Lease Agreement between the City of St. Louis and Grossman Century Company
This Board Bill authorizes a Consent to Assignment which assigns an existing Lease Agreement between the City of St. Louis and Grossman Century Company f/k/a Grossman Iron and Steel Company (“Assignor”), a Missouri company, to Advantage Metals Recycling LLC (“Assignee”), a Delaware limited liability company, for certain land at or near 21-99 and 14 North Market at 2226 North First Street in the City for a period of ten (10) years which began on December 1, 2021 with three (3) five (5) year mutual options for the purpose of providing a turning radius to access Assignor’s adjacent facilities, parking of Assignor’s trucks, vehicles and trailers, and storage at an annual base rent of $23,856.00 per year, escalating by 2 percent per year thereafter for the first ten (10) years.
Legislative activities and outcomes for this board bill. Learn more about what these activities mean.
Bill text was introduced (1.56 MB PDF).02/18/2022
Referred to a Committee
The bill was assigned to the Transportation and Commerce Committee.02/24/2022
The bill was passed out of committee with a recommendation of do pass during the Transportation and Commerce Committee hearing.02/25/2022
The bill was passed.03/11/2022
The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.03/11/2022
The bill was passed.03/14/2022Feedback is anonymous.
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