Transportation & Commerce Committee — St. Louis, MO
Date: 2026-06-25
Time: 10:00

Agenda
 Transportation & Commerce Committee
 Meeting
 St. Louis Board of Aldermen
 Thursday, June 25, 2026 - 10:00 AM
 Kennedy Room
President Megan Green
Alderman Shane Cohn, Chair
Committee Members:
Alderman Thomas Oldenburg
Alderman Bret Narayan
Alderwoman Anne Schweitzer
Alderwoman Jami Cox Antwi



Order of Business
I. Call to Order
II. Roll Call
III. Approval of Minutes
 To approve the minutes from Friday, June 5, 2026, committee meeting.
IV. Board Bills for Review
 (The committee will discuss and take public comment on the following)
 Board Bill Number 46
 Introduced by Alderman Rasheen Aldridge This Board Bill amends Ordinance 71302
 and authorizes the execution of a First Amendment Lease Agreement between The City of
 St. Louis, Missouri (the “City”) and United Fruit and Produce Company (“Lessee”) for
 certain land at or near 5 Clinton Street under certain terms and conditions for a period of
 (5) years, at a rate of $1,192.50 for the first year and increasing by three (3) percent each
 year thereafter, with three (3) mutual options to extend for five (5) additional years.
 Board Bill Number 51
 Introduced by Alderman Shane Cohn An ordinance recommended by the Board of
 Estimate and Apportionment authorizing and directing the issuance, establishment of
 terms and sale of Airport Revenue Bonds not to exceed $________ million to [effect the
 refunding of all or a portion of the City’s subordinated indebtedness incurred to provide
 interim financing and refinancing for the acquisition, expansion, construction, renovation
 and equipping or airport facilities and to finance the cost of the purchasing, extension,
 improvement or enlargement of the airport]; providing for the funding of any required
 debt service reserve funds and capitalized interest funds and for the payment of costs of
 issuance; appointing a trustee; approving and authorizing the preparation, execution and
 delivery of necessary or appropriate documents and actions; repealing inconsistent prior
 ordinances; and containing severability and emergency clauses.
 Board Bill Number 52
 Introduced by Alderman Shane Cohn, President Megan E Green An Ordinance
 pertaining to the Transit Sales Tax imposed pursuant to Section 94.660, RSMo., as
 adopted by the voters of St. Louis City on August 2, 1994, pursuant to Ordinance 63168
 creating the “City Public Transit Sales Tax Trust Fund” directing the Treasurer of the City
 of St. Louis to deposit funds received pursuant to said sales tax into the “City Public
 Transit Sales Tax Trust Fund Account ONE” appropriating $13,529,900 from the said
 sales tax for the period of July 1, 2026, through June 30, 2027, to the Bi-State
 Development Agency for certain purposes; and containing a severability and emergency
 clause.
 Board Bill Number 53
 Introduced by Alderman Shane Cohn, President Megan E Green An Ordinance
 pertaining to the Transit Sales Tax imposed pursuant to Section 94.660, RSMo., as
 adopted by the voters of St. Louis City on November 4, 1997, pursuant to Ordinance
 64111 creating the “City Public Transit Sales Tax Trust Fund” directing the Treasurer of
 the City of St. Louis to deposit funds received pursuant to said sales tax into the “City
 Public Transit Sales Tax Trust Fund – Account TWO” appropriating $13,529,900 from the
 said sales tax for the period of July 1, 2026, through June 30, 2027, to the Bi-State
 Development Agency for certain purposes; and containing a severability and emergency
 clause.
V. Resolutions for Review
 None
VI. Committee Discussions
 None
VII. Acknowledgment of Any Written Testimony
VIII. Announcements
IX. Excused Members
X. Adjournment

Agenda
 Transportation & Commerce Committee
 Meeting
 St. Louis Board of Aldermen
 Thursday, June 25, 2026 - 10:00 AM
 Kennedy Room
President Megan Green
Alderman Shane Cohn, Chair
Committee Members:
Alderman Thomas Oldenburg
Alderman Bret Narayan
Alderwoman Anne Schweitzer
Alderwoman Jami Cox Antwi



Order of Business
I. Call to Order
II. Roll Call
III. Approval of Minutes
 To approve the minutes from Friday, June 5, 2026, committee meeting.
IV. Board Bills for Review
 (The committee will discuss and take public comment on the following)
 Board Bill Number 46
 Introduced by Alderman Rasheen Aldridge This Board Bill amends Ordinance 71302
 and authorizes the execution of a First Amendment Lease Agreement between The City of
 St. Louis, Missouri (the “City”) and United Fruit and Produce Company (“Lessee”) for
 certain land at or near 5 Clinton Street under certain terms and conditions for a period of
 (5) years, at a rate of $1,192.50 for the first year and increasing by three (3) percent each
 year thereafter, with three (3) mutual options to extend for five (5) additional years.
 Board Bill Number 51
 Introduced by Alderman Shane Cohn An ordinance recommended by the Board of
 Estimate and Apportionment authorizing and directing the issuance, establishment of
 terms and sale of Airport Revenue Bonds not to exceed $________ million to [effect the
 refunding of all or a portion of the City’s subordinated indebtedness incurred to provide
 interim financing and refinancing for the acquisition, expansion, construction, renovation
 and equipping or airport facilities and to finance the cost of the purchasing, extension,


 Page 1 of 59
 improvement or enlargement of the airport]; providing for the funding of any required
 debt service reserve funds and capitalized interest funds and for the payment of costs of
 issuance; appointing a trustee; approving and authorizing the preparation, execution and
 delivery of necessary or appropriate documents and actions; repealing inconsistent prior
 ordinances; and containing severability and emergency clauses.
 Board Bill Number 52
 Introduced by Alderman Shane Cohn, President Megan E Green An Ordinance
 pertaining to the Transit Sales Tax imposed pursuant to Section 94.660, RSMo., as
 adopted by the voters of St. Louis City on August 2, 1994, pursuant to Ordinance 63168
 creating the “City Public Transit Sales Tax Trust Fund” directing the Treasurer of the City
 of St. Louis to deposit funds received pursuant to said sales tax into the “City Public
 Transit Sales Tax Trust Fund Account ONE” appropriating $13,529,900 from the said
 sales tax for the period of July 1, 2026, through June 30, 2027, to the Bi-State
 Development Agency for certain purposes; and containing a severability and emergency
 clause.
 Board Bill Number 53
 Introduced by Alderman Shane Cohn, President Megan E Green An Ordinance
 pertaining to the Transit Sales Tax imposed pursuant to Section 94.660, RSMo., as
 adopted by the voters of St. Louis City on November 4, 1997, pursuant to Ordinance
 64111 creating the “City Public Transit Sales Tax Trust Fund” directing the Treasurer of
 the City of St. Louis to deposit funds received pursuant to said sales tax into the “City
 Public Transit Sales Tax Trust Fund – Account TWO” appropriating $13,529,900 from the
 said sales tax for the period of July 1, 2026, through June 30, 2027, to the Bi-State
 Development Agency for certain purposes; and containing a severability and emergency
 clause.
V. Resolutions for Review
 None
VI. Committee Discussions
 None
VII. Acknowledgment of Any Written Testimony
VIII. Announcements
IX. Excused Members
X. Adjournment




 Page 2 of 59
 Minutes
 Transportation & Commerce Committee
 Friday, June 5, 2026
 9:00 AM
 Kennedy Room
 Minutes are preliminary and may change until finally approved
I. Call to Order
 The Chair called the meeting to order at 9:08am.
II. Roll Call
 The Chair directed the Associate Clerk to call the roll and the following
 members answered to their names: Mr. Narayan, Ms. Schweitzer, Ms. Cox
 Antwi Chair Cohn. 4 members were present. A quorum was established.
III. Approval of Minutes
 To approve the minutes from Tuesday, June 2, 2026, committee meeting.
 The Chair entertained a motion to approve the minutes from the Tuesday,
 June 2, 2026, committee meeting.

 Mr. Naayan moved to approve the minutes from the Tuesday, June 2, 2026,
 committee meeting.

 Seconded by Ms. Cox Antwi.

 The Chair directed the Associate Clerk to call the roll.

 The Associate Clerk called the roll and the following votes were recorded:
 The following voted Aye: Mr. Narayan, Ms. Schweitzer, Ms. Cox Antwi
 Chair Cohn. 4 Aye votes were cast.

 The following voted No:
 None


 Page 1 of 5


 Page 3 of 59
 The following voted Present:
 None

 The Abstained:
 None

 The following were present but did not vote:
 None

 A total of 4 votes were cast. The motion carried.
IV. Board Bills for Review
 None
V. Resolutions for Review
 (The committee will discuss and take public comment on the following)
 Resolution Number 33
 Introduced by Alderwoman Anne Schweitzer, Shane Cohn, Michael
 Browning, Laura Keys NOW, THEREFORE, BE IT RESOLVED by the
 Board of Aldermen of the City of St. Louis that the Board of Aldermen
 hereby recommends that the Port Authority participate in an industrial
 revenue bond transaction with the Company to provide 10 years of 80%
 personal property tax abatement for the Project.
 The Chair recognized Ms. Schweitzer to introduce Resolution Number 33
 before the committee.

 Ms. Schweitzer gave a brief description of Resolution Number 33.

 After no further discussion, Ms. Schweitzer recognized Bob Chapin, Operator
 of Winland Foods to speak about the company.

 Mr. Chapin gave a background history of the company. He explained how
 long they've been in business, what pasta products they manufacture, and the
 expansion of the company and how many jobs the company's expansion
 would create.

 After no further discussion, the Chair opened the discussion up to members of
 the committee for questions and comments.

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 Page 4 of 59
Hearing no questions or comments from members of the committee, the Chair
opened the discussion up to members of the public for public testimony.

In Opposition to Resolution Number 33 as Amended.
1. Gerry Connelly

After no further testimony from members of the public, the Chair opened the
discussion up to members of the committee for questions and comments.

Hearing no questions or comments from members of the Public, the Chair
entertained a motion to pass Resolution Number 33 as Amended out of
committee with a Do Pass Recommendation.

Mr. Narayan moved to pass Resolution Number 33 as Amended out of
committee with a Do Pass Recommendation.

Seconded by Ms. Cox Antwi.

Ms. Schweitzer requested the previous roll.

Hearing no objection to the previous roll, the Clerk stated that
Resolution Number 33 as Amended passed out of committee with a Do
Pass Recommendation.

The Associate Clerk recorded the previous roll and the following votes were
recorded.
The following voted Aye: Mr. Narayan, Ms. Schweitzer, Ms. Cox Antwi and
Chair Cohn. 4 Aye votes were cast.

