St. Louis Board of Aldermen Agenda 2026-06-05
City Approves Lease with Material Sales Company on Riverfront
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Description
The St. Louis Board of Aldermen approved a five-year lease agreement with Material Sales Company for land and mooring rights between the MacArthur and Poplar Street Bridges, starting at $17,812.72 in the first year with a 3% annual increase.
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
OTHER
Document Date
June 5, 2026
Contract Term
5 years
Renewal Date
2031-06-04
Renewal Info
Second amendment to prior lease. Annual rate increases by 3% each year during the 5-year term.
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