Board Bill Number 208 In Session 2017-2018
Transfer of funds to the Airport Development Fund
Summary
BOARD BILL 208 INTRODUCED BY ALDERWOMAN MARLENE DAVIS 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 St. Louis Lambert 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, 2017, 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, 2016; containing a severability clause; and containing an emergency clause.
Download
- Introduced (394.15 KB PDF)
- Fiscal Notes (299.06 KB PDF)
Overview
Session: 2017-2018
Primary Sponsors: Marlene E Davis
Ordinance: 70698 effective 01/19/2018
Committee: Transportation and Commerce
Legislative History
Legislative activities for this board bill. Learn more about what these activities mean.
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12/08/2017
First Reading
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12/15/2017
Second Reading
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01/05/2018
Perfection
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01/12/2018
Third Reading
Votes
01/12/2018 Vote Results
Ordinance
Ordinance Number: 70698
Effective Date: 01/19/2018
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