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Committee flags Tinseltow lease-buyout paperwork; member favors lump-sum payment over multi-year installment
Real Estate Committee, St. Louis City · December 16, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Committee discussed a Tinseltow lease buyout sent to legal; a member identified a typo in the agreement and calculated that installment options effectively yield about a 5% annual cost, expressing inclination to accept a one-time payment and asking staff to compare fund-balance earnings.
The committee reviewed a Tinseltow lease-buyout item that staff had sent to legal for clarification. A committee member noted an apparent typo in the draft agreement: what the document labeled "option 2" as a…
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