How to rent a tiller with a small footprint
In the coming weeks, the city of St. Louis will begin a process to lease out more than 2,000 acres of farmland and a few hundred acres of wooded and recreational land that had been used for a landfill.
The land in question, which includes more than 5,000 properties across the city, was leased to a company called the St. Martin Land Company for $500,000.
Its future owners hope to be able to sell the land and sell off parts of the landfill.
The land was originally leased for industrial purposes but, in the 1990s, it was leased for agricultural purposes, and in 2013, it came under the control of a new company, St. Martins Agricultural Group.
It was then leased back to the company in 2017 for $1.5 million, which was not enough to pay off the loan.
In August, the company filed a lawsuit against the city and St. Maarten City Council, alleging the city had violated the lease agreement.
The city, which had already made its plans to sell some of the land available to interested buyers, was also sued.
“There’s a lot of land left, and it’s a shame that we’re going to have to do that and sell it all, because we don’t want to waste it,” said David P. Hirsch, who owns the land in St. Maries and the land on the south side of town.
The city’s decision to sell a large portion of the site and not lease it back to St.
Martin is a stark example of a city trying to balance a need to keep the city clean with a desire to preserve the land, said Michael L. Smith, St Martins city manager.
“The city is trying to maintain that the land is valuable and should be preserved.”
Louis may have the land it needs, it’s not the only city in the state trying to sell land for redevelopment.
St. Charles County, Missouri, has a plan in the works to develop approximately 4,000 square feet of land in the city limits, mostly on the north side of the city.
The county will sell the property at auction, and if the buyer gets a large majority of the bid, the county will pay $400,000 in cash for the land.
In the next six months, the property will be turned over to the county, which plans to develop the property in phases.
St. Louis also has a $1 million loan available for redevelopment of its former landfill, the Great Lakes Superfund site, but the county is still evaluating its options.
While the land can be sold for the money it will be paid for, it may not be possible to sell all the land at once, Smith said.
“The landfill is a valuable asset, but we want to preserve it and we don.
We want to keep it for our citizens and not sell it at auction to a private entity,” he said.
In recent years, St Louis has also sold lots of land for industrial use, but many of those land parcels have been in the form of industrial buildings that have not been redeveloped.
Smith said that St.
Marys city council is reviewing its options and that the county may not have the money to purchase all the remaining land.
St Martins plan is to sell off part of the property, which is near the intersection of East Seventh and E. Washington streets.
The site has been earmarked for development as a public art project and the city is looking for more than 1,000 people to help build the new buildings.
“I’m very excited to get that shovel in the ground,” Smith said, adding that he hopes to have the site ready by next spring.
Smith added that the council has also been considering an option to lease some of its land to a nonprofit organization that is trying out a pilot program in which people pay a fee to rent land to local businesses and residents.
He said that he does not know if that plan will be finalized.
“We’ve got a long way to go, and I hope to get a lot more people involved in the process,” Smith added.