1520 Market Street-City Hall West

Abram Building debt info

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1520 Market Street-City Hall West Leasehold Revenue Bonds

Important Note: All of the information set forth below is historical and subject to change. The 1520 Market Street-City Hall West Bonds were sold via private placement and without official statement.

Project Description:
The 1520 Market Street-City Hall West Bonds were issued to fund and reimburse The City of St. Louis (the "City") for the purchase of the Abram Building, located at 1520 Market Street. The Abram Building was purchased to house various City departments and is now known as "City Hall West." The 1520 Market St. Bonds were issued to fund various capital improvements and equipment purchases for City Hall West.

Bondholder Security:
The City Hall West Bonds are special obligations of the St. Louis Municipal Finance Corporation (the "Corporation"), payable solely out of rental and additional rental payments derived by the Corporation from leasing City Hall West the City. The City has covenanted to pay rental and additional rental payments at such times and in such amounts as are necessary to prevent default in the payment of principal or premium, if any, and interest on the City Hall West Bonds. The City's obligation to make such payments is subject to annual appropriation by the City. If the City fails to budget and appropriate funds for payments in any fiscal year, the lease will terminate at the end of the fiscal year for which funds have been appropriated and the City will be required to vacate the property.

Bonds Outstanding:
There is currently outstanding the following two (3) series of City Hall West Bonds with an aggregate principal amount of $9,826,357 as follows: 

Issuer

Series

New Money / Refunding

Par Outstanding

Final Maturity

St. Louis Municipal Finance Corporation

2007

New Money

$1,794,106

June 1, 2017

St. Louis Municipal Finance Corporation

2011 A

New Money

$4,036,471

June 1, 2021

St. Louis Municipal Finance Corporation  2011 B  New Money  $3,995,781  June 1, 2021
                                                             
      

For Debt Service on Outstanding Bonds as of June 30, 2013 please click here.




Official Statements:
Series 
2007 These bonds were privately placed and there is no official statement.
2011 These bonds were privately placed and there is no official statement.

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