GOV
Leasehold Revenue Bonds
The City has a number of outstanding lease-purchase agreements which can be characterized as capital leases.
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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.
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