St. Louis Board of Aldermen Minutes Regular Meeting 2026-05-08
City proposes five-year riverfront lease with Material Sales
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Description
The St. Louis Board of Aldermen introduced Board Bill 21 to authorize a Second Amendment Lease Agreement between the City and 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 rent increasing three percent annually.
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 Hospital Laundry Building Tdd, MO
Contract Type
FACILITIES
Document Date
May 8, 2026
Contract Term
Period of five (5) years
Renewal Info
Second Amendment Lease Agreement for a five-year term with rent starting at $17,812.72 in year one and escalating 3% annually; future renewals or extensions are not specified in the minutes.
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