Description
The Illinois Department of Natural Resources is offering a competitive Invitation for Bid to lease approximately 203.20 acres of land within Pyramid State Park – Captain Unit for agricultural purposes. The lease is structured as a five‑year, firm‑price arrangement (2027‑2032) with annual lease payments due either by pre‑payment or irrevocable letter of credit. The lessee must manage all farming operations, maintain fences and water facilities, comply with strict environmental and chemical use restrictions, submit detailed annual reports (chemical, fertilizer, seed logs), and pay all lease‑hold property taxes. The contract prohibits subcontracting, double‑cropping, and the use of certain pesticides, and includes provisions for in‑kind services up to 10 % of lease value.
• Lease of 203.20 acres for five fiscal years (2027‑2031) with a firm price per acre.
• Mandatory pre‑bid conference on Oct 13, 2026 and required compliance with extensive reporting, soil‑testing, and insurance obligations.
• No subcontracting allowed; all labor, equipment, seed, fertilizer, and chemical applications must be performed by the lessee.
• Annual lease payments must be secured via cash pre‑payment or an irrevocable Letter of Credit, with strict deadlines for tax and insurance documentation.