Board Bill Number 110 In Session 2018-2019

GENERAL OBLIGATION BONDS, SERIES 2018

Summary

AN ORDINANCE RECOMMENDED BY THE BOARD OF ESTIMATE AND APPORTIONMENT AUTHORIZING THE ISSUANCE AND DELIVERY OF NOT TO EXCEED FIFTY MILLION DOLLARS ($50,000,000) PRINCIPAL AMOUNT OF GENERAL OBLIGATION BONDS, SERIES 2018, OF THE CITY OF ST. LOUIS, MISSOURI, FOR THE PURPOSES OF PAYING THE COSTS OF THE PROJECT (AS DEFINED HEREIN) AND THE COSTS OF ISSUANCE OF SUCH BONDS, ALL FOR THE GENERAL WELFARE, SAFETY, AND BENEFIT OF THE CITIZENS OF THE CITY OF ST. LOUIS, MISSOURI; AUTHORIZING THE PREPARATION, EXECUTION AND DISTRIBUTION OF THE PRELIMINARY OFFICIAL STATEMENT AND THE OFFICIAL STATEMENT, AND THE PREPARATION, EXECUTION AND DELIVERY OF THE BOND PURCHASE AGREEMENT, THE CONTINUING DISCLOSURE AGREEMENT AND THE TAX COMPLIANCE CERTIFICATE, AND OTHER MATTERS WITH RESPECT THERETO; AUTHORIZING THE NEGOTIATION AND PURCHASE OF BOND INSURANCE, IF ANY, AND THE APPROVAL AND EXECUTION OF DOCUMENTS NECESSARY TO COMPLY WITH THE DUTIES OF THE CITY OF ST. LOUIS, MISSOURI UNDER ANY AGREEMENT FOR BOND INSURANCE; PROVIDING FOR THE LEVY AND COLLECTION OF AN ANNUAL TAX FOR THE PURPOSE OF PAYING THE PRINCIPAL OF AND INTEREST ON SUCH BONDS AS THEY BECOME DUE; AUTHORIZING THE TAKING OF OTHER ACTIONS AND APPROVAL AND EXECUTION OF OTHER DOCUMENTS AS NECESSARY AND DESIRABLE TO CARRY OUT AND COMPLY WITH THE INTENT HEREOF; SUPERSEDING PROVISIONS OF PRIOR ORDINANCES OF THE CITY TO THE EXTENT INCONSISTENT WITH THE TERMS HEREOF; CONTAINING A SEVERABILITY CLAUSE; AND CONTAINING AN EMERGENCY CLAUSE.

Download

Overview

Session: 2018-2019

Primary Sponsors: Frank Williamson

Ordinance: 70823 effective 10/11/2018

Committee: Ways and Means

Co-Sponsors:

Tom Oldenburg

Legislative History

Legislative activities for this board bill. Learn more about what these activities mean.

  • 09/14/2018

    First Reading

  • 09/21/2018

    Second Reading

  • 09/28/2018

    Perfection

  • 10/05/2018

    Third Reading

Votes

10/05/2018 Vote Results

Aye Votes 24
No Votes 0
Final Passage Vote

View vote details

Ordinance

Ordinance Number: 70823

Effective Date: 10/11/2018

Was this page helpful?      



Comments are helpful!
500 character limit

Feedback is anonymous.

5 comments from people like you have helped us improve this page. Keep the feedback coming!