Ordinance 69939

Summary

BOARD BILL NO. 241 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 of its airport revenue refunding bonds, series 2015 (non-amt) (Lambert-St. Louis international airport), in one or more series in an aggregate principal amount not to exceed twenty million dollars ($20,000,000) (the “series 2015 bonds”) to effect the refunding of all or a portion of the city’s outstanding airport revenue refunding bonds, series 2005 (non-amt) Lambert-St. Louis International Airport) (the “series 2005 bonds”); providing for the funding of any required reserve funds and for the payment of costs of issuance and other related transaction costs with respect to the series 2015 bonds; setting forth certain terms and conditions for the issuance of the series 2015 bonds; appointing a trustee, a bond registrar and a paying agent in connection with the series 2015 bonds; appointing an escrow agent, if any, in connection with the outstanding bonds to be refunded with the proceeds of the series 2015 bonds; approving the form and authorizing the execution and delivery of the twentieth supplemental indenture of trust with respect to the issuance of the series 2015 bonds including any conforming or clarifying amendents to the amended and restated indenture of trust (as defined herein); authorizing the negotiated sale of the series 2015 bonds and the execution and delivery of a bond purchase agreement, an escrow agreement 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 (including bond insurance, credit facilities, and sureties), if any, and any necessary related documents; authorizing the proper officials, agents and employees of the city to execute such documents and to take such actions as are necessary or appropriate in connection with the foregoing matters; repealing ordinances of the city to the extent inconsistent with the terms hereof; and containing a severability clause.

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