Board Bill No. 34 | Session 2016-2017

Recreation Sales Tax Leasehold Revenue Refunding Bonds

BOARD BILL #34 INTRODUCED BY ALDERMAN JOSEPH VACCARO An Ordinance recommended by the Board of Estimate and Apportionment authorizing and directing the St. Louis Municipal Finance Corporation (as further defined herein, the "Corporation") to issue and sell its Recreation Sales Tax Leasehold Revenue Refunding Bonds (City of St. Louis, Missouri, Lessee), Series 2016, in an aggregate principal amount not to exceed $43,000,000 (as further defined herein, the "Series 2016 Bonds") in order to refund all or a portion of its outstanding Recreation Sales Tax Leasehold Revenue Bonds (City of St. Louis, Missouri, Lessee), Series 2007 (as further defined herein, the "Series 2007 Bonds"), all for the general welfare, safety and benefit of the citizens of The City of St. Louis, Missouri (as further defined herein, the "City"); authorizing and directing the Corporation to execute and deliver the Second Supplemental Indenture (as defined herein), any necessary supplement or amendment to the Base Lease or the Lease Purchase Agreement relating to the Leased Property, the Leasehold Deed of Trust, the Tax Compliance Agreement, the Official Statement, the Bond Purchase Agreement, the Continuing Disclosure Agreement, the Escrow Agreement, if any, and the Credit Agreement, if any (all as defined herein); authorizing the City to execute any supplement or amendment to the Base Lease or the Lease Purchase Agreement, the Tax Compliance Agreement, the Continuing Disclosure Agreement, the Escrow Agreement, if any, and the Credit Agreement, if any (all as defined herein); authorizing the Corporation to obtain credit enhancement for the Series 2016 Bonds from a Credit Provider (as defined herein); authorizing the payment of any obligations due to a Credit Provider, if any, and authorizing the Comptroller, and any other appropriate City officials to execute the Credit Agreement and other documents related thereto, if any; authorizing participation of appropriate City officials in preparing the Official Statement; 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 of the Series 2016 Bonds; 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

Legislative History

Overview

Session:2016-2017
Sponsor: Joseph Vaccaro
Co-Sponsors:
Committee: Ways and Means
Actions: 05/20/2016 Third Reading
05/13/2016 Perfection
05/06/2016 Second Reading
04/29/2016 First Reading

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05/20/2016 Final Passage Vote Results

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Ordinance

Effective Date: 07/01/2016
Ordinance #: 70279

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