Board Bill Number 51 In Session 2006-2007

Summary

An ordinance recommended by the Board of Estimate and Apportionment authorizing and directing the Mayor, the Comptroller and any other appropriate officials on behalf of the City of St. Louis, Missouri ("the City") to enter into a Offer to Purchase Real Property and Acceptance and Lease for Real Property with the United States of America ("GSA") acceptable to the parties herein authorized relating to the a building at 1520 Market Streets, St. Louis, MO 63103 ("Abram Building"); authorizing and directing the Mayor, the Comptroller and any other appropriate officials on behalf of the City to enter a Lease for Parking Lots for ninety-nine (99) years for surface parking lots currently leased—the first comprised of approximately 31,760 square feet to the west of a building at Tucker Blvd. and Spruce St., St. Louis, MO 63103 ("RAY Building") and the second comprised of approximately 97,632 square feet to the south of the RAY Building—and repealing Ordinance Nos. 61979 and 65511, which authorized the current leases; appropriating the sum of Three Million and Fifty Thousand Dollars ($3,050,000.00) from the City's General Fund, Fund Balance; directing, notwithstanding Ordinance 60419, that the proceeds from the sale of 634 North Grand be deposited in the City's General Fund, Fund Balance to replace the above appropriation; authorizing and directing the Mayor, the Comptroller and any other appropriate officials on behalf of the City to execute and deliver documents and instruments related thereto; authorizing the taking of other actions and the approval and execution of other documents as necessary or desirable to carry out and comply with the intent hereof; and containing an emergency clause.

Download