Ordinance 68701

Development with Peabody Investments

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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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Legislative History

Session: 2010-2011
Board Bill Number: 73
Primary Sponsor: Phyllis Young
Co-Sponsors:
Committee: Housing, Urban Development and Zoning
First Reading: 05/21/2010
Second Reading: 05/28/2010
Perfection: 06/04/2010
Informal Calendar: 06/11/2010
Third Reading: 06/25/2010
Effective Date: 08/09/2010

Topics

See more ordinance tags as Annual Budget and Operating Plan (Block Grant), Permits, Inspections, and Certifications (Condemnation), Beautification and Nuisance Reduction (Noise), Employees (Civil Service)

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