The following voted No:
None

The following voted Present:
None

The following Abstained:
None



 Page 3 of 5


 Page 5 of 59
 The following were present but did not vote.
 None

 A total of 4 Aye votes were cast. The motion carried.
VI. Committee Discussions
 None
 None
VII. Acknowledgment of Any Written Testimony
 None
VIII. Announcements
 None
IX. Excused Members
 The Chair excused Mr. Oldenburg for necessary absence.
X. Adjournment
 Having no other business to discuss, the Chair entertained a motion to
 adjourn the meeting.

 Schweitzer moved to adjourn the meeting.

 Seconded by Ms. Cox Antwi.

 Ms. Cox Antwi requested the previous roll.

 Hearing no objection to the previous roll, the Chair stated that the meeting
 was adjourned.

 The Associate Clerk recorded the previous roll and the following votes were
 recorded.
 The following voted Aye: Mr. Narayan, Ms. Schweitzer, Ms. Cox Antwi, and
 Chair Cohn. 4 Aye votes were cast.

 The following voted No:
 None

 Page 4 of 5


 Page 6 of 59
 The following voted Present:
 None

 The following Abstained:
 None

 The following were present but did not vote:
 None

 A total of 4 votes were cast. The motion carried.

 The meeting adjourned at 9:21am.
[MIN_SIGNATURES]




 Page 5 of 5


 Page 7 of 59
Summary
Board Bill Number 46
Sponsored by Alderman Rasheen Aldridge
Date: June 18, 2026

This Board Bill amends Ordinance 71302 and authorizes the execution of a First Amendment
Lease Agreement between The City of St. Louis, Missouri (the “City”) and United Fruit and
Produce Company (“Lessee”) for certain land at or near 5 Clinton Street under certain terms and
conditions for a period of (5) years, at a rate of $1,192.50 for the first year and increasing by three
(3) percent each year thereafter, with three (3) mutual options to extend for five (5) additional
years.




 Page 8 of 59
 BOARD BILL NUMBER 46 INTRODUCED BY ALDERMAN RASHEEN ALDRIDGE

 1 An Ordinance amending Ordinance No. 71302, which ordinance relates to an original Lease

 2 Agreement dated January 1, 2021, between The City of St. Louis, Missouri (the “City”) and United

 3 Fruit and Produce Company (“Lessee”), and authorizing the execution of a First Amendment to

 4 Lease Agreement between the City and Lessee for certain land at or near 5 Clinton Street under

 5 certain terms and conditions as set forth in the First Amendment, attached hereto as Exhibit A,

 6 and containing a severability clause.

 7 WHEREAS, the City, by Ordinance No. 71302, did lease to Lessee beginning on January

 8 1, 2021 certain land at or near 5 Clinton Street; and

 9 WHEREAS, the City and Lessee desire to enter into a First Amendment to Lease

10 Agreement for the first five (5) year mutual option under certain terms and conditions with a base

11 rent of $1,192.50 for 2026 subject to a 3% annual adjustment as set forth in Exhibit A hereto.

12 BE IT ORDAINED BY THE CITY OF ST. LOUIS AS FOLLOWS:

13 SECTION ONE. Ordinance No. 71302 is hereby amended to provide for a First

14 Amendment to Lease Agreement with Lessee for certain land at or near 5 Clinton Street for a

15 period of five (5) years with three more five (5) year mutual options at a rate of $1,192.50 for 2026

16 subject to a 3% annual adjustment as set forth in Exhibit A hereto.

17 SECTION TWO. The Board of Aldermen hereby approves, and the Mayor and

18 Comptroller are hereby authorized to execute, on behalf of the City, said First Amendment to

19 Lease Agreement.

20 SECTION THREE. The Mayor and Comptroller or their designated representatives are

21 hereby authorized to take any and all actions, and to execute and deliver for and on behalf of the

22 City any and all additional certificates, documents, agreements or other instruments, as may be
 Page 1 of 2
 Board Bill Number 46
 Aldridge
 June 18, 2026

 Page 9 of 59
 1 necessary and appropriate in order to carry out the matters herein authorized, with no such further

 2 action of the Board of Aldermen necessary to authorize such action by the Mayor and Comptroller

 3 or their designated representatives.

 4 SECTION FOUR. The Mayor and Comptroller or their designated representatives, with

 5 the advice and concurrence of the City Counselor and the Port Commission, are hereby further

 6 authorized to make any changes to the documents, agreements and instruments approved and

 7 authorized by this Ordinance as may be consistent with the intent of this Ordinance and necessary

 8 and appropriate in order to carry out the matters herein authorized, with no such further action of

 9 the Board of Aldermen necessary to authorize such changes.

10 SECTION FIVE. It is hereby declared to be the intention of the Board of Aldermen that

11 each and every part, section and subsection of this Ordinance shall be separate and severable from

12 each and every other part, section and subsection hereof and that the Board of Aldermen intends

13 to adopt each said part, section and subsection separately and independently of any other part,

14 section and subsection. In the event that any part, section or subsection of this Ordinance shall be

15 determined to be or to have been unlawful or unconstitutional, the remaining parts, sections and

16 subsections shall be and remain in full force and effect, unless the court making such finding shall

17 determine that the valid portions standing alone are incomplete and are incapable of being executed

18 in accord with the legislative intent.

19 SECTION SIX. After adoption of this Ordinance by the Board of Aldermen, this

20 Ordinance shall become effective on the 30th day after its approval by the Mayor or adoption over

21 her veto.




 Page 2 of 2
 Board Bill Number 46
 Aldridge
 June 18, 2026

 Page 10 of 59
 FISCAL NOTE 46
 BOARD BILL NUMBER

Preparer’s Name: James Morrow

Contact Information: morrowj@stlouis-mo.gov

Bill Sponsor: Alderman Rasheen Aldridge

  Bill Synopsis: This Board Bill amends Ordinance 71302 and authorizes the execution
 of a First Amendment Lease Agreement between The City of St. Louis,
 Missouri (the “City”) and United Fruit and Produce Company
 (“Lessee”) for certain land at or near 5 Clinton Street under certain
 terms and conditions for a period of (5) years, at a rate of $1,192.50 for
 the first year and increasing by three (3) percent each year thereafter,
 with three (3) mutual options to extend for five (5) additional years.
  Type of Impact: None

  Agencies Affected: None


 SECTION A
 Does this bill authorize:

 An expansion of services which entails additional costs beyond that approved in the current adopted
  city budget? ____Yes __X__No

 An undertaking of a new service for which no funding is provided in the current adopted city budget?
 ____Yes __X__No

 A commitment of city funding in the future under certain specified conditions?
 ____Yes __X__No

 An issuance of bonds, notes and lease-purchase agreements which may require additional funding
  beyond that approved in the current adopted city budget?
 ____Yes __X__No

 An execution or initiation of an activity as a result of federal or state mandates or requirements?
 ____Yes __X__No

 A capital improvement project that increases operating costs over the current adopted city budget?
 ____Yes __X__No




 (01/2017)


 Page 11 of 59
 A capital improvement project that requires funding not approved in the current adopted city budget
  or that will require funding in future years? ____Yes __X__No

If the answer is yes to any of the above questions, then a fiscal note must be attached to the board
 bill. Complete Section B of the form below.




 2

 Page 12 of 59
 SECTION B

 Does the bill require the construction of any new physical facilities? ____Yes _X___No

 o If yes, describe the facilities and provide the estimated cost:
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________


 Is the bill estimated to have a direct fiscal impact on any city department or office?
 ____Yes _ X___No
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________


 Does the bill create a program or administrative subdivision? ____Yes _ X__No

 o  If yes, then is there a similar existing program or administrative subdivision?
 ____Yes ____No
 o If yes, explain the how the proposed programs or administrative subdivisions may overlap:
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________


 Describe the annual operating, equipment, and maintenance costs that would result from the proposed
  bill, as well as any funding sources:
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________



Complete the chart below to list the total estimated expenditures required of the City resulting from the
proposed board bill and any estimated savings or additional revenue.


 3

 Page 13 of 59
 Financial Estimate of Impact on General Fund
 Fiscal Impact Year 1 (current) Year 2 Year 3
 Additional Expenditures N/A N/A N/A
 Additional Revenue N/A N/A N/A
 Net N/A N/A N/A
 Financial Estimate of Impact on Special Funds
 Fiscal Impact Year 1 (current) Year 2 Year 3
 Additional Expenditures N/A N/A N/A
 Additional Revenue $1,192.50 $1,228.28 $1,265.12
 Net $1,192.50 $1,228.28 $1,265.12

 Describe any assumptions used in preparing this fiscal note:

 Revenue values reflect lease payment amounts specificed in the Board Bill. Pursuant to Section
 21.36.040 of the City Code, the receiving fund will be the Port Development Fund for later
 appropriation requests by the Port Commission.

 List any sources of information (including any City officials, agencies, or departments) used in
  preparing this fiscal note:

 Lease Agreement Amendment, Section 21.36.040 of the City Code.


 Have the financial estimates of this bill been verified by the City Budget Division?
 ____Yes __X__No

 o If yes, by whom? _______________________________ .




 4

 Page 14 of 59
BOARD BILL NUMBER 46
EXHIBIT A
 FIRST AMENDMENT TO LEASE AGREEMENT

THIS FIRST AMENDMENT TO LEASE AGREEMENT (this “First Amendment”) is entered
into as of the 1st day of January, 2026 (“Effective Date”) by and among the CITY OF ST. LOUIS,
MISSOURI, a constitutionally chartered city organized and existing under the laws of the State
of Missouri (“Lessor”) and UNITED FRUIT AND PRODUCE COMPANY, a Missouri
corporation (“Lessee”).

RECITALS:

WHEREAS, Lessee and Lessor are parties to that certain Lease Agreement dated as of the 1st day
of January, 2021 (the “Lease Agreement”) for certain land described on Exhibit A attached hereto;

WHEREAS, on January 7, 2026, Lessee confirmed that it desired to exercise its first option to
extend the term of the lease for an additional five (5) year period, attached as Exhibit B;

WHEREAS, Lessor and Lessee desire to amend certain provisions of the Lease to reflect such
extension and other changes to the Lease;

NOW, THEREFORE, in consideration of the foregoing premises, the mutual covenants herein
contained and each act performed hereunder by the parties, Lessor and Lessee hereby agree that
the Lease is amended as follows:

1. Capitalized Terms. Except to the extent specifically defined herein, all capitalized terms set
forth in this First Amendment shall have the meaning as defined in the Lease.

2. Incorporation of Recitals. The above recitals are hereby incorporated into this First
Amendment as if fully set forth herein.

3. Extension of Term. The term of the Lease is hereby extended for five (5) years, that is from
January 1, 2026 through December 31, 2030 (“Extension Term”).

