Ordinance 71237

Lease agreement with the City of St. Louis and Terminal Railroad Association

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Ordinance

This Board Bill amends Ordinance No. 68573 which authorized a lease agreement with the City of St. Louis and Terminal Railroad Association, an Illinois corporation, approving a First Amendment to Lease Agreement for certain lands at or near Madison Street to the north and Mound Street to the south for five (5) years with two (2) five (5) year options. The lease sets the rent at $53,895.00 annually and increases the same from originally $27,604.76 and currently $32,862.81.

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Legislative History

Session: 2020-2021
Board Bill Number: 121
Primary Sponsor: Lisa Middlebrook
Co-Sponsors:
Committee: Transportation and Commerce
First Reading: 09/25/2020
Second Reading: 10/02/2020
Perfection: 10/09/2020
Third Reading: 10/23/2020
Effective Date: 12/10/2020

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