Board Bill Number 33 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 its Carnahan Courthouse Leasehold Revenue Refunding Bonds, Series 2006A (City of St. Louis, Missouri, Lessee) (the "Series 2006A Bonds") in an aggregate principal amount not to exceed $27,000,000 in order to refund all or a portion of its outstanding Carnahan Courthouse Leasehold Revenue Bonds, Series 2002A (City of St. Louis, Missouri, Lessee) (the "Series 2002A 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 First Supplemental Indenture, the First Supplemental Lease Agreement, the Official Statement, the Tax Compliance Agreement, the Escrow Agreement, and the Bond Purchase Agreement (as such documents are defined herein and collectively referred to as the "Corporation Documents"); authorizing and directing the Mayor and Comptroller and any other appropriate City officials, if necessary, to execute, as provided herein, the following documents: the First Supplemental Lease Agreement, the Pledge Agreement, the Escrow Agreement, the Tax Compliance Agreement, the Continuing Disclosure Agreement, the Official Statement and the Bond Purchase Agreement (as such documents are defined herein and collectively referred to as the "City Documents"); authorizing and approving the First Supplemental Indenture; authorizing the Corporation and the City to obtain credit enhancement for the Series 2006A Bonds from a Credit Provider (as hereinafter defined); 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 any Credit Agreement or other documents related thereto, if any; authorizing the pledge of certain revenues pursuant to the Pledge Agreement; authorizing and approving the First Supplemental Indenture; authorizing participation of appropriate City officials in drafting the Preliminary Official Statement and final Official Statement and the taking of further actions with respect thereto; authorizing the acceptance of the terms of the Bond Purchase Agreement and the taking of further action with respect thereto; authorizing the payment of certain costs of issuance thereof; authorizing and directing the taking of other actions, and the 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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