Ordinance 70075

Summary

BOARD BILL # 119 INTRODUCED BY ALDERWOMAN LYDA KREWSON An Ordinance amending Ordinance No. 68572, which ordinance relates to a lease (the “Ground Lease”) between The City of St. Louis, Missouri (the “City”) and the Port Authority Commission of The City of St. Louis (“Port”) for certain land and improvements comprising the Municipal River Terminal (“MRT”) on the North River Front, approved by the Board of Estimate and Apportionment, the Port Commission and the Board of Public Service; authorizing an extension of time to the Ground Lease authorized under said ordinance, and thereby authorizing the execution of a first amendment (the “First Amendment”) to a lease agreement (the “Port Lease Agreement”) in order to extend the term to twenty-five (25) years by and between the Port and SCF Lewis and Clark Terminals, LLC (“SCF”) and approving the form of the Standard Provisions, as modified, attached to said Port Lease Agreement; authorizing other matters with respect thereto, and containing a severability clause.

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