Board Bills
2024-2025 Board Bill 9 — Leasehold Revenue Refunding Bonds
Summary
This Board Bill seeks to authorize the issuance of up to Twenty Million Dollars ($20,000,000) leasehold revenue refunding bonds (the “Bonds”). The issuance of the Bonds will result in a decrease in the City’s debt service payment obligations. The debt service costs associated with the Bonds will be paid solely from Rentals and Additional Rental (as such terms are defined in the hereinafter defined Lease Agreement) received by the St. Louis Municipal Finance Corporation (the “Corporation”) from the City under the Amended and Restated Lease Agreement (the “Lease Agreement”) relating to the Convention Center Property (as such term is defined in the Lease Agreement). The City intends to use Hotel Sales Tax and Restaurant Gross Receipts Tax revenues to make such payments. Proceeds from the sale of the Bonds will be used to: (1) to provide funds to pay all or a portion of the costs of refunding all or a portion of the outstanding Series 2015 Bonds, (2) provide for the funding of any required debt service reserve funds and/or the purchase of any credit enhancement, if any, and (3) pay reasonable expenses incurred by the Corporation and the City in connection with the issuance of 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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