Board Bill Number 52 In Session 2007-2008

Summary

BOARD BILL NO. 52 INTRODUCED BY: ALDERMAN STEPHEN CONWAY An ordinance recommended by the Board of Estimate and Apportionment authorizing and directing the St. Louis Municipal Finance Corporation (the "Corporation") to issue and sell the Corporation's Abram Building Lease Revenue Bonds (City of St. Louis, Missouri, Lessee), Series 2007 (the "Series 2007 Bonds") in an aggregate principal amount not to exceed $4,000,000, in order to pay and reimburse the City of St. Louis, Missouri (the "City") for costs associated with purchasing the building at 1520 Market Street, St. Louis, Missouri 63103 (the "Abram Building"); authorizing and directing the Corporation to execute and deliver the Indenture, the Base Lease, if any, the Lease Purchase Agreement, the Tax Compliance Agreement, and the Deed of Trust, if any (all as defined herein); authorizing the City to execute the Base Lease or Deed, if any, the Lease Purchase Agreement, and the Tax Compliance Agreement; authorizing the payment of certain costs of issuance of the Series 2007 Bonds; authorizing and directing the taking of other actions and approval and execution of other documents as necessary or desirable to carry out and comply with the intent hereof; superseding provisions of prior ordinances of the City to the extent inconsistent with the terms hereof; and containing an emergency clause.

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