Statement on Leasehold Taxes 2101 Clinton Lake SRA.pdf

This is a Statement on Leasehold Taxes document issued by the Illinois Department of Natural Resources regarding agricultural land within Clinton Lake State Recreation Area. The statement clarifies the tax status of the property subject to the farm lease opportunity identified as 27AL2101 Clinton Lake State Recreation Area Farm Lease. The document confirms that the land is owned by Exelon Corporation and managed by the Illinois Department of Natural Resources, with the property being exempt from leasehold tax obligations.

The tax exemption applies to the agricultural farming services being solicited through the state's Invitation for Bid process. This exemption status is significant for potential bidders, as it affects the financial structure and tax liabilities associated with the farm lease. The property's dual ownership and management structure—with Exelon as the owner and the Illinois Department of Natural Resources as the managing agency—establishes the framework under which agricultural operations will be conducted on the State Recreation Area property.