Resolution Number 12 In Session 2021-2022

Port Authority Revenue Bonds

Summary

NOW THEREFORE BE IT RESOLVED by the Board of Aldermen of the City of St. Louis that the Board of Aldermen hereby recommends that the Port Authority participate in an industrial revenue bond transaction with the Company to provide 10 years of personal property tax abatement (85% in years 1 - 5 and 50% in years 6 - 10) and a sales tax exemption on construction materials for the Project.

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Latest resolution text:

Overview

Session: 2021-2022

Introduced: 04/30/2021

Sponsor: Primary Sponsors: Jack Coatar

Latest Activity: Second Reading

Co-Sponsors:

Legislative History

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

  • 04/30/2021

    First Reading

    Resolution text was introduced (69.98 KB PDF).

  • 04/30/2021

    Committee Assignment

    The resolution was assigned to the Housing, Urban Development and Zoning Committee.

  • 06/08/2021

    Committee Hearing

    The resolution was passed with a recommendation of do pass during the Housing, Urban Development and Zoning Committee.

  • 06/11/2021

    Second Reading

    The resolution was passed.

06/11/2021 Final Passage Vote Results

Aye Votes 16
No Votes 8
Final Passage Vote

View vote details

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