Cash Farm Lease Abernathy Site

The City of Lubbock, Texas is seeking bids for a cash farm lease of approximately 375 acres of tillable land located in Section 1, Block P, Lubbock County, Texas. The successful bidder will be responsible for preparing, planting, and cultivating the land in a farmer-like manner, as well as keeping down all noxious weeds and grasses. The lease term is for four one-year terms, with the rent increasing 2% for each one-year extension. The bid is due on March 27, 2024 by 3:00 PM. The City reserves the right to award the contract to the lowest responsible bidder or the bidder who provides the best value, taking into consideration factors such as the purchase price, the bidder's reputation and past performance, and the quality and extent to which the goods or services meet the City's needs.

The contract is a cash lease, and the City is exempt from federal excise, state sales, and transportation taxes. The City reserves the right to increase, decrease or delete any or all items. The successful bidder will be required to maintain insurance coverage as specified in the Invitation to Bid (ITB). The City also reserves the right to periodically send soil samples to another laboratory for quality control purposes. The ITB does not mention any set-aside designations or restrictions on the types of organizations that can respond, nor does it list any incumbent vendors or current contractors.