|
||||
|
Date
|
June 18, 2007
|
||
|
Agenda
Item No. 40 Roll
Call No. 07- Communication No. 07-383 Submitted by: Donald
M. Tripp, Park and Recreation Director |
||||
AGENDA HEADING:
Approving a cash farm lease with
Robert Campfield for 166 Acres in the
SYNOPSIS:
Recommend approval to execute a cash farm lease with
Robert Campfield of
FISCAL IMPACT:
Amount: $ 19,297.50
Funding
Source: N/A.
ADDITIONAL INFORMATION:
On December 6,
1999, Council entered into an Intergovernmental 28E Agreement with the Des
Moines Water Works for the purchase of an approximately 166-acre parcel owned
by the Archer Daniels Midland Company (ADM) of
On April 17,
2000, Council entered into a cash farm lease of 166 acres of land located at
the southwest corner of
On January 22,
2007, Council entered into an urban renewal agreement with Vision Fuels Des
Moines, LLC for the sale of 129 acres of the above-referenced 166-acre
parcel. Vision Fuels plans to construct
a minimum 110-million gallon, dry mill fuel ethanol production facility on this
site. It is currently completing its
business plan and obtaining financing.
It also plans to propose to Council acquisition of the entire 166-acre
site in summer/fall 2007.
In June 2007,
Dan Cornelison, President of Vision Fuels, stated that the company does not
anticipate developing the site until November 2007. The City decided to pursue
an opportunity to generate revenue through a farm lease for the property. Mr. Cornelison
agrees that the land should be farmed.
If Vision Fuels needs the land sooner, it will pay the farmer directly
for any loss of profits related to harvesting the crop before maturity.
PREVIOUS COUNCIL ACTION(S):
Date: January 22, 2007
Roll Call Number: 07-145
Action: On
Urban Renewal Agreement for sale of land for private redevelopment with Vision
Fuels Des Moines, L.L.C. (Council
Communication No. 07-044) Moved by Meyer to
adopt. Motion Carried 7-0.
Date: April 17, 2000
Roll Call Number: 00-1070
Action: Cash Farm
Lease with Ken Murrow for approximately 166 acres located in the Southeast
Agribusiness Urban Renewal Area at SE 43rd St. and Vandalia Road, for a period
not to exceed three years. (Council
Communication No. 00-142) Moved by
Vlassis to adopt. Motion Carried 7-0.
Date: December 6, 1999
Roll Call Number: 99-3719
Action:
Intergovernmental 28E Agreement with Des Moines Water Works for purchase
of approximately 166 acres. Moved by
Brooks to adopt. Motion Carried 5-2. Absent: Daniels and McPherson.
BOARD AND COMMISSION ACTION(S): NONE
ANTICIPATED ACTIONS AND FUTURE COMMITMENTS: NONE