File #: ID 26-4426    Version: 1 Name: Lease with Jingoli Power, LLC
Type: Action Item Status: New Business
File created: 3/19/2026 In control: Board of Commissioners
On agenda: 4/6/2026 Final action:
Title: Lease with Jingoli Power, LLC
Attachments: 1. Lease - Notice of Intended Lease of Ten Years or Less for April 6, 2. Resolution April 6 - final, 3. Lease Proposed - Jingoli Power LLC - Final, 4. Henson Road Easement Survey

 

Meeting Date:                     April 6, 2026

 

Title

Lease with Jingoli Power, LLC

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Summary:

summary

 

Notice has been published that the County intends to enter into a lease with Jingoli Power, LLC for 15 acres of the 103.67-acre parcel owned by Rutherford County known as Henson Road Property. (Address 311 Henson Road, Tax Parcel 1610404).  The proposed lease has a term of 60 months with the option to renew for an additional term of two years with annual rent payments to be $27,000 per month for a total annual rent of $324,000.  A resolution (attached) approving the proposed lease (attached) is presented for the Board’s consideration.

 

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Budget:

 

N/A

 

Contact Information:

 

Richard Williams

828-288-3318

Richard.williams@rutherfordcountync.gov

 

Recommended Motion:

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Approve resolution.