Ordinance 66694

An Ordinance recommended and approved by the Airport Commission authorizing a “Fifth Supplemental Appropriation” in an aggregate amount not to exceed Forty Million Six Hundred Seventy Five Thousand Dollars

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Summary

An Ordinance recommended and approved by the Airport Commission and the Board of Estimate and Apportionment authorizing a “Fifth Supplemental Appropriation” in an aggregate amount not to exceed Forty Million Six Hundred Seventy Five Thousand Dollars ($40,675,000) from appropriately designated “Series __ Commercial Paper Construction Account” of the “Commercial Paper Construction Fund” established under the Commercial Paper Subordinate Indenture of Trust dated May 1, 2004 and authorized pursuant to Ordinance 66232 approved March 30, 2004 (the “CP Note Ordinance 66232”), into the W-1W Expansion Program Ordinance 64279 approved March 9, 1998, as amended by Ordinance 64598 approved February 18, 1999, Ordinance 65149 approved February 8, 2001, Ordinance 65501 approved May 14, 2002, and Ordinance 66489 approved November 17, 2004, which authorized and established a multi-year public work and improvement program (the “W-1W Expansion Program”) at Lambert-St. Louis International Airport® that is more fully described in Section One of Ordinance 64279 as amended, in order to continue the W-1W Expansion Program and the payment or reimbursement of eligible W-1W Expansion Program costs authorized therein; authorizing and directing the Mayor, Comptroller, Treasurer, City Counselor, Register of St. Louis, and/or other appropriate City officials as necessary to make such applications or certifications and provide such data to the Note Trustee, Note Registrar, and/or Payment Agent for the “Commercial Paper Notes” (as defined and authorized under the CP Note Ordinance 66232), and to take whatever action necessary in order to provide for the payment or reimbursement of eligible W-1W Expansion Program costs authorized therein; conditioning the appropriation from the Commercial Paper Construction Fund and the expenditure or reimbursement of funds authorized herein on the issuance in one or more series of Commercial Paper Notes; containing a severability clause; and an emergency clause.

Overview

Session: 2005-2006

Board Bill Number: 66

Sponsor: Phyllis Young

Committee: Transportation and Commerce

Effective: 06/06/2005

Legislative History

  • 04/29/2005

    First Reading

  • 05/20/2005

    Second Reading

  • 05/26/2005

    Perfection

  • 05/26/2005

    Third Reading

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