Board Bill Number 253 In Session 2009-2010

Summary

An ordinance recommended by the Board of Estimate and Apportionment of the City of St. Louis, Missouri (the "City") authorizing and directing the issuance and sale by the City, the St. Louis Municipal Finance Corporation (the "Corporation"), and/or The Industrial Development Authority of the City of St. Louis (the "Authority") of refunding bonds (the "Refunding Bonds") in order to refund all or a portion of the Refunded Bonds (as defined herein) and/or in order to provide for the payment of principal of, and interest and premium, if any, on all or a portion of the Outstanding Bonds (as defined herein), for the general welfare, safety, and benefit of the citizens of the City, which Refunding Bonds may be issued in an aggregate principal amount not to exceed $230,000,000, plus reasonable Costs of Issuance (as defined herein), redemption premium, if any, costs of funding a debt service reserve fund or funds, if any, and a capitalized interest fund or funds, if any, and may be issued in one or more Series as (i) general obligation refunding bonds of the City and/or leasehold revenue refunding bonds of the Corporation and/or the Authority, (ii) compound interest bonds or current interest bonds, (iii) Tax-Exempt Bonds or Taxable Bonds (as such terms are defined herein), (iv) Parity Bonds or Junior Lien Bonds (as such terms are defined herein), and/or (v) Build America Bonds (Tax Credit) (as defined herein); authorizing and directing the officers of the City and/or the Corporation to execute and deliver, as necessary, one or more Indentures (as defined herein), one or more Base Leases (as defined herein), one or more Lease Purchase Agreements (as defined herein), one or more Deeds of Trust (as defined herein), one or more Tax Compliance Agreements (as defined herein), one or more Continuing Disclosure Agreements (as defined herein), one or more Official Statements (as defined herein), one or more Bond Purchase Agreements (as defined herein), and one or more Escrow Agreements (as defined herein); providing for a debt service reserve fund or funds, if any, and a capitalized interest fund or funds, if any, for the Refunding Bonds; authorizing the Corporation, the Authority, and/or the City to obtain credit enhancement for all or any portion of the Refunding Bonds from one or more Credit Providers (as defined herein); authorizing the payment of any obligations due to such Credit Provider or Credit Providers, if any; authorizing and directing the officers of the City and/or the Corporation to execute and deliver, as necessary, one or more Credit Agreements (as defined herein) and other documents related thereto, if any; authorizing participation of appropriate City officials in preparing one or more Official Statements; authorizing the acceptance of the terms of one or more Bond Purchase Agreements and the taking of further actions with respect thereto; authorizing the payment of certain Costs of Issuance; 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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