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Committee advances new lease with Continental Cement Company for river mooring
Summary
Board Bill 146 was advanced with a do-pass recommendation. Port Authority counsel described the measure as a negotiated new lease (not a simple extension) with Continental Cement Company LLC; members asked about a roughly $100,000 difference in rent compared with the prior mooring lease.
The Transportation and Commerce Committee advanced Board Bill 146 by a do-pass recommendation, authorizing a new lease with Continental Cement Company LLC for mooring and related riverfront use.
Port Authority counsel Tom Ray told the committee the arrangement with Continental Cement is a newly negotiated lease rather than a permitted automatic extension because Port…
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