Kiel Site

Kiel Site debt description

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Kiel Site Certificates of Participation

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 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 Kiel Site Certificates of Participation ("Kiel Site COPs") were issued to refinance bonds originally issued to fund site preparation and improvements on the real estate upon which the Scottrade Center (formerly known as the Kiel Center) currently sits. The Scottrade Center is the home of the St. Louis Blues Hockey Club and hosts a wide variety of sporting events, ice shows, concerts and family shows. 

Certificate Holder Security:
The Kiel Site COPs are not obligations of the St. Louis Municipal Finance Corporation (the "Corporation"), but evidence the right to receive a proportionate share of rents, revenues, and receipts received by the Corporation from the City under the lease agreement. The Kiel Site COPs are secured by a pledge and assignment of the Corporation's interest in the lease agreement and all rentals and other payments, revenues, and receipts received by the Corporation from the City under the lease agreement. 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.

For a more detailed description of the security for the Kiel Site COPs, please refer to the Official Statement for the relevant series of certificates (links provided below) and to www.emma.msrb.org for any Continuing Disclosure Updates and Material Event Filings.     

Certificates Outstanding:
There is currently outstanding the following one (1) series of Kiel Site COPs with an aggregate principal amount of $6,740,000 as follows:

Issuer

Series

New Money/Refunding

Par Outstanding

Final Maturity

St. Louis Municipal Finance Corporation

2008

Refunding

$6,740,000

July 1, 2021




For Debt Service on Outstanding Bonds as of June 30, 2013 please click here.


 

Official Statements:
Series
2008                                           


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