Board Bill Number 266 | Session 2015-2016

Amendment QECB Bonds

Summary

BOARD BILL NO. 266 INTRODUCED BY ALDERMAN JOSEPH VACCARO An Ordinance recommended by the Board of Estimate and Apportionment amending and supplementing Ordinance No. 69893 which, among other things, establishes a green community program for the purpose of making low-interest loans for residential energy efficiency projects and public building energy conservation projects and to authorize the St. Louis Municipal Finance Corporation (as further defined herein, the "Corporation") to sell one or more series of energy conservation bonds on behalf of The City of St. Louis, Missouri (the "City") in an aggregate principal amount not to exceed $4,550,000 (as further defined herein, the "Series 2016B Bonds," and the "Series 2016C Bonds," if issued) in order to finance public building energy conservation projects and the low-interest loan green community program (as further defined herein, the "Series 2016B Projects"), and additional program and financing costs all for the general welfare, safety and benefit of the citizens of the City, authorizing and directing the officers of the Corporation to execute and deliver the Indenture, the Second Supplemental Lease Agreement, the Program Compliance Agreement, the Offering Document, the Bond Purchase Agreement, and the Credit Agreement, if any (all as defined herein, the "Corporation Documents"); authorizing the obtaining of credit enhancement for the Series 2016B Bonds and Series 2016C Bonds, if issued, from a Credit Provider; authorizing the payment of any obligations due to a Credit Provider, if any, and authorizing the Mayor, the Comptroller and any other appropriate City officials to execute the Second Supplemental Lease Agreement, the Program Compliance Agreement, the Continuing Disclosure Agreement, the Offering Document, the Bond Purchase Agreement, and the Credit Agreement, if any (all as defined herein, the "City Documents"); authorizing participation of appropriate City officials in preparing a disclosure document in the form of either an Official Statement or Private Placement Memorandum (as further defined herein, the "Offering Document"), if any; authorizing the acceptance of the terms of the Bond Purchase Agreement and the taking of further actions with respect thereto; authorizing the payment of certain costs of issuance, green community program expenses and/or reimbursement of City general fund expenses in connection with the Series 2016B Bonds and Series 2016C Bonds, if issued; authorizing and directing the taking of other actions and approval and execution of other documents as necessary or 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; and containing an emergency clause.

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Overview

Session: 2015-2016

Sponsor: Joseph Vaccaro

Ordinance: 70199 effective 02/03/2016

Committee: Ways and Means

Legislative History

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

  • 01/08/2016

    First Reading

  • 01/22/2016

    Second Reading

  • 01/26/2016

    Perfection

  • 01/29/2016

    Third Reading

01/29/2016 Final Passage Vote Results

Aye Votes
23
Nay Votes
0
Vote Totals

View vote details

Ordinance

Ordinance Number: 70199

Effective Date: 02/03/2016

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