Board Bill Number 250 | Session 2016-2017

Loughborough Commons TIF Refunding

Summary

BOARD BILL # 250 INTRODUCED BY ALDERMAN THOMAS VILLA An Ordinance relating to the I-55/Loughborough Redevelopment Project authorizing and directing the Mayor and Comptroller of The City of St. Louis, Missouri (the "City") to execute a First Supplemental Financing Agreement (defined herein), which supplements and amends that certain Financing Agreement (defined herein), by and among the City, the Industrial Development Authority of the City of St. Louis, Missouri (the "Authority") and the Loughborough Commons Community Improvement District (the "District"), in connection with the Authority's Tax Increment and Community Improvement Refunding Revenue Bonds, Series 2017 (Loughborough Commons Redevelopment Project) (the "Series 2017 Bonds"), pursuant to which certain TIF Revenues (as defined in the Financing Agreement) and CID Revenues (defined herein) will be assigned for the benefit of said Series 2017 Bonds; authorizing the City to execute certain other documents related thereto, including but not limited to any Continuing Disclosure Agreement, any Escrow Agreement, a Tax Compliance Agreement and any Credit Agreement (all as herein defined); authorizing and directing the taking of other actions as necessary and desirable to carry out and comply with the intent of this ordinance; and containing a severability clause.

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Overview

Session: 2016-2017

Sponsor: Thomas A Villa

Ordinance: 70522 effective 04/02/2017

Committee: Ways and Means

Legislative History

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

  • 01/20/2017

    First Reading

  • 01/27/2017

    Second Reading

  • 01/30/2017

    Perfection

  • 02/03/2017

    Informal Calendar

  • 02/10/2017

    Perfection

  • 02/10/2017

    Third Reading

02/10/2017 Final Passage Vote Results

Aye Votes
26
Nay Votes
0
Vote Totals

View vote details

Ordinance

Ordinance Number: 70522

Effective Date: 04/02/2017

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