Ordinance 70473

Summary

BOARD BILL NO. 246 INTRODUCED BY PRESIDENT LEWIS REED, ALDERMAN STEPHEN CONWAY, ALDERMAN JACK COATAR An ordinance recommended by the Board of Estimate and Apportionment and the Board of Public Service authorizing and directing the execution and delivery of s Financing Agreement (the “Financing Agreement”) by and among The City of St. Louis, Missouri (the “City), the 14th and Market Community Improvement District (the “CID”), and the Land Clearance for Redevelopment Authority of the City of St. Louis (the “Authority”), pertaining to the financing of the rehabilitation of the real property located at 1401 Clark Avenue in the City on which real property is located a multipurpose sports and entertainment venue commonly known as the Scottrade Center (the “Scottrade Center”) and issuance of and provision for repayment of bonds issued by the Authority to finance said rehabilitation; authorizing the planning, design and construction of certain public works or improvements related to said rehabilitation; authorizing and directing the Mayor and the Comptroller to enter into and execute, on behalf of the City, said Financing Agreement; authorizing and directing the taking of other actions and approvals and execution of other documents as necessary or desirable to carry out and comply with the intent hereof; and containing an emergency clause and a severability clause.

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