Ordinance 70409

Authorizing transfer from Airport's Debt Service Stabilization Fund

New Search

BOARD BILL NO. 185 INTRODUCED BY ALDERWOMAN LYDA KREWSON An Ordinance recommended and approved by the Airport Commission and the Board of Estimate and Apportionment making certain findings with respect to the transfer of up to One Million Three Hundred Thousand Dollars ($1,300,000) of excess moneys that the City of St. Louis (“City”) , the owner and operator of Lambert-St. Louis International Airport® (“Airport”), intends to transfer from the Debt Service Stabilization Fund (“DSSF”) in accordance with Section 516.B of the Lambert-St. Louis International Airport® Indenture of Trust between the City, as Grantor, and UMB Bank, N.A., as Trustee, dated as of October 15, 1984, as amended and restated as of July 1, 2009 (“Indenture”), to the “Annual Budget” (established under authority of Ordinance No. 70272 approved June 30, 2016 for the fiscal year beginning July 1, 2016 and ending June 30, 2017), for current expenses of the government as detailed in EXHIBIT "1", which is attached hereto and incorporated herein; containing a severability clause; and an emergency clause.

Download

Document attachments can only be viewed if opened with Adobe Reader

Legislative History

Session: 2016-2017
Board Bill Number: 185
Primary Sponsor: Lyda Krewson
Co-Sponsors:
Committee: Transportation and Commerce
First Reading: 11/10/2016
Second Reading: 11/18/2016
Perfection: 12/02/2016
Third Reading: 12/09/2016
Effective Date: 12/19/2016

Topics

See more ordinance tags as Annual Budget and Operating Plan (Block Grant), Employees (Civil Service)

Was this page helpful?      



Comments are helpful!
500 character limit

Feedback is anonymous.