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Committee approves 10-year riverfront mooring lease to SCF Fleeting LLC
Summary
The Transportation and Commerce Committee voted to advance Board Bill 145, authorizing a 10-year lease of roughly 1,600 linear feet of Mississippi River mooring to SCF Fleeting LLC, with an initial annual rent of $125,000 and annual 3% increases; Port Authority counsel said SCF was the sole bidder.
The St. Louis Board of AldermenTransportation and Commerce Committee voted to advance Board Bill 145, authorizing the City to enter a 10-year lease with SCF Fleeting LLC for about 1,600 linear feet of mooring along the Mississippi River at the near North Riverfront.
The bill summary read into the record says the lease starts at $125,000 for the first year and increases by 3% each year, with three mutual options to extend for five additional years. Tom Ray, an attorney…
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