St. Louis Board of Aldermen Minutes Regular Meeting 2026-05-08
City considers five-year lease with Material Sales Company
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Description
The St. Louis Board of Aldermen introduced Board Bill 21 to approve 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 year one with 3% annual increases and is now before the Transportation and Commerce Committee.
Contract Details
Contract Amount
$17,812.72 for the first year, increasing by 3% each year thereafter
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 to an existing lease under Ordinance 66935; five-year term with 3% annual rent escalator, subject to Board and Mayoral approval.
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