il_dnr_sangchris-lake_2217.xlsx

This is a financial summary spreadsheet prepared by the Illinois Department of Natural Resources for an agricultural farm lease opportunity at Sangchris Lake State Park. The document outlines the bidding process for farming services on state-owned property, including detailed acreage allocations across multiple parcels and anticipated rental income projections. The spreadsheet identifies specific field locations within the park designated for agricultural use, with corresponding acreage measurements and estimated annual lease values based on comparable market rates. The document provides a structured financial framework for evaluating bids and establishing baseline expectations for lease terms, serving as the financial foundation for the invitation for bid process. The spreadsheet includes line-item calculations that break down the total acreage available for lease and projects potential revenue streams from competitive bidding.

The pricing analysis presented in the spreadsheet establishes fair market value estimates for the agricultural lease opportunity, enabling the state to establish appropriate minimum bid thresholds and evaluate competitive proposals fairly. The document references market-based rental rates for agricultural land in the region and applies these rates to the specific acreage available at Sangchris Lake State Park. The financial summary serves as a baseline tool for the state agency to assess bid competitiveness and ensure the lease generates appropriate returns for the state property. Any additional funding sources or specific revenue allocation instructions would be detailed in the corresponding Invitation for Bid document, with this spreadsheet functioning as the supporting financial analysis for that procurement notice.