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Committee advances new lease with Continental Cement; questions remain about pricing and bidding rules
Summary
Board Bill 146, a new lease with Continental Cement Company LLC for riverfront mooring and adjacent land, advanced from committee after Port Authority counsel explained the company qualified for a negotiated new lease rather than an open bid. Committee members asked for additional detail on the pricing discrepancy with a nearby mooring lease.
The Transportation and Commerce Committee on Jan. 30 advanced Board Bill 146, which would authorize a new lease with Continental Cement Company LLC for riverfront mooring and adjacent property used for moving concrete over the flood wall.
Port Authority counsel Tom Ray told the committee the arrangement is negotiated as a new lease rather than a simple renewal because the Port Authority is…
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