Programs

The Water Division and St. Louis Lambert International Airport are two of the City’s enterprise funds. An Enterprise Fund accounts for funds operated similar to private business type activities where the intent of the governing body is that the cost of providing goods or services to the public on a continuing basis be financed or recovered primarily through user charges.

The Water Division receives its income from the sale of water to residents of the City and recently from the sale of water to other municipalities in the metropolitan area.

St. Louis Lambert International Airport is the City’s second largest cost center and is supported entirely by user fees paid by airlines and concessionaires, along with federal funds. Approximately 42 percent of the airport’s budget is devoted to debt service payments on revenue bonds for Airport expansion and to facilitate repair and maintenance of the runways and terminals.

St. Louis Lambert International Airport Revenue Bonds
The Airport Revenue Bonds are limited obligations of the City payable solely from the revenues derived from the operation of the Airport and certain other funds pledged under the Indenture, including the Debt Service Stabilization Fund and the Debt Service Reserve Fund.

Water Division Revenue Bonds
The Water Revenue Bonds are limited obligations of the City of St. Louis payable solely from and secured by a pledge of Net Revenues derived from the operation of its Waterworks System.

The City issues General Obligation Bonds to finance / refinance various capital projects throughout the City, including infrastructure improvements, improvements to Police and Fire department buildings, purchase of equipment, etc.

Project Description

The City issues General Obligation Bonds to finance and/or refinance various capital projects throughout the City, including, but not limited to infrastructure improvements, improvements to Police and Fire department buildings, purchase of equipment, etc.

Bonds Outstanding

There are currently outstanding the following seven (7) series of General Obligation Bonds with an aggregate principal amount of $84,015,000 as follows:

Issuer	Series	New Money / Refunding	Par Outstanding	Final Maturity
City of St. Louis	2016	Refunding	$5,440,000	February 15, 2026
City of St. Louis	2016A	New Money	$21,090,000	February 15, 2036
City of St. Louis	2018	New Money	$43,385,000	February 15, 2038
City of St. Louis	2020A**	New Money	$2,600,000	February 15, 2027
City of St. Louis	2022A**	New Money	$3,580,000	February 15, 2029
City of St. Louis	2023A	New Money	$14,745,000	February 15, 2043
City of St. Louis	2024A**	New Money	$5,270,000	February 15, 2031

** These bonds were privately placed and there is no official statement.

The City has a number of outstanding lease-purchase agreements which can be characterized as capital leases. In capital lease financing, a non-profit authority issues debt to fund a project. This debt is secured by lease payments to the authority by a municipality leasing the project or equipment that is being financed.

Review detailed leasehold revenue bond information below:

1520 Market Street Debt Information
The 1520 Market Street Bonds were issued to 1) refund bonds issued to fund and reimburse the City for the purchase of the Abram Building, located at 1520 Market Street, and 2) fund the acquisition of real property in the City

Carnahan Courthouse Debt Information
The Carnahan Courthouse Bonds have provided financing for the renovation of the Carnahan Courthouse. The renovation consists of improvements to the roof and mechanical, electrical, safety, and other systems which allow the building to function in a safe and efficient manner.

City Parks Debt Information
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 City Parks

Convention Center Debt Information
The Convention Center Bonds are special obligations of the St. Louis Municipal Finance Corporation and the Industrial Development Authority payable solely out of rental and additional rental payments derived by the Corporation and the Authority from leasing the Convention Center to the City.

Forest Park Debt Information
The Forest Park Bonds are special obligations of the St. Louis Municipal Finance Corporation payable solely out of rental and additional rental payments derived by the Corporation from leasing the Forest Park improvements to the City.

Juvenile Detention Center Debt Information
The Juvenile Detention Center Bonds were issued to fund various capital improvements at the City Juvenile Detention Center and at certain other sites within the City.

Pension Funding Project Debt Information
The Pension Funding Project Bonds are special obligations of the Corporation, payable solely out of rental and additional rental payments derived by the Corporation from leasing the St. Louis Fire Department facilities (Series 2007 Bonds) and the Juvenile Detention Center (Series 2008A Bonds) to the City.

Police Capital Improvements Debt Information
The Police Capital Improvement Bonds were issued to finance the design, acquisition, purchase, construction, and installation of certain emergency management and preparedness and public health and safety projects undertaken by the City

Recreation Centers Debt Information
The Recreation Centers Bonds provided financing for the design and construction of two new recreation centers and the renovation of several existing recreation centers located within the City.

Refuse / Municipal Garage Debt Information
The Refuse / Municipal Garage Bonds have provided financing for a portion of the costs associated with the acquisition of certain real property located at 1214-18 Central Industrial Drive in the City

Scottrade Center Debt Information
The Scottrade Center Bonds provided financing for a portion of phase one of the rehabilitation, repair, and improvement of the Scottrade Center.