St. Louis Board of Aldermen Agenda 2026-06-12
City Approves 5-Year Lease with Material Sales Company
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Description
The Board of Aldermen approved the execution of a Second Amendment to the Lease Agreement with Material Sales Company for land and mooring between MacArthur Bridge and Poplar Street Bridge. The lease runs for five years, starting at an annual payment of $17,812.72, increasing by 3% each year.
Contract Details
Contract Amount
$17,812.72 for the first year and increasing by three (3) percent each year thereafter
Vendor
MATERIAL SALES COMPANY
Agency
City of St. Louis, MO
Contract Type
OTHER
Document Date
June 12, 2026
Contract Term
five (5) years
Renewal Date
2031-06-12
Renewal Info
Second lease amendment; previous agreement amended. Term is 5 years with annual 3% rent increases.
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