Projects

The City Parks Bonds were issued to pay the costs associated with the design, construction, renovation, equipping and installation of site furnishings and improvements to, and planting trees and other landscape materials in the rights of way of, the City Parks described below (the “Project”).  Key components of the Project include: improvements and repairs to various park buildings, repairs to park roadways and pathways, improvements to playgrounds, playing fields and courts, improvements to the City’s bike paths and landscaping.  The Project encompasses all of the City Parks, which consist of 109 of the City’s 110 parks, scattered throughout the entire City.  These parks include all neighborhood parks and the major parks that include Carondelet Park, Fairground Park, O’Fallon Park, Willmore Park and Tower Grove Park. Situated in a municipality of 61.4 square miles, the City Parks contain 1,880 acres of park land (or approximately 2.9 square miles).  The City Parks occupy approximately 4.7 percent of the City and, with the exception of Tower Grove Park, are all owned by the City.

The City maintains all of the facilities in the City Parks (except for Adams Park and Tower Grove Park), including eight recreational centers, playgrounds, fountains, statues, monuments and other attractions, tennis, handball and horseshoe courts and baseball, softball, soccer and rugby fields.  Accessible to all of the residents of the City, the City Parks serve as the anchor of city neighborhoods. A system of bike paths connects substantially all of the City Parks, a feature which allows residents to travel throughout all of the City Parks by bike.  Almost all outdoor art work within the City is located in a City Park.

Bonds Outstanding

There are currently outstanding the following one (1) series of City Parks Bonds with an aggregate principal amount of $21,650,000 as follows:

Issuer	Series	New Money / Refunding	Par Outstanding	Final Maturity
St Louis Municipal Finance Corporation	2014	New Money	$21,650,000	June 15, 2043