Board Bill Number 2 Votes In Session 2017-2018

Board Bill

BOARD BILL NO. 2 INTRODUCED BY ALDERWOMAN MARLENE DAVIS An ordinance recommended by the Board of Estimate and Apportionment authorizing and directing (i) the issuance by the City of St. Louis, Missouri (the “city”) of its Airport Revenue Refunding bonds, St. Louis Lambert International Airport, in an aggregate principal amount not to exceed two hundred forty million dollars ($240,000,000) (the “series 2017 Refunding Bonds”) in one or more series to effect the refunding of a portion of the City’s outstanding Airport Revenue Bonds; (ii) the issuance by the City of its Airport Revenue Bonds, St. Louis Lambert International Airport, in an aggregate principal amount not to exceed seventy million dollars ($70,000,000) (the “series 2017 Project Bonds” and, together with the series 2017 Refunding Bonds, the “series 2017 Bonds”) in one or more series as part of the $3,500,000,000 of bonds approved by the voters in 1991 and 2003, to finance the cost of the purchasing, extension, improvement or enlargement of the airport, reimbursement for certain prior airport capital expenditures, the funding of capitalized interest, if any; providing for the funding of any required reserve funds and for the payment of certain costs of issuance and other related transaction costs with respect to the series 2017 Bonds; setting forth certain terms and conditions for the issuance of series 2017 Bonds; appointing a trustee, a bond registrar and a paying agent in connection with such bonds; appointing an escrow agent, in connection with any outstanding bonds to be refunded with the proceeds of the series 2017 Refunding Bonds and approving the form and authorizing the execution and delivery of the twenty-first supplemental indenture of trust with respect to the issuance of any series 2017 Refunding Bonds, approving the form and authorizing the execution and delivery of the twenty-second supplemental indenture of trust with respect to the issuance of the series 2017 Project Bonds; authorizing the negotiated sale of the series 2017 Bonds and the execution and delivery of a bond purchase agreement, an escrow agreement, if any, and other matters with respect thereto; authorizing the preparation, execution and distribution of the preliminary official statement and the official statement and the preparation, execution and delivery of the continuing disclosure agreement; authorizing the negotiation and purchase of credit enhancement, if any, and credit facilities or sureties, if any, for any required reserve funds, and the approval and execution of documents necessary to comply with the duties of the city under any agreement for credit enhancement, and credit facilities or sureties, if any, for any required reserve funds; authorizing the proper officials, agents and employees of the city to execute such documents and to take such actions as are necessary or appropriate; authorizing the reimbursement of certain amounts previously expended on the series 2017 Project; repealing ordinances of the city to the extent inconsistent with the terms hereof; and containing a severability clause and an emergency clause.

View Board Bill 2 details

05/19/2017 Final Passage Vote Results