The Petersburg Borough Assembly voted unanimously Monday to extend the Petersburg Economic Development Council’s lease on the community cold storage facility for another five years, while also removing language from the lease that had prohibited seafood processing at the site.
The lease extension runs through January 31, 2031, and maintains the $1-per-year rental rate that the assembly has held steady since the original agreement between PEDC and what was then the city of Petersburg was signed in February 2006. At each five-year interval since, the assembly has kept that rate in place, citing...
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