Lease Agreement with the City of St. Louis and SCF Lewis and Clark Terminals LLC
This Board Bill authorizes a new Lease Agreement with the City of St. Louis and SCF Lewis and Clark Terminals LLC, a Delaware limited liability company, for parking and storage and for interior receiving, processing, storing and transloading of cargo and/or as a warehouse or distribution center for products at #5 Clinton Street including land and the warehouse and other improvements for 2 years and 7 months with mutual options of 7 years and two additional 5 years. The lease sets the base rent at $139,260.75 for the first 2 years and then with an escalator of 2% per year.
Board Bill Number: 209
Sponsor: Lisa Middlebrook
Committee: Transportation and Commerce