Board Bill Number 9 In Session 2024-2025

Leasehold Revenue Refunding Bonds


This Board Bill seeks to authorize the issuance of up to Twenty Million Dollars ($20,000,000) leasehold revenue refunding bonds (the "Bonds"). The issuance of the Bonds will result in a decrease in the City's debt service payment obligations. The debt service costs associated with the Bonds will be paid solely from Rentals and Additional Rental (as such terms are defined in the hereinafter defined Lease Agreement) received by the St. Louis Municipal Finance Corporation (the "Corporation") from the City under the Amended and Restated Lease Agreement (the "Lease Agreement") relating to the Convention Center Property (as such term is defined in the Lease Agreement). The City intends to use Hotel Sales Tax and Restaurant Gross Receipts Tax revenues to make such payments. Proceeds from the sale of the Bonds will be used to: (1) to provide funds to pay all or a portion of the costs of refunding all or a portion of the outstanding Series 2015 Bonds, (2) provide for the funding of any required debt service reserve funds and/or the purchase of any credit enhancement, if any, and (3) pay reasonable expenses incurred by the Corporation and the City in connection with the issuance of the Bonds, including premiums for any bond insurance or surety.


Latest Bill text:


Session: 2024-2025

Introduced: 04/26/2024

Primary Sponsors: Pamela Boyd

Latest Activity: Register Returns Notice with Ordinance Number

Ordinance: 71847 effective 05/17/2024

Legislative History

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

  • 04/26/2024

    First Reading

    Bill text was introduced (322.07 KB PDF).

  • 04/26/2024

    Referred to a Committee

    The bill was assigned to the Transportation and Commerce Committee.

  • 04/29/2024

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Transportation and Commerce Committee hearing.

  • 05/03/2024

    Second Reading

  • 05/10/2024


    The bill was passed.

  • 05/17/2024


    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 05/17/2024

    Third Reading

    The bill was passed.

  • 05/17/2024

    Delivered to Mayor

  • 05/17/2024

    Mayor Returns Bill

    The bill was approved.

  • 05/17/2024

    Delivered to Register

  • 05/22/2024

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71847. Effective date is 05/17/2024

Supporting Materials

These materials are not a part of the legislation. They may be presented by the sponsor, other Board members, special guest speakers or others to help further explain the proposal, provide other evidence, give additional information and/or alternative ideas or opinions.

1 document has been uploaded
Title File Size
Presentation for Board Bill Number 9 made at the Board of Aldermen's Transportation and Committee Meeting held Monday, April 29, 2024 in the Kennedy Room. Convention Center Bonds Presentation (1).pdf 1.52 MB


05/17/2024 Vote Results

Aye Votes 14
No Votes 0
Final Passage Vote

View vote details


Ordinance Number: 71847

Effective Date: 05/17/2024

Was this page helpful?      

Comments are helpful!
500 character limit

Feedback is anonymous.

5 comments from people like you have helped us improve this page. Keep the feedback coming!