Board Bill Number 129 In Session 2008-2009

Summary

BOARD BILL #129 INTRODUCED BY ALDERMAN STEPHAN CONWAY An ordinance recommended by the Board of Estimate and Apportionment of the City of St. Louis, Missouri (the "City") authorizing and directing the St. Louis Municipal Finance Corporation (the "Corporation") to issue and sell its Leasehold Revenue Bonds, Series 2008 (the "Series 2008 Bonds") in an aggregate principal amount of not to exceed $75,000,000 in order to fund the acquisition, construction, repair, improvement, and renovation of the Cervantes Convention Center (as defined herein) for the general welfare, safety, and benefit of the citizens of the City; authorizing and directing the officers of the Corporation to execute and deliver the Sixth Supplemental and Restated Indenture of Trust, the Fifth Supplemental and Restated Lease Purchase Agreement, the Fifth Supplemental and Restated First Deed of Trust, Security Agreement and Assignment, the Official Statement, and the Bond Purchase Agreement; authorizing the obtaining of credit enhancement, if any, for the Series 2008 Bonds from a Credit Provider (as defined herein), authorizing the City to execute and deliver, as necessary or desirable to facilitate the transactions contemplated hereby, any of the Fifth Supplemental and Restated Lease Purchase Agreement, the Tax Compliance Agreement (as defined herein), the Continuing Disclosure Agreement (as defined herein), the Official Statement, and the Bond Purchase Agreement; providing for a debt service reserve fund or funds, if any, for the Series 2008 Bonds; authorizing the Corporation and the City to obtain credit enhancement for a portion or all of the Series 2008 Bonds from a Credit Provider; authorizing the payment of any obligations due to a Credit Provider, if any; and authorizing the Comptroller and any other appropriate City officials to execute the Credit Agreement (as defined herein) and other documents related thereto, if any; authorizing participation of appropriate City officials in preparing the Official Statement; authorizing the acceptance of the terms of the Bond Purchase Agreement and the taking of further actions with respect thereto; authorizing the payment of certain costs of issuance of the Series 2008 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; and superseding provisions of prior ordinances of the City to the extent inconsistent with the terms hereof.

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