Ordinance 68855

Summary

BOARD BILL NO. 271 INTRODUCED BY ALDERMAN TERRY KENNEDY An ordinance approving the establishment of a necessary bank account, EDA Receipts Account, at Pulaski Bank in the name of the City of St. Louis Port Authority (“Port Authority”) for purposes of depositing (receiving) and disbursing Economic Adjustment Assistance grant funds awarded to the Port Authority from the U.S. Department of Commerce Economic Development Administration (“EDA”) for the purpose of performing major repair and reconstruction of the South Dock at the City Municipal River Terminal located at #1 Market Street (“City Municipal River Terminal”); approving the deposit and disbursement of the Economic Adjustment Assistance grant funds into the EDA Receipts Account by the Port Authority; authorizing the execution of documents necessary to comply with the intent of this Ordinance; and containing an emergency clause.

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