Board Bill No. 249 Votes | Session 2016-2017

Police Series 2009 Juvenile Series 2008B Bonds

BOARD BILL NO. # 249 INTRODUCED BY ALDERMAN STEPHEN CONWAY An ordinance recommended by the Board of Estimate and Apportionment authorizing and directing the St. Louis Municipal Finance Corporation (the “Corporation”) to issue and sell, in one or more series, its Police Capital Improvement Sales Tax Leasehold Refunding Revenue Bonds (City of St. Louis, Missouri, Lessee), Series 2017A (the “Series 2017A Bonds”), in order to, among other things as described in this Ordinance, refund all or a portion of the outstanding Police Capital Improvement Sales Tax Leasehold Revenue Bonds, Series 2007 (City of St. Louis, Missouri, Lessee) (the “Refunded Series 2007 Bonds”) and the Juvenile Detention Center Leasehold Refunding Revenue Bonds (City of St. Louis, Missouri, Lessee) Series 2017B (the “Series 2017B Bonds” and collectively with the Series 2017A Bonds, the Series 2017 Bonds”), in order to, among other things as described in this Ordinance, refund all or a portion of the outstanding Tax-Exempt Juvenile Detention Center Leasehold Revenue Bonds (City of St. Louis, Missouri, Lessee) Series 2008B (the “Refunded Series 2008B Bonds”), all for the general welfare, safety and benefit of the citizens of The City of St. Louis, Missouri (the “City”), authorizing and directing the Corporation to execute, deliver and perform its obligations under the Series 2017A Third Supplemental Indenture of Trust, the Series 2017A Second Supplemental Premises Base Lease, the Series 2017A Second Supplemental Communications Property Base Lease, the Series 2017A Third Supplemental Lease Purchase Agreement, the Series 2017A Third Supplemental Deed of Trust and Security Agreement (collectively, the Series 2017A Supplemental Documents”), the Series 2017B First Supplemental Indenture, the Series 2017B First Supplemental Base Lease, the Series 2017B First Supplemental Lease Purchase Agreement, the Series 2017B First Supplemental Leasehold Deed of Trust, Security Agreement and Fixture Filing (collectively, the “Series 2017B Supplemental Documents”), one or more Continuing Disclosure Agreements, one or more Tax Compliance Agreements, one or more Official Statements, one or more Escrow Agreements, and one or more Bond Purchase Agreements (all as defined herein); authorizing the City to execute, deliver and perform its obligations under the Series 2017A Supplemental Documents, the Series 2017B Supplemental Documents, one or more Continuing Disclosure Agreements, one or more Tax Compliance Agreements, one or more Official Statements, one or more Escrow Agreements and one or more Bond Purchase Agreements (all as defined herein); providing for a debt service reserve fund with a separate account for each series of the Series 2017 Bonds, if any; authorizing the Corporation and the City to obtain credit enhancement for either or both series of the Series 2017 Bonds from a Credit Provider, if any; authorizing the payment of any obligations due to a Credit Provider, if any, and authorizing the Comptroller and any other appropriate City officials to execute the Credit Agreement and other documents related thereto, if any; authorizing participation of appropriate City officials in preparing one or more Official Statements; authorizing the acceptance of the terms of one or more Bond Purchase Agreements and the taking of further actions with respect thereto; authorizing the payment of certain costs of issuance of the Series 2017 Bonds; 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; superseding provisions of prior ordinances of the City to the extent inconsistent with the terms hereof.

View Board Bill 249 details

02/10/2017 Final Passage Vote Results

Noes (0)

No "no" votes recorded

Did Not Vote (0)

No "Did Not Vote" votes recorded

Abstain (0)

No aldermen abstained from vote

Present (0)

No "present" votes recorded

Absent (3)

Ward Alderman
4 Samuel L Moore
16 Ward 16 Vacant
24 Scott Ogilvie

Vacant Seat (0)

No vacant seat

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