Ordinance 66797

Summary

An ordinance authorizing The City of St. Louis, Missouri, to enter into a First Amendment to Memorandum of Agreement with the Bi-State Development Agency of the Missouri-Illinois Metropolitan District and St. Louis County, Missouri, amending that certain Memorandum of Agreement dated as of November 1, 2002, for the purpose of providing additional funds to pay the costs of the acquisition, design, construction, equipping, operation, development and financing of a project including a light rail transit line, known as Segment I of the Cross-County Corridor, as well as improvements associated with the related upgrade and expansion in transit service; authorizing the Agency to issue obligations payable from annual appropriation of the Quarter-Cent Sales Tax levied by the City for public mass transportation purposes by Ordinance no. 63168 and other available revenues of the Agency; and authorizing the City to take other necessary actions in connection with such obligations and the Project.

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