4. Base Rent. Commencing on January 1, 2026, Lessee shall pay to Lessor the annual rent
pursuant to the below schedule. Payment shall be paid in equal monthly installments on the first
day of each month during the Extension Term in the same time, manner and place as set forth in
the Lease. Annual rental shall increase by three percent (3%) annually in accordance with the
following rent schedule:

 Period Annual Base Rental
 January 1, 2026 – December 31, 2026 $1,192.50
 January 1, 2027 – December 31, 2027 $1,228.28
 January 1, 2028 – December 31, 2028 $1,265.12
 January 1, 2029 – December 31, 2029 $1,303.08
 January 1, 2030 – December 31, 2030 $1,342.17


 1

 Page 15 of 59
5. Amendment to Option Periods. The last two sentences of Section 4 of the Lease Agreement
(“Option Periods”) are hereby removed and amended to read as follows:

 The Port Authority shall notify Lessee in writing if the Lease will terminate at the
 expiration of the initial Term or current Option Period, as the case may be, or if the
 Port Authority will agree to extend the Term for an additional Option Period in
 accordance with the terms of this Lease and a Base Rent mutually acceptable to
 Lessee, the Port Authority, and Lessor’s Board of Public Service, provided
 however, the Port Authority and Lessor’s Board of Public Service shall not agree
 to a Base Rent which is not at least 3% more than the Base Rent of the last lease
 year of the prior Option Period and which does not increase by at least 3% each
 lease year. If Lessee, the Port Authority and Lessor’s Board of Public Service fail
 to agree upon a mutually agreeable Base Rent for the Option Period, the Lease will
 terminate at the expiration of the initial Term or current Option Term, as the case
 may be.

6. Renewal Options. The parties acknowledge and agree that Lessee has three (3) remaining
additional five (5) year mutual options to renew the term of the Lease in accordance with the terms
and conditions in the Lease.

7. Representations and Warranties. Lessee hereby represents and warrants that (i) Lessee is duly
organized, validly existing and in good standing in accordance with the laws of the State under
which it was organized; (ii) Lessee is authorized to do business in the State of Missouri; (iii) the
individual(s) executing and delivering this First Amendment on behalf of Lessee has been properly
authorized to do so, and such execution and delivery shall bind Lessee to its terms; and (iv) Lessee
hereby ratifies acceptance of the leased premises, in its present “AS IS” condition, and
acknowledges that Lessor has no obligation to construct or install any improvements within the
leased premises.

8. Examination of First Amendment. Submission of this instrument for examination or signature
to Lessee does not constitute a reservation or option, and it is not effective until execution by and
delivery to both Lessor and Lessee.

9. Counterpart Execution. The parties acknowledge that this First Amendment may be executed
in counterparts and exchanged by electronic mail transmission, and that the electronic mail copies
of each party’s respective signature shall be binding as if the same were an original signature.

10. Incorporation. This First Amendment shall be incorporated into and made a part of the Lease,
and all provisions of the Lease not expressly modified or amended hereby shall remain in full force
and effect.

 [Remainder of Page Left Blank; Signature Page Follows]




 2

 Page 16 of 59
IN WITNESS WHEREOF, the parties have caused this First Amendment to be executed by their
respective officers or officials.

LESSOR: LESSEE:

The City of St. Louis United Fruit and Packaging Company


By: By:
 Cara Spencer, Mayor Name: _____________________________
 Title: _____________________________

By: ________________________________
 Donna Baringer, Comptroller

ATTEST:


By: ________________________________
 Amber Simms, City Register


APPROVED AS TO FORM ONLY:


By:_______________________________
 Michael Garvin, City Counselor




 3

 Page 17 of 59
 STATE OF MISSOURI )
 ) SS
 CITY OF ST. LOUIS )


On this ______ day of ________________, 2026, before me personally appeared Cara Spencer,
to me personally known or satisfactory proven, who, being by me duly sworn did say that she is
the Mayor of the City of St. Louis and that she is authorized to execute this First Amendment on
behalf of the City of St. Louis under the authority of Ordinance
and acknowledged said instrument to be the free act and deed of the City of St. Louis.

IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal in the City
and State aforesaid, the day and year first above written.


 Notary Public


 My Commission Expires:
 _________________




 4

 Page 18 of 59
 STATE OF MISSOURI )
 ) SS
 CITY OF ST. LOUIS )


On this ______ day of ________________, 2026, before me personally appeared Donna Baringer,
to me personally known or satisfactory proven, who, being by me duly sworn did say that she is
the Comptroller of the City of St. Louis and that she is authorized to execute this First Amendment
on behalf of the City of St. Louis under the authority of Ordinance _______________ and
acknowledged said instrument to be the free act and deed of the City of St. Louis.

IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal in the City
and State aforesaid, the day and year first above written.


 Notary Public


 My Commission Expires:
 _________________




 5

 Page 19 of 59
STATE OF )
 ) SS
C OF )

On this ____ day of ______________, 20__, before me appeared _______________________, to
me personally known or satisfactorily proven, who, being by me duly sworn did say that s/he is
the __________________________ of United Fruit and Packaging Company, a Missouri
corporation, and that said instrument was signed in behalf of said entity, by authority of its
__________________________; and acknowledged said instrument to be the free act and deed of
said entity.

IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal in the City
and State aforesaid, the day and year first above written.

 ________________________________

 Notary Public


My Commission Expires: _________________




 6

 Page 20 of 59
Summary
Board Bill Number 46
Sponsored by Alderman Rasheen Aldridge
Date: June 18, 2026

This Board Bill amends Ordinance 71302 and authorizes the execution of a First Amendment
Lease Agreement between The City of St. Louis, Missouri (the “City”) and United Fruit and
Produce Company (“Lessee”) for certain land at or near 5 Clinton Street under certain terms and
conditions for a period of (5) years, at a rate of $1,192.50 for the first year and increasing by three
(3) percent each year thereafter, with three (3) mutual options to extend for five (5) additional
years.




 Page 21 of 59
Summary
Board Bill Number 51
Introduced by Alderman Shane Cohn
June 18, 2026

An ordinance recommended by the Board of Estimate and Apportionment authorizing and
directing the issuance, establishment of terms and sale of Airport Revenue Bonds not to exceed
$________ million to [effect the refunding of all or a portion of the City’s subordinated
indebtedness incurred to provide interim financing and refinancing for the acquisition,
expansion, construction, renovation and equipping or airport facilities and to finance the cost of
the purchasing, extension, improvement or enlargement of the airport]; providing for the funding
of any required debt service reserve funds and capitalized interest funds and for the payment of
costs of issuance; appointing a trustee; approving and authorizing the preparation, execution and
delivery of necessary or appropriate documents and actions; repealing inconsistent prior
ordinances; and containing severability and emergency clauses.




 Page 22 of 59
 BOARD BILL NUMBER 51 INTRODUCED BY ALDERMAN SHANE COHN


1 An Ordinance recommended by the Board of Estimate and Apportionment authorizing and

2 directing the issuance, establishment of terms and sale of Airport Revenue Bonds not to exceed

3 $________ million to [effect the refunding of all or a portion of the City’s subordinated

4 indebtedness incurred to provide interim financing and refinancing for the acquisition, expansion,

5 construction, renovation and equipping or airport facilities and to finance the cost of the

 6 purchasing, extension, improvement or enlargement of the airport]; providing for the funding of

 7 any required debt service reserve funds and capitalized interest funds and for the payment of costs

 8 of issuance; appointing a trustee; approving and authorizing the preparation, execution and

 9 delivery of necessary or appropriate documents and actions; repealing inconsistent prior

10 ordinances; and containing severability and emergency clauses.

11 WHEREAS, The City of St. Louis, Missouri (the “City”) owns an airport known as St.

12 Louis Lambert International Airport (the “Airport ) which is operated by the St. Louis Airport

13 Authority of the City; and

14 WHEREAS, pursuant to Article VI, Section 27 of the Constitution of the State of Missouri,

15 as amended, and ordinances numbered 51342, 54813, 55647, 57110, 57613, 58328 and 58761, the

16 City previously financed the purchase, construction, extension and improvement of the Airport by

17 the issuance of $178,000,000 aggregate principal amount of its airport revenue bonds (the “Prior

18 Outstanding Obligations”), which Prior Outstanding Obligations have since been economically

19 defeased, as further described herein; and




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 1 WHEREAS, the City entered into an Indenture of Trust dated as of October 15, 1984 (the

 2 “Original Indenture”), with Mercantile Trust Company National Association, a predecessor of

 3 State Street Bank & Trust Company of Missouri, N.A., a predecessor of UMB Bank, N.A.

 4 (formerly known as UMB Bank of St. Louis, N.A.) (the “Trustee”), providing for the issuance of

 5 Airport Revenue Bonds of the City, which Original Indenture has been amended, supplemented

 6 and restated from time to time, including by the Amended and Restated Indenture of Trust dated

 7 as of September 10, 1997 (which Original Indenture, as so amended, supplemented and restated

 8 and in effect from time to time is referred to herein as the “Revised Indenture”), which Revised

 9 Indenture has been amended, supplemented and restated from time to time, including by the

10 Amended and Restated Indenture of Trust dated as of July 1, 2009 (which Revised Indenture, as

11 so amended, supplemented and restated and in effect from time to time is referred to herein as the

12 “Restated Indenture”); and

13 WHEREAS, on November 29, 1984, the City issued $167,095,000 aggregate principal

14 amount of its Airport Revenue Bonds, Series 1984 (the “Series 1984 Bonds”) pursuant to the

15 Original Indenture for the purpose, among other things, of economically defeasing the Prior

16 Outstanding Obligations; and

17 WHEREAS, on August 4, 1987, the City issued $52,000,000 aggregate principal amount

18 of its Airport Revenue Bonds, Series 1987 (the “Series 1987 Bonds”) pursuant to a First

19 Supplemental Indenture of Trust dated as of July 1, 1987 between the City and the Trustee for the

20 purpose of financing the construction, improvement, expansion and equipping of the Airport;

21 WHEREAS, on November 5, 1991, the qualified electors of the City approved the

22 issuance by the City of Airport Revenue Bonds in the amount of $1,500,000,000 for the purpose

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 1 of paying the costs of purchasing, constructing, extending and improving airports to be owned by

 2 the City (the “1991 Voter Approval”); and

 3 WHEREAS, on April 8, 2003, the qualified electors of the City approved the issuance by

 4 the City of Airport Revenue Bonds in the amount of $2,000,000,000 for the purpose of paying the

 5 costs of purchasing, constructing, extending and improving airports to be owned by the City (the

 6 “2003 Voter Approval”, and together with the 1991 Voter Approval, the “Voter Approval”); and

 7 WHEREAS, pursuant to Section 3 of Article XVII of the City Charter, refunding bonds

 8 do not require voter approval and therefore do not count against the amount of bonds available to

