Ordinance 68478

Summary

BOARD BILL # 213_ INTRODUCED BY ALDERMAN TERRY KENNEDY An Ordinance recommended and approved by the Airport Commission and the Board of Estimate and Apportionment that provides for financial incentives for passenger air service at Lambert St. Louis International Airport® (the “Airport”); determines and finds that it is in the best of interests of the City of St. Louis, Missouri (the “City”), the Airport and others to encourage service at the Airport by new passenger and/or cargo airlines and to stimulate passenger service by airlines currently using the Airport by the adoption of programs providing for financial incentives for new airlines and new air service at the Airport; ratifies and adopts an Air Service Incentive Program (the “Program”) for the Airport; authorizes and directs the Director of Airports to implement the Program; authorizing transfers of funds in the total amount not to exceed One Million Six Hundred Seventy Three Thousand Dollars ($1,673,000) from the Airport Contingency Fund to the Airport Revenue Fund as are required for the purposes of making funds available for the Program adopted by this Ordinance; containing a severability clause; and containing an emergency clause.

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