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  5. ›27AL2563 Rock Cut State Park Farm Lease

Awarded contract·Illinois DNR - Natural Resources·Illinois

27AL2563 Rock Cut State Park Farm Lease

$200kSingle Award
Contract source

Description

This solicitation awards a five‑year, revenue‑generating farm lease of approximately 138.1 acres at Rock Cut State Park. The lessee will manage the land for agricultural production, comply with a detailed cropping plan, submit annual chemical, fertilizer, and seed logs, meet soil‑test nutrient targets, and provide required insurance and performance guarantees (letter of credit). The State will award the contract to the highest responsive and responsible bid; no bid or performance bonds are required, but a $15 minority‑contractor fee applies. • Lease term: March 1 2027 – Feb 28 2032 (5 years) • Acreage: 138.1 acres, with annual per‑acre value approx. $286.52 (≈ $39,568 per year) • Mandatory pre‑bid conference: Oct 8 2026 (virtual or onsite) • Required submissions: Vendor disclosures, insurance certificate, lease‑hold tax proof, annual logs, and a letter of credit or cash rent guarantee.

Attached files

Key dates

Bids closed
10/21/2026
Starts
3/1/2027
Ends
2/28/2032Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Agriculture
NAICS
531190
Solicitation №
27-422DNR-REALT-B-54011

Contract value

$200,000

The solicitation states an estimated annual value to the vendor of about $133,924 (2027) and $1,102,484 (2028) for some years, but those figures appear inconsistent. Using the per‑acre estimate of $286.52 for 138.1 acres yields roughly $39,600 per year. Over the five‑year term, the total lease revenue would be about $198,000. Since the award is based on the highest price, bidders may propose higher amounts; a realistic market range for a 5‑year lease of this size in Illinois is $180‑$250 k. Therefore a reasonable ball‑park contract value is approximately $200,000.

AI estimate from the award documents

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