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City committee approves 10-year ground lease to consolidate Rust Belt Riders composting at East 70th
Summary
The committee approved an emergency ordinance allowing the city to enter a 10-year ground lease with Rust Belt Riders to operate a consolidated composting and retail site at 3270 East 70th Street, with two 10-year renewal options. The social enterprise says the site will reduce hauling costs and expand resident access to food-scrap drop-offs.
The Municipal Service and Properties Committee on Feb. 3 approved an emergency ordinance authorizing the director of public works and economic development to enter a ground lease with Rust Belt Riders Composting LLC for property at 3270 East 70 Ninth Street for 10 years, with two 10-year options to renew.
The agreement would let Rust Belt Riders consolidate its composting operations, add an on-site retail outlet for soil products and increase regional processing capacity for food waste. Natalie Longa, chief financial officer and a worker owner at Rust Belt Riders, told the committee the organization “currently employ[s] 33 people, have 15 worker owners, offer a starting wage of more than $20 an hour, offer health insurance to all employees who work more than 30 hours per week, and every employee is eligible for worker ownership.”
The ordinance is aimed at reducing the company’s operating costs and creating local jobs. Longa said the organization now ships material through multiple transfer and…
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