 9 be issued pursuant to Voter Approval; and

10 WHEREAS, on November 25, 1992, the City issued $109,125,000 aggregate principal

11 amount of its Airport Revenue Improvement and Refunding Bonds, Series 1992 (the “Series 1992

12 Bonds”) pursuant to a Second Supplemental Indenture of Trust dated as of November 15, 1992

13 between the City and the Trustee for the purpose of providing funds (i) to refund the St. Louis

14 Lambert International Airport Corporation’s Lease Revenue Bonds (Noise Mitigation Project),

15 Series 1990 which provided funds for the acquisition of land in connection with the Airport noise

16 abatement program, and (ii) for further land acquisition, airfield improvements and expansion of

17 the terminal facility and related improvements; and

18 WHEREAS, on September 9, 1993, the City issued $121,720,000 aggregate principal

19 amount of its Taxable Airport Revenue Refunding Bonds, Series 1993 (the “Taxable Series 1993

20 Refunding Bonds”) pursuant to a Third Supplemental Indenture of Trust dated as of August 1,

21 1993, between the City and the Trustee for the purpose of refunding all the outstanding Series

22 1984 Bonds; and

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 1 WHEREAS, on December 14, 1993, the City issued $65,405,000 aggregate principal

 2 amount of its Taxable Airport Revenue Bonds, Series 1993A (the “Taxable Series 1993A Bonds”)

 3 pursuant to a Fourth Supplemental Indenture of Trust dated as of December 1, 1993, between the

 4 City and the Trustee for the purpose of financing the cost of purchasing the leasehold interests of

 5 certain property of Trans World Airlines, Inc.; and

 6 WHEREAS, on April 10, 1996, the City issued $37,760,000 aggregate principal amount

 7 of its Airport Revenue Refunding Bonds, Series 1996 pursuant to a Fifth Supplemental Indenture

 8 of Trust dated as of April 1, 1996, between the City and the Trustee for the purpose of refunding

 9 all the outstanding Series 1987 Bonds; and

10 WHEREAS, on September 10, 1997, the City issued $40,420,000 aggregate principal

11 amount of its Airport Revenue Bonds (Non-AMT), Series 1997A (the “Series 1997A Bonds”),

12 and $159,185,000 aggregate principal amount of its Airport Revenue Bonds (AMT), Series 1997B

13 (the “Series 1997B Bonds”) pursuant to a Sixth Supplemental Indenture of Trust dated as of

14 August 1, 1997, between the City and the Trustee for the purpose of funding certain capital

15 improvements at the Airport; and

16 WHEREAS, on December 17, 1998, the City issued $69,260,000 aggregate principal

17 amount of its Airport Revenue Refunding Bonds, Series 1998 (the “Series 1998 Bonds”) pursuant

18 to a Seventh Supplemental Indenture of Trust dated as of December 1, 1998, between the City and

19 the Trustee for the purpose of refunding a portion of the Series 1992 Bonds; and

20 WHEREAS, on August 2, 2000, the City issued $87,165,000 aggregate principal amount

21 of its Letter of Intent Double Barrel Revenue Bonds, Series 2000 (Lambert-St Louis International

22 Airport Project) (the “LOI Bonds”) pursuant to a Trust Indenture dated as of July 15, 2000 between

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 1 the City and the Trustee, for the purpose of financing the acquisition of certain land located

 2 adjacent to the Airport and funding the construction of certain improvements thereon; and

 3 WHEREAS, on May 15, 2001, the City issued $435,185,000 aggregate principal amount

 4 of its Airport Revenue Bonds, Series 2001A (Airport Development Program) (the “Series 2001A

 5 ADP Bonds”) pursuant to an Eighth Supplemental Indenture of Trust dated as of May 1, 2001, by

 6 and between the City and the Trustee for the purpose of financing the acquisition of certain land

 7 located adjacent to the Airport and funding certain capital improvements at the Airport; and

 8 WHEREAS, on December 19, 2002, the City issued $69,195,000 aggregate principal

 9 amount of its Airport Revenue Bonds (Capital Improvement Program) (Non-AMT), Series 2002A

10 (the “Series 2002A Bonds”), $31,755,000 aggregate principal amount of its Airport Revenue

11 Bonds (Capital Improvement Program (AMT), Series 2002B (the “Series 2002B Bonds”), and

12 $17,035,000 aggregate principal amount of its Airport Revenue Refunding Bonds (AMT), Series

13 2002C (the “Series 2002C Bonds”) pursuant to a Ninth Supplemental Indenture of Trust dated as

14 of December 1, 2002, by and between the City and the Trustee for the purpose of funding certain

15 capital improvements at the Airport and refunding all of the outstanding Series 1992 Bonds; and

16 WHEREAS, on February 25, 2003, the City issued $70,340,000 aggregate principal

17 amount of its Airport Revenue Refunding Bonds, Series 2003A (Non-AMT) (the “Series 2003A

18 Bonds”), pursuant to a Tenth Supplemental Indenture of Trust dated as of February 1, 2003,

19 between the City and the Trustee for the purpose of refunding all the outstanding LOI Bonds; and

20 WHEREAS, on May 29, 2003, the City issued $29,520,000 aggregate principal amount

21 of its Taxable Airport Revenue Refunding Bonds, Series 2003B, pursuant to an Eleventh

22 Supplemental Indenture of Trust dated as of May 1, 2003 between the City and the Trustee for the

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 1 purpose of refunding all the outstanding Taxable Series 1993 Refunding Bonds and all the

 2 outstanding Taxable Series 1993A Bonds; and

 3 WHEREAS, on May 26, 2004, the City authorized the issuance of its Airport Revenue

 4 Commercial Paper Notes, 2004 Program, Series A (Non-AMT), Series B (AMT) and Series C

 5 (Taxable) in the aggregate principal amount of up to $125,000,000 outstanding at any one time

 6 (the “CP Notes”), pursuant to a Commercial Paper Subordinate Indenture of Trust dated as of May

 7 1, 2004, between the City and UMB Bank, N.A., as trustee, to provide interim funds to finance

 8 and refinance Airport improvements, and in connection with the issuance of the CP Notes, certain

 9 amendments were made to the Restated Indenture pursuant to a Twelfth Supplemental Indenture

10 of Trust dated as of May 1, 2004, between the City and the Trustee; no CP Notes are outstanding;

11 and

12 WHEREAS, on July 7, 2005, the City issued $263,695,000 aggregate principal amount of

13 its Airport Revenue Refunding Bonds, Series 2005 (Non-AMT) (the “Series 2005 Bonds”)

14 pursuant to a Thirteenth Supplemental Indenture of Trust dated as of June 1, 2005, between the

15 City and the Trustee for the purpose of refunding and restructuring a portion of the Series 1997A

16 Bonds, the Series 2001A ADP Bonds and the Series 2002A Bonds; and

17 WHEREAS, on January 23, 2007, the City issued $231,275,000 aggregate principal

18 amount of its Airport Revenue Refunding Bonds, Series 2007A (Non-AMT) (the “Series 2007A

19 Bonds”) pursuant to a Fourteenth Supplemental Indenture of Trust dated as of January 1, 2007, by

20 and between the City and the Trustee for the purpose of refunding a portion of the Series 2001A

21 ADP Bonds and the Series 2002A Bonds; and




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 1 WHEREAS, on April 3, 2007, the City issued $104,735,000 aggregate principal amount

 2 of its Airport Revenue Refunding Bonds, Series 2007B (AMT) (the “Series 2007B Bonds”)

 3 pursuant to a Fifteenth Supplemental Indenture of Trust dated as of January 1, 2007 and effective

 4 as of April 3, 2007, by and between the City and the Trustee for the purpose of refunding a portion

 5 of the Series 1997B Bonds; and

 6 WHEREAS, on July 14, 2009, the City issued $107,240,000 aggregate principal amount

 7 of its Airport Revenue Bonds, Series 2009A-1 (the “Series 2009A-1 Bonds”) and $22,730,000

 8 aggregate principal amount of its Airport Revenue Bonds, Series 2009A-2 (the “Series 2009A-2

 9 Bonds”), pursuant to a Sixteenth Supplemental Indenture of Trust dated as of July 1, 2009, by and

10 between the City and the Trustee for the purpose of funding certain capital improvements at the

11 Airport; and

12 WHEREAS, on June 27, 2011, the City issued $5,910,000 aggregate principal amount of

13 its Airport Revenue Refunding Bonds, Series 2011A and $23,625,000 aggregate principal amount

14 of its Airport Revenue Refunding Bonds, Series 2011B, pursuant to a Seventeenth Supplemental

15 Indenture of Trust dated as of June 1, 2011 by and between the City and the Trustee for the purpose

16 of refunding the Series 1998 Bonds and the Series 2009A-2 Bonds; and

17 WHEREAS, on June 28, 2012, the City issued $31,395,000 aggregate principal amount

18 of its Airport Revenue Refunding Bonds, Series 2012 (AMT) (the “Series 2012 Bonds”), pursuant

19 to an Eighteenth Supplemental Indenture of Trust dated as of June 1, 2012 by and between the

20 City and the Trustee for the purpose of refunding the Series 2002B Bonds and the Series 2002C

21 Bonds; and




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 1 WHEREAS, on June 20, 2013, the City issued $31,460,000 aggregate principal amount

 2 of its Airport Revenue Refunding Bonds, Series 2013 (Non-AMT) (the “Series 2013 Bonds”)

 3 pursuant to a Nineteenth Supplemental Indenture of Trust dated as of June 1, 2013 between the

 4 City and the Trustee for the purpose of refunding the Series 2003A Bonds; and

 5 WHEREAS, on June 25, 2015, the City issued $17,310,000 aggregate principal amount

 6 of its Airport Revenue Refunding Bonds, Series 2015 (Non-AMT) (the “Series 2015 Bonds”),

 7 pursuant to a Twentieth Supplemental Indenture of Trust dated as of June 1, 2015 by and between

 8 the City and the Trustee, for the purpose of refunding a portion of the Series 2005 Bonds; and

 9 WHEREAS, on June 28, 2017, the City issued $125,410,000 aggregate principal amount

10 of its Airport Revenue Refunding Bonds, Series 2017A (Non-AMT) and $74,715,000 aggregate

11 principal amount of its Airport Revenue Refunding Bonds, Series 2017B (AMT) (collectively, the

12 “Series 2017 Refunding Bonds”), pursuant to a Twenty-First Supplemental Indenture of Trust

13 dated as of June 1, 2017, by and between the City and the Trustee for the purpose of refunding a

14 portion of the Series 2007A Bonds and all of the outstanding Series 2007B Bonds; and

15 WHEREAS, on June 28, 2017, the City issued $31,700,000 aggregate principal amount

16 of its Airport Revenue Bonds, Series 2017C (Non-AMT) and $26,605,000 aggregate principal

