Bill regarding Parking Revenue Bonds
BOARD BILL NO. 127 INTRODUCED BY: ALDERWOMAN PHYLLIS YOUNG An ordinance recommended by the Parking Commission of the City of St. Louis and authorizing and directing the city, acting through the Treasurer of the city in her capacity as supervisor of parking meters, to issue a subordinated parking revenue bond, series 2013a, in an aggregate principal amount not to exceed $1,500,000; setting forth certain terms and conditions relative to such bond; appointing a bond registrar and paying agent in connection with the bond; approving and authorizing the execution of a Supplemental Trust Indenture No. 3, a continuing disclosure agreement, if required, and a tax compliance agreement; authorizing the negotiated sale of the bond and the execution and delivery of a bond purchase contract; the taking of other actions, and the execution and approval of other documents, as are necessary or desirable to carry out and comply with the intent hereof; authorizing the reimbursement of certain amounts previously expended on the project to be financed with the proceeds of the bond; and containing a severability clause.
Board Bill Number: 127
Sponsor: Phyllis Young
Committee: Ways and Means