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FACILITIESPENDING

St. Louis Board of Aldermen Minutes Regular Meeting 2026-05-08

City considers five-year lease with Material Sales Company

$17,812.72 for the first year, increasing by 3% annually over 5 yearsCity of St. LouisMATERIAL SALES COMPANYMay 8, 2026

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Description

The St. Louis Board of Aldermen introduced Board Bill 21 to authorize a Second Amendment Lease Agreement with Material Sales Company for riverfront land and mooring between the MacArthur and Poplar Street bridges. The proposed five‑year lease starts at $17,812.72 in the first year with a 3 percent annual increase and has been referred to the Transportation and Commerce Committee.

Contract Details

Contract Amount

$17,812.72 for the first year, increasing by 3% annually over 5 years

Vendor

MATERIAL SALES COMPANY

Agency

City of St. Louis, MO

Contract Type

FACILITIES

Document Date

May 8, 2026

Contract Term

5 years

Renewal Info

Second Amendment Lease Agreement for a new five‑year term with annual rent escalated by 3%; additional renewal options are not specified in the minutes.

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