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City of Hillsboro Agenda Packet 2026-06-16

Land Bank Lease Proposed with Farmer Samuel Kauffman

$44.00 per acre; $176.00 annually, paid as $88.00 on December 1 and $88.00 on June 1Hillsboro Housing AuthorityKAUFFMAN, SAMUELJune 16, 2026

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Description

The Hillsboro Land Bank Board was advised to approve a three-year agricultural lease with Samuel Kauffman for about four acres in Willow Glen Addition at $176 per year, with future rent tied to Kansas State University’s estimated cash rent rates. The lease includes an option for continuation and allows early termination if the land is needed for development.

Contract Details

Contract Amount

$44.00 per acre; $176.00 annually, paid as $88.00 on December 1 and $88.00 on June 1

Vendor

KAUFFMAN, SAMUEL

Agency

Hillsboro Housing Authority, KS

Contract Type

OTHER

Document Date

June 16, 2026

Contract Term

Three (3) years from execution date, with negotiable option thereafter

Renewal Info

Lease runs three years with a negotiable option thereafter; annual rent per acre after the first year is adjusted to Kansas State University’s estimated cash rent rate for non-irrigated cropland in Marion County; any renewal must be in writing.

Issuing Agency