Resolution Number 136 | Session 2021-2022

Tax Revenue Bonds

Summary

NOW, THEREFORE BE IT RESOLVED by the Board of Aldermen of the City of St. Louis that: 1. The Board of Aldermen hereby directs the Chapter 100 Plan to be prepared and states its intent to participate in the Chapter 100 Bond Transaction to facilitate the tax exemptions described above, all subject to further legislative approval of a Board Bill authorizing the same (the "Final Legislative Approval"). 2. The Comptroller is hereby authorized and directed to provide the Developer with a project exemption certificate in advance of the Final Legislative Approval upon the Comptroller's receipt of a letter signed by the Developer agreeing to indemnify the City in connection with the provision of the project exemption certificate and promising that, if the Chapter 100 Bond Transaction is not completed by December 31, 2021 (subject to any extension approved by the Board of Estimate and Apportionment), the Developer will immediately pay all sales and use taxes that otherwise would have been due with respect to the Project.

Download

Lastest resolution text:

Overview

Session: 2021-2022

Introduced: 11/19/2021

Sponsor: Marlene E Davis

Latest Activity: First Reading

Legislative History

Legislative activities and outcomes for this resolution. Learn more about what these activities mean.

Was this page helpful?      



Comments are helpful!
500 character limit

Feedback is anonymous.