Ordinance 70530

Summary

BOARD BILL #284 INTRODUCED BY ALDERMAN JOSEPH RODDY An ordinance recommended by the Board of Estimate and Apportionment authorizing and directing the issuance and delivery of one or more series of tax increment revenue notes (St. Louis Innovation District/RPA 5 Project) Series A and Series B (collectively, the “RPA 5 Notes”) in an aggregate principal amount not to exceed $12,200,000, plus costs of issuance, for certain Reimbursable Redevelopment Project Costs associated with Redevelopment Project Area 5 of the St. Louis Innovation District Redevelopment Area in accordance with the terms of the Redevelopment Agreement; authorizing and directing the Mayor and the Comptroller to execute and deliver the Fourth Supplemental Trust Indenture in connection with the issuance of RPA 5 Notes; designating the trustee for such notes; authorizing and directing the taking of other actions and approval and execution of other documents as necessary or desirable to carry out and comply with the intent hereof; superseding provisions of prior ordinances of the City to the extent inconsistent with the terms hereof; and containing a severability clause.

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