Board Bill No. 185 | Session 2016-2017

Authorizing transfer from Airport's Debt Service Stabilization Fund

BOARD BILL NO. 185 INTRODUCED BY ALDERWOMAN LYDA KREWSON An Ordinance recommended and approved by the Airport Commission and the Board of Estimate and Apportionment making certain findings with respect to the transfer of up to One Million Three Hundred Thousand Dollars ($1,300,000) of excess moneys that the City of St. Louis ("City") , the owner and operator of Lambert-St. Louis International Airport® ("Airport"), intends to transfer from the Debt Service Stabilization Fund ("DSSF") 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 ("Indenture"), to the "Annual Budget" (established under authority of Ordinance No. 70272 approved June 30, 2016 for the fiscal year beginning July 1, 2016 and ending June 30, 2017), for current expenses of the government as detailed in EXHIBIT "1", which is attached hereto and incorporated herein; containing a severability clause; and an emergency clause.

Legislative History

Overview

Session:2016-2017
Sponsor: Lyda Krewson
Co-Sponsors:
Committee: Transportation and Commerce
Actions: 12/09/2016 Third Reading
12/02/2016 Perfection
11/18/2016 Second Reading
11/10/2016 First Reading

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12/09/2016 Final Passage Vote Results

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Ordinance

Effective Date: 12/19/2016
Ordinance #: 70409

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