Board Bill Number 274 In Session 2015-2016
Transferring funds to Airport Revenue Fund
Summary
BOARD BILL: #274 INTRODUCED BY ALDERWOMAN LYDA KREWSON An ordinance recommended and approved by the Airport Commission, the Comptroller and the Board of Estimate and Apportionment, making certain findings with respect to the transfer of up to Thirteen Million Seven Hundred Twenty-Seven Thousand Seven Hundred Sixty-Nine Dollars ($13,727,769) of excess moneys that The City of St. Louis (the "City"), the owner and operator of Lambert-St. Louis International Airport® (the "Airport"), intends to transfer from the Debt Service Stabilization Fund (the "DSSF") to the Airport Revenue Fund (the "Revenue Fund") in accordance with Section 516.B of the Lambert-St. Louis International Airport Indenture of Trust between the City, as Grantor, and UMB Bank, N.A., as Trustee, dated as of October 15, 1984, as amended and restated as of July 1, 2009, as amended and supplemented (the "Indenture"); authorizing a transfer in an amount not to exceed Thirteen Million Seven Hundred Twenty-Seven Thousand Seven Hundred Sixty-Nine Dollars ($13,727,769) from the DSSF into the Revenue Fund during the fiscal year beginning July 1, 2015, to be used to make funds available to mitigate rates on an annual basis during the term of the Airport Use and Lease Agreement commencing July 1, 2011; containing a severability clause; and containing an emergency clause.
Download
- Introduced (27.31 KB PDF)
Overview
Session: 2015-2016
Primary Sponsors: Lyda Krewson
Ordinance: 70231 effective 03/02/2016
Committee: Transportation and Commerce
Legislative History
Legislative activities for this board bill. Learn more about what these activities mean.
-
01/15/2016
First Reading
-
02/19/2016
Second Reading
-
02/26/2016
Perfection
-
03/04/2016
Third Reading
Votes
03/04/2016 Vote Results
Ordinance
Ordinance Number: 70231
Effective Date: 03/02/2016
5 comments from people like you have helped us improve this page. Keep the feedback coming!