

Greenbush City Council AgendaPacket 2026-05-19

City Plans Long-Term Golf Course Lease Agreement

$1.00 per year (subject to annual increases not to exceed 5%)HRA Of VILLAGE OF GREENBUSH, MINNESOTAGREENBUSH GOLF ASSOCIATION INCMay 19, 2026

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Description

The City of Greenbush plans to enter into a 25-year lease with Greenbush Golf Association, Inc. for municipal property to operate a golf course, at a nominal rent of $1.00 per year with limited annual increases. The agreement assigns utilities, maintenance, and insurance responsibilities to the Association and provides an option to renew subject to City approval.

Contract Details

Contract Amount

$1.00 per year (subject to annual increases not to exceed 5%)

Vendor

GREENBUSH GOLF ASSOCIATION INC

Agency

HRA Of VILLAGE OF GREENBUSH, MINNESOTA, MN

Contract Type

FACILITIES

Document Date

May 19, 2026

Contract Term

Initial 25-year term from May 2026 to May 2050, with option to renew for an additional term under same terms and conditions subject to Lessor approval

Renewal Date

2050-05-01

Renewal Info

Initial 25-year lease term from May 2026 to May 2050, with an option for the Lessee to renew for an additional term under the same terms and conditions, subject to approval by the City of Greenbush. Lessor may adjust rental fee annually up to a maximum of 5% per year with 60 days notice before each anniversary date.

Issuing Agency