Ordinance 71342

Lease Agreement with the City of St. Louis and SCF Lewis and Clark Terminals LLC

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Summary

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.

Overview

Session: 2020-2021

Board Bill Number: 209

Sponsor: Lisa Middlebrook

Committee: Transportation and Commerce

Effective: 06/07/2021

Legislative History

  • 01/08/2021

    First Reading

  • 01/29/2021

    Second Reading

  • 02/05/2021

    Perfection

  • 04/19/2021

    Third Reading

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