Board Bills
2024-2025 Board Bill 8 — City Parks Leasehold Improvement Dedicated Revenue Refunding Bonds, Series 2024
Summary
This Board Bill seeks to authorize and direct the issuance of up to Twenty Five Million Dollars ($25,000,000) principal amount of City Parks Leasehold Improvement Dedicated Revenue Refunding Bonds, Series 2024 (the “Bonds”) by the St. Louis Municipal Finance Corporation. The issuance of the Bonds will result in a decrease in the City’s debt service payment obligations. The Bonds will be secured and payable solely from Dedicated Revenues. Subject to an annual maximum, Dedicated Revenues include each of the following: (i) 6.579 percent the Capital Improvement Sales Tax revenues received by The City of St. Louis, Missouri (the “City”); (ii) 15.5 percent of the City’s share of revenues from the Metropolitan Park and Recreation District Capital Improvements Sales Tax; and (iii) $1,200,000 of the City’s share of revenues from the Metro Parks Sales Tax, excluding the amount dedicated to Forest Park. Proceeds from the sale of the Bonds will be used to: (1) refund all or a portion of previously issued city parks bonds, (2) provide for the funding of any required debt service reserve fund, and (3) pay the costs associated with issuing the Bonds, including premiums for any bond insurance or surety.
Board Bills
BB 20 – Number not used this session
BB 20 – Number not used this session
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Board Bills
2024-2025 Board Bill 23 — Grant from the Drinking Water State Revolving Fund (DWSRF)
Summary
This bill would authorize the Department of Public Utilities to accept grant awards in the amounts of $400,000.00, 200,000.00 and $5,050,000.000, from the Drinking Water State Revolving Fund (DWSRF) administered by the Missouri Department of Natural Resources (MDNR) for the grant purposes to help water systems achieve the health protection objectives of the Safe Drinking Water Act (SDWA) by improving drinking water treatment facilities, fixing leaky or old pipes (water distribution), improving source of water supply, replacing or constructing finished water storage tanks, and other infrastructure projects needed to protect public health; appropriating such funds to the Department of Public Utilities; authorizing the expenditure of such funds to fulfill the obligations of said grant, to the extent such funds are received; and containing an emergency clause.
Board Bills
Board Bill Number 21 In Session 2024-2025
Summary
Purpose of the Bill: This bill authorizes and directs the City of St. Louis to let contracts and provide for design, right-of-way acquisition, and construction for the Loughborough Ave. Bridge Over Union Pacific Railroad; Grand Drive Bridge Over Metrolink and Forest Park Parkway; Traffic Management Enhancements Ph. 6 (Dr. Martin Luther King Dr. from Hodiamont Ave. to Grand Blvd.); and 4th St. (Chouteau Ave. to Convention Plaza) and Washington Ave. (3rd St. to 14th St.) Multimodal Improvements. The bill also authorizes the City of St. Louis to enter into supplemental agreements with the Missouri Highway and Transportation Commission, Federal Highway Administration, utilities, railroads, Bi-State Development Agency, Land Clearance for Redevelopment Authority (LCRA), Great Rivers Greenway District (GRG), Greater St. Louis, Inc., and other governmental agencies and parties as necessary for the completion of the projects.
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