Ordinance 66771

An ordinance directing the St. Louis Municipal Finance Corporation to issue and sell its City Justice Center Leasehold Revenue Refunding Bonds

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Summary

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 its City Justice Center Leasehold Revenue Refunding Bonds, Series 2005 (the “Series 2005 Bonds”) in an aggregate principal amount of not to exceed $16,000,000 in order to refund all or a portion of its City Justice Center Leasehold Revenue Improvement Bonds, Series 2000A (the “Refunded Bonds”), 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 and deliver a Fourth Supplemental Indenture of Trust, a Second Supplemental Base Lease, a Second Supplemental Lease Agreement, an Official Statement, a Bond Purchase Agreement, and an Escrow Agreement; authorizing the City to execute the Second Supplemental Base Lease, the Second Supplemental Lease Agreement, a Continuing Disclosure Agreement, the Official Statement, the Bond Purchase Agreement, the Escrow Agreement, and if, necessary, the Fourth Supplemental Indenture of Trust; authorizing the Corporation and the City to obtain credit enhancement for the Series 2005 Bonds from a Credit Provider, authorizing the payment of any obligations due to a Credit Provider, if any, and authorizing the Comptroller and any other appropriate City officials, if necessary, to execute any Credit Agreement or other documents related thereto; authorizing participation of appropriate City officials in preparing the Corporation’s Preliminary Official Statement and final Official Statement for the Series 2005 Bonds; authorizing the acceptance of the terms of the Bond Purchase Agreement and the taking of further actions with respect thereto; 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; and containing an emergency clause.

Overview

Session: 2005-2006

Board Bill Number: 147

Sponsor: Stephen Conway

Committee: Ways and Means

Effective: 07/20/2005

Legislative History

  • 06/24/2005

    First Reading

  • 07/08/2005

    Second Reading

  • 07/15/2005

    Perfection

  • 07/15/2005

    Third Reading

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