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
2024-2025 Board Bill 33 — Minimum Standards to Improve the Availability of Highly Trained and Diverse Work Force
Summary
An ordinance that provides minimum standards to improve the availability of highly trained and diverse construction workers as well as diverse and highroad construction employers to who now and in the future will be available and able to perform infrastructure, commercial, residential, and industrial construction services to and in our City for generations to come in a manner that is economically efficient and beneficial to the City, businesses, and communities that support successful, diverse, and thriving families and individuals for the City.
Board Bills
2024-2025 Board Bill 34 — ARPA Funds Reallocations
Summary
An Ordinance recommended by the Board of Estimate and Apportionment repealing Ordinance 71822 in its entirety, and amending Ordinance 71393, Ordinance 71494, Ordinance 71505, Ordinance 71554, Ordinance 71561, Ordinance 71591, Ordinance 71592, and Ordinance 71650 by reappropriating certain amounts specified herein in an aggregate amount of $13,819,393.64 for other purposes; and with an emergency clause.
Board Bills
BB 35 – Speed Humps various Locations 14th Ward
BB 35 – Speed Humps various Locations 14th Ward
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