HomeMy Public PortalAbout06276 O R D I N A N C E NO. 6276
AN ORDINANCE, authorizing and directing the Executive
Director and Secretary-Treasurer to lease the riverfront rights
upon certain real property of The Metropolitan St. Louis Sewer
District, lying in St. Louis County, Missouri, to Eagle Marine
Industries, Inc., and to execute a Leasehold Agreement upon the
conditions hereinafter set out.
WHEREAS, the District owns certain improved real
property in St. Louis County incident to its public functions and
responsibilities, and
WHEREAS, Eagle Marine Industries, Inc. is desirous of
leasing the riverfront rights on said real property upon the terms
and conditions as hereafter generally set forth, and
WHEREAS, the District is willing to execute said lease,
and believes the terms to be advantageous and in the public
interest to do so.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The Metropolitan St. Louis Sewer
District does hereby lease to the Eagle Marine Industries, Inc.,
upon the general terms and conditions hereinafter set forth,
riverfront rights upon the following described real property: A certain tract of land on the waterfront of the Mississippi River in U.S. Survey 904, Township 44 North, Range 7 East, St. Louis County, Missouri, conveyed to Lessor and more particularly described in an instrument recorded in Book 6350, Page 152 of the St. Louis County Records.
Section Two. The lease term shall commence on January
1, 1986, and continue for five (5) years to December 31, 1990, at
the rental of Fourteen Thousand Sixty-two and 50/100 Dollars
($14,062.50) per year, to be paid in monthly installments of One
Thousand One Hundred Seventy-one and 88/100 Dollars ($1,171.88)
each.
Section Three. The Executive Director and Secretary-
Treasurer are hereby authorized and directed to execute in behalf
of the District a Leasehold Agreement giving effect to Sections
One and Two hereof, and embodying such other terms and conditions
as approved by the Assistant Executive Director and General
Counsel. The foregoing Ordinance was adopted December 18, 1985.