Lease Agreement with the City of St. Louis and S. I. Warehousing Co., Inc. near Barton Street
This Board Bill repeals Ordinance Nos. 68294 and 67089 which authorizes a new Lease Agreement with the City of St. Louis and S. I. Warehousing Co., Inc., a Missouri Corporation, for anchorage and mooring for barges and other vessels at or near Barton Street for ten (10) years with two (2) five (5) year and one (1) four (4) year mutual options. The lease sets the base rent at $30,150.00 (increased at 2% per year for years one through ten) for parcel A-1 because it is a new lease and $20,250.00 (adjusted per Ordinance No. 57933) for parcel A-2 because there are 11 years remaining on the terminated lease.
Board Bill Number: 144
Sponsor: Marlene E Davis
Committee: Transportation and Commerce