17 amount of its Airport Revenue Bonds, Series 2017D (AMT) (collectively, the “Series 2017 Project

18 Bonds” and, together with the Series 2017 Refunding Bonds, collectively, the “Series 2017

19 Bonds”), pursuant to a Twenty-Second Supplemental Indenture of Trust dated as of June 1, 2017,

20 by and between the City and the Trustee for the purpose of funding certain capital improvements

21 at the Airport; and




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 1 WHEREAS, on June 27, 2019, the City issued $13,235,000 aggregate principal amount

 2 of its Airport Revenue Bonds, Series 2019A (Non-AMT) and $8,440,000 aggregate principal

 3 amount of its Airport Revenue Bonds, Series 2019B (AMT) (collectively, the “Series 2019 Project

 4 Bonds”) pursuant to a Twenty-Third Supplemental Indenture of Trust dated as of June 1, 2019, by

 5 and between the City and the Trustee for the purpose of funding certain capital improvements at

 6 the Airport; and

 7 WHEREAS, on June 27, 2019, the City issued $75,470,000 aggregate principal amount

 8 of its Airport Revenue Refunding Bonds, Series 2019C (Non-AMT) (the “Series 2019 Refunding

 9 Bonds” and, together with the Series 2019 Project Bonds, collectively, the “Series 2019 Bonds”),

10 pursuant to a Twenty-Fourth Supplemental Indenture of Trust dated as of June 1, 2019, by and

11 between the City and the Trustee for the purpose of refunding all of the Series 2009A-1 Bonds;

12 and

13 WHEREAS, on May 24, 2022, the City issued $14,335,000 aggregate principal amount

14 of its Airport Revenue Refunding Bonds, Series 2022A (AMT) (the “Series 2022 Bonds”),

15 pursuant to a Twenty-Fifth Supplemental Indenture of Trust dated as of May 1, 2022, by and

16 between the City and the Trustee for the purpose of refunding all of the outstanding Series 2012

17 Bonds; and

18 WHEREAS, on February 9, 2023, the City issued $60,080,000 aggregate principal amount

19 of its Airport Revenue Bonds, Series 2023A (Non-AMT) and $4,855,000 of Airport Revenue

20 Bonds, Series 2023B (AMT) (collectively, the “Series 2023 Project Bonds”), pursuant to a

21 Twenty-Sixth Supplemental Indenture of Trust dated as of February 1, 2023, by and between the

22 City and the Trustee for the purpose of funding certain capital improvements at the Airport; and

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 1 WHEREAS, on June 11, 2024, the City issued $279,595,000 aggregate principal amount

 2 of its Airport Revenue Bonds, Series 2024A (Non-AMT) and $7,765,000 of Airport Revenue

 3 Bonds, Series 2024B (AMT) (collectively, the “Series 2024 Project Bonds”), pursuant to a

 4 Twenty-Seventh Supplemental Indenture of Trust dated as of June 1, 2024, by and between the

 5 City and the Trustee for the purpose of funding certain capital improvements at the Airport; and

 6 WHEREAS, portions of the Series 2005 Bonds (approximately $__________), the Series

 7 2007A Bonds (approximately $__________), the Series 2015 Bonds (approximately

 8 $__________), the Series 2017 Bonds (approximately $__________ of Series 2017 Refunding

 9 Bonds and approximately $__________ of Series 2017 Project Bonds), the Series 2019 Bonds

10 (approximately $__________ of the Series 2019 Project Bonds and approximately $__________

11 of the Series 2019 Refunding Bonds), the Series 2022 Bonds (approximately $__________), the

12 Series 2023 Project Bonds (approximately $__________), and the Series 2024 Project Bonds

13 (approximately $__________) were outstanding under the Restated Indenture as of [June 30, 2025]

14 (collectively, the “Outstanding Bonds”); and

15 WHEREAS, pursuant to the ordinance numbered 71876, the City authorized and directed

16 the establishment of an interim financing program to incur indebtedness with an aggregate

17 principal amount not to exceed $650,000,000 outstanding at any one time to provide funds to

18 finance and refinance the acquisition, construction, renovation and equipping of Airport facilities,

19 pay capitalized interest and pay costs of issuance and authorized and directed the issuance of

20 Refunding Bonds (as defined in the Restated Indenture) to refinance such interim indebtedness;

21 and




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 1 WHEREAS, on February 27, 2025, the City entered into a Revolving Credit Agreement

 2 (the “Credit Agreement”) with PNC Bank (“PNC”), pursuant to which PNC has agreed to provide

 3 a revolving credit facility in the maximum aggregate principal amount of $225,000,000 available

 4 to the City for the purpose of providing interim funds to finance and refinance the acquisition,

 5 construction, renovation and equipping of Airport facilities, pay capitalized interest and pay costs

 6 of issuance; and,

 7 WHEREAS, in connection with the execution and delivery of the Credit Agreement, the

 8 City issued its Airport Junior Lien Revenue Bank Notes (PNC), Series One (AMT), Series Two

 9 (Non-AMT); and Series Three (Taxable) in the aggregate principal amount of $225,000,000

10 (collectively, the “Junior Lien Bank Notes”); pursuant to a Master Indenture of Trust Junior Lien

11 dated as of February 1, 2025, as amended and supplemented by a Junior Lien First Supplemental

12 Indenture of Trust dated as of February 1, 2025 (together, the “Junior Lien Indenture”), by and

13 between the City and UMB Bank, N.A., as trustee, to evidence the loans and secure the obligations

14 of the City under the Credit Agreement and the Junior Lien Bank Notes; and

15 WHEREAS, the Junior Lien Bank Notes constitute Subordinated Indebtedness under the

16 Restated Indenture that are junior and subordinate in all respects to the Outstanding Bonds and any

17 additional parity bonds issued pursuant to the Restated Indenture as to lien on and source of

18 security for payment; and

19 WHEREAS, the Junior Lien Bank Notes (approximately $_________ outstanding) are the

20 only obligations outstanding under the Junior Lien Indenture as of __________, 2026; and

21 WHEREAS, the City is authorized under the Constitution and laws of the State of Missouri

22 to issue, sell and negotiate its interest-bearing revenue bonds for the purpose of financing or

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 1 refinancing all or a part of the costs of purchasing, constructing, extending or improving airports;

 2 and

 3 WHEREAS, because a public purpose is served by refunding all or a portion of the

 4 outstanding Junior Lien Bank Notes, financing the 2026 Project (as hereinafter defined),

 5 reimbursing the City for certain Airport capital expenditures, funding capitalized interest on the

 6 Series 2026 Bonds (as hereinafter defined), if any, for up to the later to occur of three (3) years

 7 after the date of issuance of the Series 2026 Bonds or one (1) year after the 2026 Project is placed

 8 in service, funding a debt service reserve account, if required, and to pay the costs associated with

 9 issuing the Series 2026 Bonds, including premiums for any bond insurance or surety, and in order

10 to enhance Airport operations, the City is now prepared to issue and sell its Airport Revenue

11 Bonds, Series 2026, St. Louis Lambert International Airport (as hereinafter defined) in one or more

12 series in an aggregate principal amount not to exceed _________________________ Million

13 Dollars ($__________), the proceeds of which, together with other available funds, if any, will be

14 used for the purposes described herein, and which Series 2026 Bonds shall be comprised of one or

15 more series of Additional Bonds issued pursuant to the Restated Indenture (the “Series 2026

16 Project Bonds”) and one or more series of Refunding Bonds issued pursuant to the Restated

17 Indenture (the “Series 2026 Refunding Bonds” and together with the Series 2026 Project Bonds,

18 the “Series 2026 Bonds”); and

19 WHEREAS, the Restated Indenture will be further amended and supplemented pursuant

20 to one or more Supplemental Indentures of Trust (the “New Supplemental Indenture”) by and

21 between the City and the Trustee pursuant to which the Series 2026 Bonds are being authorized to

22 be issued; and

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1 WHEREAS, the Series 2026 Bonds shall be issued and secured under and pursuant to the

 2 Restated Indenture, as amended and supplemented by the New Supplemental Indenture; and

 3 WHEREAS, the City desires to enter into a Third Amended and Restated Indenture (the

 4 “Third Restated Indenture”) to amend, supplement and restate the Restated Indenture to, among

 5 other thing, update and modernize certain provisions thereof, revise certain terms and covenants,

 6 and make such other amendments as the City deems necessary or desirable in connection with the

 7 ongoing administration of Airport Revenue Bonds issued thereunder, such Third Restated

 8 Indenture to become effective only with the consent of the requisite percentage of bondholders

 9 and/or the Bond Insurers (as defined in the Revised Indenture) insuring such consenting Bonds;

10 and

11 WHEREAS, in connection with the issuance of the Series 2026 Bonds, it is necessary for

12 the City to enter into the New Supplemental Indenture, the Bond Purchase Agreement (as

13 hereinafter defined), the Tax Agreement (as hereinafter defined), the Continuing Disclosure

14 Agreement (as hereinafter defined) and certain other agreements in connection with the issuance

15 of the Series 2026 Bonds; and

16 WHEREAS, the Series 2026 Bonds shall state that the Series 2026 Bonds do not constitute

17 an indebtedness of the City within the meaning of any constitutional or statutory limitation and the

18 taxing power of the City is not pledged to the payment of the principal of, premium, if any, or

19 interest on the Series 2026 Bonds.

20 BE IT ORDAINED BY THE CITY OF ST. LOUIS, AS FOLLOWS:




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 1 SECTION ONE. Authorization of the Series 2026 Bonds.

 2 The City hereby authorizes and directs the issuance of the Series 2026 Bonds to (a) finance,

 3 among other things, a portion of the cost of the 2026 Project, and (b) refund all or a portion of the

 4 outstanding Junior Lien Bank Notes. The City hereby finds and declares that this Ordinance is

 5 being enacted pursuant to the laws of the State of Missouri, including particularly Chapter 108,

 6 Missouri Revised Statutes, as amended, and that the issuance of the Series 2026 Bonds is for the

 7 public purposes set forth in the recitals to this Ordinance.

