Carnahan Courthouse

Carnahan Courthouse debt info

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Carnahan Courthouse Revenue Bonds

Important Note: All of the information set forth below is historical and subject to change. Investors must read the entire final official statement ("OS"), as well as any updated information regarding these bonds made available by the City of St. Louis (the "City")at the Municipal Securities Rulemaking Board's Electronic Municipal Market Access ("EMMA") website www.emma.msrb.org, to obtain the information essential to the making of an informed investment decision.

Project
Description:
The Carnahan Courthouse is the former federal courthouse building located at 1100-1114 Market Street in St. Louis. The Carnahan Courthouse provides office space and facilities for the Twenty-Second Judicial Circuit Court of Missouri. Additionally, the Carnahan Courthouse provides office space for the City of St. Louis Sheriff's Department, the City of St. Louis Circuit Attorney, the City of St. Louis Circuit Clerk, the City of St. Louis Public Defender, the City of St. Louis Personnel Department, the City of St. Louis Internal Audit Department, and other City offices. 

The Carnahan Courthouse Bonds have provided financing for the renovation of the Carnahan Courthouse. The renovation consists of improvements to the roof and mechanical, electrical, safety, and other systems which allow the building to function in a safe and efficient manner. The Carnahan Courthouse renovation is designed to meet standards established by the City and its various governing codes, to respond to the aesthetic demands of its prominent location, and to provide a civic presence appropriate to the institution of City government.                        

Bondholder Security:
The Carnahan Courthouse Bonds are special obligations of the St. Louis Municipal Finance Corporation (the "Corporation"), payable solely out of the rental and additional rental payments derived by the Corporation from leasing the Carnahan Courthouse to the City. The City has covenanted, subject to annual appropriation, 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 Carnahan Courthouse Bonds. The City's payments are 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.

For a more detailed description of the security for the Carnahan Courthouse Bonds, please refer to the Official Statement (link provided below) and to www.emma.msrb.org for any Continuing Disclosure Updates and Material Event Filings.

Bonds Outstanding:
There is currently outstanding the following one (1) series of Carnahan Courthouse Bonds with an aggregate principal amount of $23,205,000 as follows:

Issuer

Series

New Money / Refunding

Par Outstanding

Final Maturity

St. Louis Municipal Finance Corporation

2006A

Refunding

$23,205,000

February 15, 2027



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

 

 

Official Statements:
Series
2006A    

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