Airport Pasture 3 Year Lease

The City of Mitchell is soliciting sealed bids to lease approximately 20 acres of pasture land located on the Mitchell Municipal Airport for a three‑year term. The lease requires an annual cash rent payable by April 15 of each lease year (2027‑2029) and obligates the lessee to maintain the land, keep it weed‑free, insure the property, and comply with FAA regulations. The lease is non‑renewable without written amendment and may be terminated early for non‑payment or breach of terms. • Lease term: 3 years (March 1 2026 – Feb 28 2030) • Size: ~20 acres of pasture (triangular tract) • Annual rent due by April 15 each year (2027‑2029) – amount not pre‑specified • Required insurance: $300,000 aggregate liability, Lessor named as additional insured • Use restriction: pasture only; no structures or equipment within 2,000 ft of runway • Bids sealed, due Sep 29 2026 1:30 PM at City Hall, Finance Officer • Contact: Joe Schroeder, Public Works Director/City Engineer (605‑995‑8435)