Board Bill Number 42 In Session 2018-2019
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 Four Million Dollars ($4,000,000) of excess moneys that The Ci
Summary
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 Four Million Dollars ($4,000,000) 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 Development Fund (the "Airport Development 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 Four Million Dollars ($4,000,000) from the DSSF into the Airport Development Fund during the fiscal year beginning July 1, 2017, for the purpose of making funds available to address Coldwater Creek Emergency Repairs - Stabilize Banks and Channel; containing a severability clause; and containing an emergency clause.
Download
- Introduced (389.92 KB PDF)
- Fiscal Notes (335.80 KB PDF)
Overview
Session: 2018-2019
Primary Sponsors: Marlene E Davis
Ordinance: 70775 effective 06/04/2018
Committee: Transportation and Commerce
Legislative History
Legislative activities for this board bill. Learn more about what these activities mean.
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05/04/2018
First Reading
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05/11/2018
Second Reading
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05/18/2018
Perfection
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05/24/2018
Third Reading
Votes
05/24/2018 Vote Results
Ordinance
Ordinance Number: 70775
Effective Date: 06/04/2018
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