Ordinance 71590

Airport Revenue Bonds

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Summary

This Board Bill seeks to authorize the issuance of up to One Hundred Fifty Million Dollars ($150,000,000) airport revenue bonds (the “Bonds”). The Bonds will be secured and payable solely from funds pledged under the Amended and Restated Indenture of Trust dated as of July 1, 2009, as amended and supplemented from time to time, including the revenues derived from the operation of the Airport. Proceeds from the sale of the bonds will be used to: (1) finance the cost of the purchasing, extension, improvement or enlargement of the airport, (2) fund capitalized interest, if any, (3) fund any required debt service reserve account, and (4) pay the costs associated with issuing the Bonds, including premiums for any bond insurance or surety.

Download

St. Louis City Ordinance 71590 Document (914.52 KB PDF)

Overview

Session: 2022-2023

Board Bill Number: 128

Primary Sponsors: Shane Cohn

Effective: 12/16/2022

Legislative History

Legislative activities and outcomes for this board bill. Learn more about what these activities mean.

  • 12/01/2022

    First Reading

    Bill text was introduced (499.35 KB PDF).

  • 12/01/2022

    Referred to a Committee

    The bill was assigned to the Transportation and Commerce Committee.

  • 12/06/2022

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Transportation and Commerce Committee hearing.

  • 12/09/2022

    Second Reading

  • 12/09/2022

    Perfection

    The bill was placed on the informal calendar.

  • 12/13/2022

    Perfection

    The bill was passed.

  • 12/13/2022

    Engrossment

    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 12/13/2022

    Third Reading

    The bill was passed.

  • 12/13/2022

    Delivered to Mayor

  • 12/16/2022

    Mayor Returns Bill

    The bill was approved.

  • 12/19/2022

    Delivered to Register

  • 12/29/2022

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71590. Effective date is 12/16/2022

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