 8 SECTION TWO. Maximum Principal Amount, Purpose, Terms and Provisions of the

 9 Series 2026 Bonds.

10 The Board of Aldermen, acting as the governing authority of the City, hereby authorizes

11 the City to issue the Series 2026 Bonds in or more series in in an aggregate principal amount not

12 to exceed ____________ Million Dollars ($_________). The proceeds of the Series 2026 Project

13 Bonds shall, together with other available funds, if any, be used to (a) fund a portion of the costs

14 of the construction, extension and improvement of the Airport and to reimburse the City for certain

15 prior Airport capital expenditures (collectively, the “2026 Project”); (b) fund all or a portion of

16 capitalized interest on the Series 2026 Bonds, if any, for up to the later to occur of three (3) years

17 after the date of issuance of the Series 2026 Bonds or one (1) year after the 2026 Project is placed

18 in service; (c) provide for the funding of any required debt service reserve funds; and (d) pay

19 certain costs of issuance of the Series 2026 Bonds and other related transaction costs, including

20 premiums for any bond insurance or surety. The proceeds of the Series 2026 Refunding Bonds

21 shall, together with other available funds, if any, be used to (a) refund all or a portion of the

22 outstanding Junior Lien Bank Notes; (b) provide for the funding of any required debt service

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 1 reserve funds; and (c) pay certain costs of issuance of the Series 2026 Refunding Bonds and other

 2 related transaction costs, including premiums for any bond insurance or surety. Subject to the

 3 terms of this Ordinance, the City hereby authorizes and directs the Mayor and the Comptroller, in

 4 the exercise of their sole discretion, to (a) determine and establish the aggregate principal amount

 5 of the Series 2026 Bonds and any series designations thereof, including the allocation thereof

 6 between Series 2026 Project Bonds and Series 2026 Refunding Bonds, (b) to determine whether

 7 any Series 2026 Project Bonds and Series 2026 Refunding Bonds shall be issued as single

 8 consolidated series or as separate series, and (c) to determine and establish the other terms and

 9 provisions of the Series 2026 Bonds.

10 SECTION THREE. Source of Payment; Security; Pledge.

11 The Series 2026 Bonds shall be secured and payable, as to principal, premium, if any, and

12 interest, solely from the sources and funds pledged under the Restated Indenture (as amended and

13 supplemented by the New Supplemental Indenture), including the revenues derived from the

14 operation of the Airport (the “Revenues”). Upon the issuance and sale of the Series 2026 Bonds,

15 the Revenues shall be and are hereby pledged to the payment of the Series 2026 Bonds, on a parity

16 with all Outstanding Bonds and any additional parity bonds, all as provided in the Restated

17 Indenture (as amended and supplemented by the New Supplemental Indenture). The Series 2026

18 Bonds shall be limited obligations of the City payable solely from the Revenues and shall not be

19 deemed to be an indebtedness of the State of Missouri, the City or of any political subdivision

20 thereof, and shall not be deemed to be an indebtedness within the meaning of any constitutional or

21 statutory limitation upon the incurring of indebtedness.




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 1 The Series 2026 Bonds shall bear such date or dates, mature at such time or times (not

 2 exceeding thirty-five (35) years from their date of issuance), bear interest at such rate or rates (not

 3 exceeding the limitations set forth herein) and be subject to redemption at such time or times as

 4 shall be approved by the Mayor and the Comptroller and provided for in the New Supplemental

 5 Indenture as executed and delivered by the City.

 6 The Series 2026 Bonds shall be issuable in such denominations, be in fully registered form

 7 without coupons, carry such registration and exchange privileges, and be payable in such medium

 8 of payment and at such place or places as the Restated Indenture may provide.

 9 SECTION FOUR. Appointment of Trustee, Bond Registrar, and Paying Agent.

10 UMB Bank, N.A. is hereby appointed Trustee, Bond Registrar and Paying Agent for the

11 Series 2026 Bonds under the Restated Indenture (as amended and supplemented by the New

12 Supplemental Indenture). Such appointment shall be effective immediately upon the execution

13 and filing of the New Supplemental Indenture with the Trustee.

14 SECTION FIVE. Authority to Prepare, Execute, Acknowledge and Deliver the New

15 Supplemental Indenture.

16 The Mayor and the Comptroller, with the advice and concurrence of the City Counselor,

17 are hereby authorized and directed to prepare, execute, acknowledge and deliver the New

18 Supplemental Indenture, in substantially the form of Exhibit 1, attached hereto and incorporated

19 herein by reference, such persons’ execution to constitute conclusive evidence of such acceptance.

20 In addition, the Register is hereby authorized to affix the corporate seal of the City to the New

21 Supplemental Indenture. The New Supplemental Indenture may include, but not be limited to,

22 (a) all provisions and terms as may be necessary or desirable to provide for the issuance, sale and

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 1 delivery of the Series 2026 Bonds; (b) the payment terms of the Series 2026 Bonds; (c) the creation

 2 or ratification of various funds and/or accounts relating to the Series 2026 Bonds; (d) terms

 3 providing for the security for the Series 2026 Bonds; and (e) amendments or supplements to the

 4 terms of the Restated Indenture, all as determined by the Mayor and the Comptroller, such persons’

 5 execution to constitute conclusive evidence of such approval, and the Register is hereby authorized

 6 to affix to the New Supplemental Indenture the corporate seal of the City. The New Supplemental

 7 Indenture shall be effective immediately upon the filing of the New Supplemental Indenture with

 8 the Trustee.

 9 SECTION SIX. Execution of Series 2026 Bonds.

10 The Series 2026 Bonds shall be executed on behalf of the City in the manner provided in

11 the New Supplemental Indenture. If any of the officials and/or officers who shall have signed or

12 sealed any of the Series 2026 Bonds shall cease to be such officials and/or officers of the City

13 before the Series 2026 Bonds so signed and sealed shall have been actually authenticated by the

14 Trustee, or delivered by the City, such Series 2026 Bonds nevertheless may be authenticated,

15 issued and delivered with the same force and effect as though the person or persons who signed or

16 sealed such Series 2026 Bonds had not ceased to be such official, officials, officer or officers of

17 the City; and also any such Series 2026 Bonds may be signed and sealed on behalf of the City by

18 those persons who, at the actual date of the execution of such Series 2026 Bonds, shall be the

19 proper officials and/or officers of the City, although at the dated date of such Series 2026 Bonds

20 any such person shall not have been such officials and/or officers of the City.




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 Cohn
 June 18, 2026


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 1 SECTION SEVEN. Manner of Sale of the Series 2026 Bonds; Application of Proceeds of

 2 the Series 2026 Bonds.

 3 The Series 2026 Bonds may be sold at the best price obtainable at a negotiated sale as the

 4 Comptroller shall determine in her sole discretion, subject to the terms of this Ordinance and to

 5 the interest rate and par value limitations set forth in Section 108.170, Missouri Revised Statutes,

 6 as amended. The net proceeds from the sale of the Series 2026 Bonds shall be applied by the City

 7 simultaneously with the delivery of the Series 2026 Bonds in accordance with the provisions of

 8 the New Supplemental Indenture.

 9 SECTION EIGHT. Bond Purchase Agreement.

10 In connection with a negotiated sale of the Series 2026 Bonds, the City hereby authorizes

11 and directs the Mayor and the Comptroller to enter into a Bond Purchase Agreement (the “Bond

12 Purchase Agreement”) with the purchaser or purchasers of the Series 2026 Bonds (the

13 “Underwriters”), which purchaser or purchasers will be led by a senior managing underwriter (the

14 “Managing Underwriter”) to be selected by the Comptroller, such Bond Purchase Agreement to

15 set forth the terms of sale and to contain such other customary terms and provisions as the Mayor

16 and the Comptroller shall approve, the execution by the Mayor and the Comptroller of the Bond

17 Purchase Agreement to constitute conclusive evidence of such approval. The Series 2026 Bonds

18 are hereby authorized to be sold to the Underwriters pursuant to the Bond Purchase Agreement.

19 SECTION NINE. Official Statement and Continuing Disclosure Agreement.

20 The Mayor and the Comptroller, with the advice and concurrence of the City Counselor,

21 in connection with the public offering of the Series 2026 Bonds, are hereby authorized to prepare

22 a Preliminary Official Statement for and on behalf of the City containing such disclosure and other

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 Cohn
 June 18, 2026


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 1 matters deemed material, necessary or appropriate, as the Mayor and the Comptroller shall deem

 2 advisable. The Mayor and the Comptroller are hereby authorized to deliver a certification to the

 3 effect that the Preliminary Official Statement, together with such other documents, if any,

 4 described in such certificates, was deemed final as of its date for purposes of paragraph (b)(1) of

 5 Rule 15c2-12 (“Rule 15c2-12”) adopted by the Securities and Exchange Commission under the

 6 Securities Exchange Act of 1934, as the same may be amended from time to time. The Mayor and

 7 the Comptroller are each hereby authorized to make public and to permit the Underwriters to use

 8 and distribute the Preliminary Official Statement in connection with the sale of the Series 2026

 9 Bonds. The Mayor and Comptroller, with the advice and concurrence of the City Counselor, in

10 connection with the public offering of the Series 2026 Bonds, are each hereby authorized and

11 directed to prepare, execute and deliver a final Official Statement for and on behalf of the City,

12 and the Mayor and the Comptroller are hereby authorized and directed to execute and deliver a

13 Continuing Disclosure Agreement (the “Continuing Disclosure Agreement”) by and between the

14 City and UMB Bank, N.A., as dissemination agent, in a form necessary for the Underwriters to

15 comply with Rule 15c2-12.

16 SECTION TEN. Credit Enhancement; Credit Facility or Surety.

17 Upon the recommendation of the Managing Underwriter and the City’s municipal advisors

18 with respect to the Series 2026 Bonds, based upon a cost-benefit analysis, the Comptroller is

19 hereby authorized to negotiate and approve the terms of any agreement for credit enhancement

20 and to purchase credit enhancement with respect to all or a portion of the Series 2026 Bonds and

21 related obligations from one or more recognized providers of credit enhancement, liquidity facility

22 or surety with respect to all or a portion of the Series 2026 Bonds and to execute any agreement

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 Board Bill Number 51
 Cohn
 June 18, 2026


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 1 for credit enhancement with respect to the Series 2026 Bonds and related obligations and other

 2 documents in connection therewith as necessary to obtain credit enhancement with respect to the

 3 Series 2026 Bonds. The fees payable with respect to any credit enhancement acquired for the Series

 4 2026 Bonds shall be payable out of the proceeds of the Series 2026 Bonds as a cost of issuance.

 5 Upon the recommendation of the Managing Underwriter and the City’s municipal advisors

 6 with respect to the Series 2026 Bonds, the Comptroller is hereby authorized to negotiate and

 7 approve the terms of any agreement for a credit facility or surety for any debt service reserve fund

 8 with respect to the Series 2026 Bonds and to purchase a credit facility or surety for any debt service

 9 reserve fund with respect to the Series 2026 Bonds from one or more recognized providers of credit

10 facilities or sureties and to execute any agreement for a credit facility or surety and other

11 documents therewith as may be necessary to obtain a credit facility or surety for any debt service

12 reserve fund with respect to the Series 2026 Bonds. The fees payable with respect to any credit

13 facility or surety acquired for any debt service reserve fund for the Series 2026 Bonds shall be

14 payable out of the proceeds of the Series 2026 Bonds as a cost of issuance.

