Board Bill Number 29 In Session 2006-2007

Summary

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 City Justice Center Leasehold Revenue Refunding Bonds, Series 2006 (the "Series 2006 Bonds") in an aggregate principal amount of not to exceed $26,000,000 in order to refund all or a portion of its City Justice Center Leasehold Revenue Improvement Bonds, Series 1996A and its City Justice Center Leasehold Revenue Improvement and Refunding Bonds, Series 1996B (collectively, the "Refunded Bonds"), and, if desirable, to redeem a portion of its City Justice Center Leasehold Revenue Improvement Bonds, Series 2000A (the "Redeemed Bonds"), for the general welfare, safety and benefit of the citizens of the City of St. Louis, Missouri (the "City"); authorizing and directing the Corporation to execute and deliver the Fifth Supplemental Indenture of Trust, the Third Supplemental Base Lease, if any, the Third Supplemental Lease Agreement, if any, the Tax Compliance Agreement, the Official Statement, the Bond Purchase Agreement, and the Escrow Agreement, if any; authorizing the City to execute the Third Supplemental Base Lease, if any, the Third Supplemental Lease Agreement, if any, the Second Supplemental Pledge Agreement, if any, the Continuing Disclosure Agreement, the Tax Compliance Agreement, the Official Statement, the Bond Purchase Agreement, and the Escrow Agreement, if any; authorizing the Corporation and the City to obtain credit enhancement for the Series 2006 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 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 thereof; 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; repealing ordinances of the City to the extent inconsistent with the terms hereof; and containing an emergency clause.

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