Civil Courts Building

Civil Courts Building debt info

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Civil Courts Building Revenue Bonds

Important Note: All of the information set forth below is historical and subject to change. Investors must read the entire final official statement ("OS"), as well as any updated information regarding these bonds made available by the City of St. Louis (the "City") at the Municipal Securities Rulemaking Board's Electronic Municipal Market Access ("EMMA") website www.emma.msrb.org, to obtain the information essential to the making of an informed investment decision.

Project
Description:
The Civil Courts Building, located at 10 N. Tucker Boulevard, is one of the buildings housing the Twenty-Second Judicial Circuit of the State of Missouri. In the early 1990's, the Civil Courts Building fell into a deteriorated condition and was in need of capital improvements. In order to render the facility safe, accessible and habitable, the City issued bonds in order to (i) pay the cost of financing certain improvements, renovations, rehabilitation, remodeling and equipping of the Civil Courts Building, including but not limited to (a) installation of and improvements to life safety work systems, (b) installation of new HVAC and electric systems, (c) replacements and repairs to plumbing and elevator systems, (d) renovation and rehabilitation to law library and jury assembly room, and (e) removal of asbestos and lead paint in a portion of the Civil Courts Building.
  
Bondholder Security:
The Civil Courts Building Bonds are special obligations of the St. Louis Municipal Finance Corporation (the "Corporation"), payable solely out of rental and additional rental payments derived by the Corporation from leasing the Civil Courts Building to the City. The City has covenanted, subject to annual appropriation, to pay rental and additional rental payments at such times and in such amounts as are necessary to prevent default in the payment of principal or premium, if any, and interest on the Civil Courts Building Bonds. The City's payments are subject to annual appropriation by the City. If the City fails to budget and appropriate funds for payments in any fiscal year, the lease will terminate at the end of the fiscal year for which funds have been appropriated and the City will be required to vacate the property.

For a more detailed description of the security for the Civil Courts Building Bonds please refer to the Official Statement for the relevant series of bonds (links provided below) and to www.emma.msrb.org for Continuing Disclosure updates and Material Event Filings.

Bonds Outstanding:
There is currently outstanding the following one (1) series of Civil Courts Building Bonds with an aggregate principal amount of $2,690,000 as follows:

Issuer

Series

New Money / Refunding

Par Outstanding

Final Maturity

St. Louis Municipal Finance Corporation

2010

Refunding

$2,690,000

August 1, 2014

   

For Debt Service on Outstanding Bonds as of January 1, 2014 please click here.


Official Statements:
Series 
2010       

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