15 SECTION ELEVEN. Reimbursement of Prior Expenses. The Airport has heretofore

16 temporarily advanced funds to pay costs incurred in connection with the 2026 Project Bonds, with

17 the expectation and desire that such advances be reimbursed from the proceeds of the Series 2026

18 Project Bonds. Reimbursement of such costs is hereby approved, conditioned upon receipt by the

19 Comptroller’s Office from the Airport of an accounting for such prior expenditures accompanied

20 by appropriate supporting documents. This Ordinance will express the “official intent” of the City

21 that such project costs to be reimbursed from the proceeds of the Series 2026 Project Bonds, and

22 the proper officials shall take all steps necessary to meet the requirements of U.S. Treasury

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 Board Bill Number 51
 Cohn
 June 18, 2026


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 1 Regulations Section 1.150-2 (or successor provisions) promulgated under the Internal Revenue

 2 Code of 1986, as amended.

 3 SECTION TWELVE. Authorized Officials, Officers, Agents and Employees; Further

 4 Authority.

 5 The Mayor, the Comptroller, the Treasurer, the Register and other appropriate officials,

 6 officers, agents and employees of the City, with the advice and concurrence of the City Counselor,

 7 are hereby authorized and empowered to execute and deliver the Series 2026 Bonds, the New

 8 Supplemental Indenture, one or more Tax Certificates or Tax Compliance Agreements with respect

 9 to the Series 2026 Bonds (collectively, the “Tax Agreement”), the Bond Purchase Agreement, the

10 Continuing Disclosure Agreement, any investment or related agreements, any agreement for credit

11 enhancement and/or a credit facility or surety or other documents in connection therewith as

12 necessary to obtain credit enhancement and/or a credit facility or surety (collectively, the “Bond

13 Documents”), and all documents and other instruments which may be required under the terms of

14 the Restated Indenture (as amended and supplemented by the New Supplemental Indenture) or the

15 Bond Documents, and this Ordinance, including, without limitation, applications, notices and other

16 forms required to qualify the Series 2026 Bonds for sale under state securities or “Blue Sky” laws.

17 The Mayor, the Comptroller, the Treasurer, the Register and other appropriate officials, officers,

18 agents and employees of the City, with the advice and concurrence of the City Counselor, are

19 hereby authorized and empowered to execute such documents and to take such actions as are

20 necessary or appropriate in connection with the issuance and sale of the Series 2026 Bonds and

21 the consummation of the transactions contemplated hereby, including, but not limited to the

22 amendment or termination of existing forward delivery agreements, debt service reserve fund

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 Cohn
 June 18, 2026


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 1 agreements and investment contracts, as the Mayor and the Comptroller may deem necessary or

 2 desirable; provided, however, that any forward delivery agreements, debt service reserve fund

 3 agreements, and investment contracts shall be authorized, negotiated, and approved by the

 4 Treasurer.

 5 SECTION THIRTEEN. Authority to Execute and Deliver the Third Restated Indenture.

 6 The Third Restated Indenture, in substantially the form in substantially the form of Exhibit

 7 2, attached hereto and incorporated herein by reference, is hereby authorized and approved,

 8 provided that such Third Restated Indenture shall be effective only upon the receipt of the requisite

 9 bondholder and/or bond insurer consent, and the Mayor and the Comptroller of the City are hereby

10 authorized and directed to, upon such receipt of such requisite approval, execute, acknowledge

11 and deliver the Third Restated Indenture, the same to be attested by the Register of the City, with

12 such changes therein (including, without limitation, such changes deemed necessary or desirable

13 due to market conditions, amendments to the Airport use agreements and negotiations with ratings

14 agencies, Bond Insurers and other parties), as shall be approved by the persons executing such

15 document, such persons’ execution to constitute conclusive evidence of such approval, and the

16 Register is hereby authorized to affix to the Third Restated Indenture the corporate seal of the City.

17 SECTION FOURTEEN. [Supplemental Nature of this Ordinance;] Repeal of Conflicting

18 Ordinances.

19 [This Ordinance constitutes a supplement to the ordinance numbered 71876.] All

20 provisions of other ordinances of the City which are in conflict with this Ordinance or the New

21 Supplemental Indenture approved hereby (as executed and delivered) or the Restated Indenture

22 shall be of no further force or effect on the City upon issuance and sale of the Series 2026 Bonds.

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 Board Bill Number 51
 Cohn
 June 18, 2026


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 1 SECTION FIFTEEN. Severability.

 2 The sections of this Ordinance shall be severable. In the event that any section of this

 3 Ordinance is found by a court of competent jurisdiction to be illegal or unconstitutional, the

 4 remaining sections of this Ordinance are valid unless the court finds the valid sections of this

 5 Ordinance are so essentially and inseparably connected with, and so dependent upon, the void

 6 section that it cannot be presumed that the City’s Board of Aldermen would have enacted the valid

 7 sections without the void sections; or unless the court finds that the valid sections, standing alone,

 8 are incomplete and incapable of being executed in accordance with the legislative intent.

 9 SECTION SIXTEEN. Emergency Clause.

10 The passage of this Ordinance and the issuance of the Series 2026 Bonds provided for

11 hereunder, being necessary for providing for public work or improvement of any kind or repairs

12 thereof, an emergency is hereby declared to exist under the terms and provisions of Article IV,

13 Sections 19 and 20 of the Charter of The City of St. Louis; and this Ordinance shall take effect

14 immediately upon its approval by the Mayor.




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 Board Bill Number 51
 Cohn
 June 18, 2026


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 BOARD BILL NUMBER 51
 FISCAL NOTE



Preparer’s Name: ____________________
Phone Number or Email Address (will be available publicly): ____________________
Bill Sponsor: ____________________

 Bill Synopsis: To authorize the issuance by the City of St. Louis in connection with
 St. Louis Lambert International Airport (the “Airport”) of one or more
 series of Airport Revenue Bonds, Series 2026 ([NON-]AMT*) (the
 “Series 2026 Bonds”) for the purpose of financing costs of
 improvements to the Airport. The aggregate par amount of the Series
 2026 Bonds will not exceed ____________________ Million Dollars.

 * “[NON-]AMT” = tax-exempt bonds [not] subject to Alternative
 Minimum Tax
 Type of Impact: The debt service costs associated with the Series 2026 Bonds will be
 paid solely from Airport Revenues. No general revenue funds of the
 City will be used to pay debt service on the Series 2026 Bonds.
 Agencies Affected: St. Louis Lambert International Airport, Comptroller’s Office, Budget
 Division

 SECTION A
 Does this bill authorize:

• An expansion of services which entails additional costs beyond that approved in the current
 adopted city budget? ____Yes X No.

• An undertaking of a new service for which no funding is provided in the current adopted city
 budget? ____Yes X No.

• A commitment of city funding in the future under certain specified conditions?
 ____Yes X No.

• An issuance of bonds, notes and lease-purchase agreements which may require additional
 funding beyond that approved in the current adopted city budget? ____Yes X No.
• An execution or initiation of an activity as a result of federal or state mandates or requirements?
 ____Yes X No.




 Page 46 of 59
• A capital improvement project that increases operating costs over the current adopted city
 budget? ____Yes X No.

• A capital improvement project that requires funding not approved in the current adopted city
 budget or that will require funding in future years? ____Yes X No.

If the answer is yes to any of the above questions, then a fiscal note must be attached to the
 board bill. Complete Section B of the form below.
 SECTION B

Not applicable

• Does the bill require the construction of any new physical facilities? ____Yes ____No.

 o If yes, describe the facilities and provide the estimated cost:
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________

• Is the bill estimated to have a direct fiscal impact on any city department or office?
 ____Yes ____No.

 o If yes, explain the impact and the estimated cost:
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________

• Does the bill create a program or administrative subdivision? ____Yes ____No.

 o If yes, then is there a similar existing program or administrative subdivision?
 ____Yes ____No.
 o If yes, explain how the proposed programs or administrative subdivisions may
 overlap:
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
• Describe the annual operating, equipment, and maintenance costs that would result from the
 proposed bill, as well as any funding sources:
 ____________________________________________________________________
 ____________________________________________________________________




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 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
• Complete the chart below to list the total estimated expenditures required of the City resulting
 from the proposed board bill and any estimated savings or additional revenue.

 Financial Estimate of Impact on General Fund
 Fiscal Impact Year 1 (current) Year 2 Year 3
 Additional Expenditures N/A N/A N/A
 Additional Revenue N/A N/A N/A
 Net N/A N/A N/A
 Financial Estimate of Impact on Special Funds
 Fiscal Impact Year 1 (current) Year 2 Year 3
 Additional Expenditures N/A N/A N/A
 Additional Revenue N/A N/A N/A
 Net N/A N/A N/A

• Describe any assumptions used in preparing this fiscal note:
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________

• List any sources of information (including any City officials, agencies, or departments) used
 in preparing this fiscal note:
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________
 ____________________________________________________________________



Have the financial estimates of this bill been verified by the City Budget Division?
 Yes ____No____.




137747696\V-3


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Summary
Board Bill Number 51
Introduced by Alderman Shane Cohn
June 18, 2026

An ordinance recommended by the Board of Estimate and Apportionment authorizing and
directing the issuance, establishment of terms and sale of Airport Revenue Bonds not to exceed
$________ million to [effect the refunding of all or a portion of the City’s subordinated
indebtedness incurred to provide interim financing and refinancing for the acquisition,
expansion, construction, renovation and equipping or airport facilities and to finance the cost of
the purchasing, extension, improvement or enlargement of the airport]; providing for the funding
of any required debt service reserve funds and capitalized interest funds and for the payment of
costs of issuance; appointing a trustee; approving and authorizing the preparation, execution and
delivery of necessary or appropriate documents and actions; repealing inconsistent prior
ordinances; and containing severability and emergency clauses.




 Page 49 of 59
Summary
Board Bill Number 52
Introduced by Alderman Shane Cohn
June 18, 2026

An Ordinance pertaining to the Transit Sales Tax imposed pursuant to Section 94.660, RSMo., as
adopted by the voters of St. Louis City on August 2, 1994, pursuant to Ordinance 63168 creating
the “City Public Transit Sales Tax Trust Fund” directing the Treasurer of the City of St. Louis to
deposit funds received pursuant to said sales tax into the “City Public Transit Sales Tax Trust Fund
Account ONE” appropriating $13,529,900 from the said sales tax for the period of July 1, 2026
through June 30, 2027 to the Bi-State Development Agency for certain purposes; and containing
a severability and emergency clause.




