Resolution Number 202 | Session 2021-2022

Extension of Steelcote Gratiot LLC Project Completion Date

Summary

NOW, THEREFORE BE IT RESOLVED by the Board of Aldermen of the City of St. Louis that: 1. The Comptroller is hereby authorized and directed to provide the Developer with a project exemption certificate in advance of the completion of the Chapter 100 Bond Transaction 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 June 30, 2022 (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.

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Overview

Session: 2021-2022

Introduced: 03/04/2022

Sponsor: Marlene E Davis

Latest Activity: First Reading

Legislative History

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

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