Board Bill Number 73 In Session 2010-2011

Development with Peabody Investments

Summary

BOARD BILL # 73 INTRODUCED BY ALDERWOMAN YOUNG AN ORDINANCE RECOMMENDED BY THE BOARD OF ESTIMATE AND APPORTIONMENT AUTHORIZING THE CITY OF ST. LOUIS, MISSOURI TO ENTER INTO A DEVELOPMENT AGREEMENT WITH PEABODY INVESTMENTS CORP.; AUTHORIZING THE CITY TO ISSUE ITS TAXABLE INDUSTRIAL DEVELOPMENT REVENUE BONDS (PEABODY ENERGY CORPORATION PROJECT), SERIES 2010, IN A PRINCIPAL AMOUNT NOT TO EXCEED $50,000,000 FOR THE PURPOSE OF PROVIDING FUNDS TO PAY THE COSTS OF ACQUIRING CERTAIN EQUIPMENT FOR AN INDUSTRIAL DEVELOPMENT PROJECT IN THE CITY; APPROVING A PLAN FOR SUCH PROJECT; AUTHORIZING AND DIRECTING THE MAYOR AND THE COMPTROLLER TO EXECUTE CERTAIN DOCUMENTS RELATED THERETO; AUTHORIZING AND DIRECTING THE MAYOR AND THE COMPTROLLER TO ENTER INTO ONE OR MORE LEASES WITH RESPECT TO CERTAIN REAL PROPERTY PERTAINING TO SUCH PROJECT; AND AUTHORIZING AND DIRECTING THE TAKING OF OTHER ACTIONS AND APPROVAL AND EXECUTION OF OTHER DOCUMENTS AS NECESSARY OR DESIRABLE TO CARRY OUT AND COMPLY WITH THE INTENT HEREOF.

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Overview

Session: 2010-2011

Primary Sponsors: Phyllis Young

Ordinance: 68701 effective 08/09/2010

Committee: Housing, Urban Development and Zoning

Legislative History

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

  • 05/21/2010

    First Reading

  • 05/28/2010

    Second Reading

  • 06/04/2010

    Perfection

  • 06/11/2010

    Informal Calendar

  • 06/25/2010

    Third Reading

Ordinance

Ordinance Number: 68701

Effective Date: 08/09/2010

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