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 BOARD BILL NUMBER 52 INTRODUCED BY ALDERMAN SHANE COHN
 CO SPONSOR: PRESIDENT MEGAN GREEN
 1 An Ordinance pertaining to the Transit Sales Tax imposed pursuant to Section 94.660, RSMo., as

 2 adopted by the voters of St. Louis City on August 2, 1994, pursuant to Ordinance 63168 creating

 3 the “City Public Transit Sales Tax Trust Fund” directing the Treasurer of the City of St. Louis to

 4 deposit funds received pursuant to said sales tax into the “City Public Transit Sales Tax Trust Fund

 5 – Account ONE” appropriating $13,529,900 from the said sales tax for the period of July 1, 2026

 6 through June 30, 2027 to the Bi-State Development Agency for certain purposes; and containing

 7 a severability and emergency clause.

 8 WHEREAS, in accordance with Ordinance 65613, the City of St. Louis, Missouri, is

 9 authorized to enter into a Memorandum of Agreement (MOA) with the Bi-State Development

10 Agency and St. Louis County, Missouri, providing for the City’s annual appropriation of the sales

11 tax levied for public mass transportation purposes, and pursuant to provisions of Section 3.2 of the

12 MOA, the City shall transfer monthly to the Trustee, Bank of Oklahoma Financial, in immediately

13 available funds, moneys on deposit in the City Public Transit Sales Tax Trust Fund account

14 attributable to the quarter-cent sales tax imposed pursuant to Ordinance 63168 and approved by

15 the voters on August 2, 1994;

16 BE IT ORDAINED BY THE CITY OF ST. LOUIS, AS FOLLOWS:

17 SECTION ONE. All sales taxes collected pursuant to Section 94.660, RSMo., and Ordinance

18 63168 and distributed by the Director of Revenue to the Treasurer of St. Louis City as authorized

19 by Senate Bill 432 (the “Act”) as approved and adopted by the voters of St. Louis City on August



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 Board Bill Number 52
 Cohn
 June 18, 2026



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 1 2, 1994, pursuant to Ordinance 63168, shall be deposited in a special trust fund, to be known as

 2 the “City Public Transit Sales Tax Trust Fund – Account ONE.”

 3 SECTION TWO. There is hereby appropriated out the “City Public Transit Sales Tax Trust Fund

 4 – Account ONE,” subject to the conditions herein contained in Sections Four and Five, the amount

 5 of $13,529,900, for the period herein stated to the Bi-State Development Agency to be used for

 6 the purposes authorized by the Act.

 7 SECTION THREE. The Comptroller of the City of St. Louis is hereby authorized and directed

 8 to draw warrants from time to time on the Treasurer of the City of St. Louis for payments to the

 9 Bi-State Development Agency, as authorized herein on the “City Public Transit Sales Tax Trust

10 Fund – Account ONE” as the proceeds from the one-quarter percent (1/4%) sales tax authorized

11 by Section 94.660, RSMo., as approved and adopted by the voters of the City of St. Louis on

12 August 2, 1994, pursuant to Ordinance 63168, are received from the Director of Revenue of the

13 State of Missouri and are deposited in the “City Public Transit Sales Tax Trust Fund – Account

14 ONE” as provided herein from July 1, 2026 through June 30, 2027.

15 SECTION FOUR. In no event shall the Comptroller draw warrants on the Treasurer of the City

16 of St. Louis for an amount greater than the amount of proceeds received from the Director of

17 Revenue of the State of Missouri and deposited in the “City Public Transit Sales Tax Trust Fund”

18 during the period from July 1, 2026 through June 30, 2027.

19 SECTION FIVE. The sections of the Ordinances shall be severable. In the event that any section

20 of this Ordinance is found by a court of competent jurisdiction to be unconstitutional or is

21 inconsistent with the ability of Bi-State to receive funding from the United States, the remaining

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 Board Bill Number 52
 Cohn
 June 18, 2026



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 1 sections of the Ordinance are valid unless the court finds the valid or consistent sections of this

 2 Ordinance are so essentially and inseparably connected with, and so dependent upon, the void or

 3 inconsistent section that is cannot be presumed that the Aldermen would have enacted the valid

 4 sections without the void or inconsistent sections, or unless the court finds that the valid or

 5 consistent sections, standing alone, are incomplete and incapable of being executed in accordance

 6 with the legislative intent.

 7 SECTION SIX. This Ordinance is deemed necessary for the immediate preservation of the public

 8 peace, health and safety and it is hereby declared an emergency measure as defined by Article IV,

 9 Section 20, of the Charter of the City of St. Louis and shall take effect immediately upon its passage

10 and approval by the Mayor of the City of St. Louis.




 Page 3 of 3
 Board Bill Number 52
 Cohn
 June 18, 2026



 Page 53 of 59
Summary
Board Bill Number 52
Introduced by Alderman Shane Cohn
June 18, 2026

An Ordinance pertaining to the Transit Sales Tax imposed pursuant to Section 94.660, RSMo., as
adopted by the voters of St. Louis City on August 2, 1994, pursuant to Ordinance 63168 creating
the “City Public Transit Sales Tax Trust Fund” directing the Treasurer of the City of St. Louis to
deposit funds received pursuant to said sales tax into the “City Public Transit Sales Tax Trust Fund
Account ONE” appropriating $13,529,900 from the said sales tax for the period of July 1, 2026
through June 30, 2027 to the Bi-State Development Agency for certain purposes; and containing
a severability and emergency clause.




 Page 54 of 59
Summary
Board Bill Number 53
Introduced by Alderman Shane Cohn
June 18, 2026

An Ordinance pertaining to the Transit Sales Tax imposed pursuant to Section 94.660, RSMo., as
adopted by the voters of St. Louis City on November 4, 1997, pursuant to Ordinance 64111
creating the “City Public Transit Sales Tax Trust Fund” directing the Treasurer of the City of St.
Louis to deposit funds received pursuant to said sales tax into the “City Public Transit Sales Tax
Trust Fund – Account TWO” appropriating $13,529,900 from the said sales tax for the period of
July 1, 2026 through June 30, 2027 to the Bi-State Development Agency for certain purposes; and
containing a severability and emergency clause.




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 BOARD BILL NUMBER 53 INTRODUCED BY ALDERMAN SHANE COHN
 CO SPONSOR: PRESIDENT MEGAN GREEN


 1 An Ordinance pertaining to the Transit Sales Tax imposed pursuant to Section 94.660, RSMo., as

 2 adopted by the voters of St. Louis City on November 4, 1997, pursuant to Ordinance 64111

 3 creating the “City Public Transit Sales Tax Trust Fund” directing the Treasurer of the City of St.

 4 Louis to deposit funds received pursuant to said sales tax into the “City Public Transit Sales Tax

 5 Trust Fund – Account TWO” appropriating $13,529,900 from the said sales tax for the period of

 6 July 1, 2026 through June 30, 2027 to the Bi-State Development Agency for certain purposes; and

 7 containing a severability and emergency clause.

 8 BE IT ORDAINED BY THE CITY OF ST. LOUIS, AS FOLLOWS:

 9 SECTION ONE. All sales taxes collected pursuant to Section 94.660, RSMo., and Ordinance

10 64111 and distributed by the Director of Revenue to the Treasurer of St. Louis City as authorized

11 by Section 94.660, RSMo. (the “Act”) as approved and adopted by the voters of St. Louis City on

12 November 4, 1997, pursuant to Ordinance 64111, shall be deposited in a special trust fund, to be

13 known as the “City Public Transit Sales Tax Trust Fund – Account TWO.”

14 SECTION TWO. There is hereby appropriated out the “City Public Transit Sales Tax Trust Fund

15 – Account TWO,” subject to the conditions herein contained in Sections Four and Five, the amount

16 of $13,529,900, for the period herein stated to the Bi-State Development Agency to be used for

17 the purposes authorized by the Act.

18 SECTION THREE. The Comptroller of the City of St. Louis is hereby authorized and directed

19 to draw warrants from time to time on the Treasurer of the City of St. Louis for payments to the

 Page 1 of 3
 Board Bill Number 53
 Cohn
 June 18. 2026



 Page 56 of 59
 1 Bi-State Development Agency, as authorized herein on the “City Public Transit Sales Tax Trust

 2 Fund – Account TWO” as the proceeds from the one-quarter percent (1/4%) sales tax authorized

 3 by Section 94.660, RSMo., as approved and adopted by the voters of the City of St. Louis on

 4 November 4, 1997, pursuant to Ordinance 64111, are received from the Director of Revenue of

 5 the State of Missouri and are deposited in the “City Public Transit Sales Tax Trust Fund – Account

 6 TWO” as provided herein from July 1, 2026 through June 30, 2027.

 7 SECTION FOUR. In no event shall the Comptroller draw warrants on the Treasurer of the City

 8 of St. Louis for an amount greater than the amount of proceeds received from the Director of

 9 Revenue of the State of Missouri and deposited in the “City Public Transit Sales Tax Trust Fund”

10 during the period from July 1, 2026 through June 30, 2027.

11 SECTION FIVE. The sections of the Ordinances shall be severable. In the event that any section

12 of this Ordinance is found by a court of competent jurisdiction to be unconstitutional or is

13 inconsistent with the ability of Bi-State to receive funding from the United States, the remaining

14 sections of this Ordinance are valid unless the court finds the valid or consistent sections of this

15 Ordinance are so essentially and inseparably connected with, and so dependent upon, the void or

16 inconsistent section that is cannot be presumed that the Aldermen would have enacted the valid

17 sections without the void or inconsistent sections, or unless the court finds that the valid or

18 consistent sections, standing alone, are incomplete and incapable of being executed in accordance

19 with the legislative intent.

20 SECTION SIX. This Ordinance is deemed necessary for the immediate preservation of the public

21 peace, health and safety and it is hereby declared an emergency measure as defined by Article IV,

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 Board Bill Number 53
 Cohn
 June 18. 2026



 Page 57 of 59
1 Section 20, of the Charter of the City of St. Louis and shall take effect immediately upon its passage

2 and approval by the Mayor of the City of St. Louis.




 Page 3 of 3
 Board Bill Number 53
 Cohn
 June 18. 2026



 Page 58 of 59
Summary
Board Bill Number 53
Introduced by Alderman Shane Cohn
June 18, 2026

An Ordinance pertaining to the Transit Sales Tax imposed pursuant to Section 94.660, RSMo., as
adopted by the voters of St. Louis City on November 4, 1997, pursuant to Ordinance 64111
creating the “City Public Transit Sales Tax Trust Fund” directing the Treasurer of the City of St.
Louis to deposit funds received pursuant to said sales tax into the “City Public Transit Sales Tax
Trust Fund – Account TWO” appropriating $13,529,900 from the said sales tax for the period of
July 1, 2026 through June 30, 2027 to the Bi-State Development Agency for certain purposes; and
containing a severability and emergency clause.




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