[The Ripper]

The only thing that matters it this point is the refunding bonds from 2007 since the earlier bonds have been completely refunded. They're revenue bonds and are subject to annual appropriations.

https://www.stlouis-mo.gov/government/d ... s-Dome.cfm

https://www.stlouis-mo.gov/government/d ... 07-OS2.pdf


The real problem is the ratings, St Louis is A3 for non-essential purposes and the rating is at risk for another downgrade from Moodys. The other is the underwriting spread which could increase because of the uncertainty.

"The A3 rating on lease revenue debt issued for non-essential purposes reflects the credit characteristics inherent in the A1 GO rating, the non-essential nature of the funded projects and pledged assets (a convention center), and the annual risk of non-appropriation for lease payments."

WHAT COULD MAKE THE RATING GO DOWN

• Further declines in the city's financial reserve position

• Increase in debt levels

• Continued contraction of tax base valuations

• Failure to secure voter renewal of earnings tax

Ok so it was 2007 and not 2008 they refinanced . I am lost though bro as the new issue bonds that came out in 2007 carry a 5.25 rate and that is what they are extending. Refund bonds are nothing more than bonds which have been called so the old debt could be paid off and new debt issued and refinanced at a lower rate. Which ya say as well. So I am not sure what ya are saying here as the new bonds are the ones that carry the 5.25 rate.

The lower rating coming from having a high debt ratio I so get.

Also as well it makes sense now why they make payments out of the general fund. Since they are revenue bonds they in theory should be making the payments from the revenue. However since all the associated taxes for the project only brings in 4.1 million they have a short fall of 1.9 million. So just lump all the revenue into the general fund and make the payments from there. The further this goes on it really shows how much the city has been hiding or trying to hide financial details from the populace.

Oh never mind I got ya now. Ya have to excuse me a lot I will use bad terminology so yea my use of original should be notated as the refinanced bonds.

It's all very confusing. You can use any terminology, I understand what your saying. The bonds themselves are what's confusing. They are not direct obligations of the city, county or state but the STLRSA and the public entities make lease payments to the RSA which in turn makes the bond payments for the 3 series of bonds. The new bonds are even more confusing.

[Hacksaw]

No this is the one with Bradly Cooper portraying Navy seal - sniper Chris Kyle. He had over 170 kills in four tours in Irag while hunting al Zarqawi. He came home and was helping veterans get over post traumatic issues and was killed by one of them as a civilian stateside.
If you ever see it (recommended) you'll get what I mean about your avi.

[dieterbrock]

The only thing that matters it this point is the refunding bonds from 2007 since the earlier bonds have been completely refunded. They're revenue bonds and are subject to annual appropriations.

https://www.stlouis-mo.gov/government/d ... s-Dome.cfm

https://www.stlouis-mo.gov/government/d ... 07-OS2.pdf


The real problem is the ratings, St Louis is A3 for non-essential purposes and the rating is at risk for another downgrade from Moodys. The other is the underwriting spread which could increase because of the uncertainty.

"The A3 rating on lease revenue debt issued for non-essential purposes reflects the credit characteristics inherent in the A1 GO rating, the non-essential nature of the funded projects and pledged assets (a convention center), and the annual risk of non-appropriation for lease payments."

WHAT COULD MAKE THE RATING GO DOWN

• Further declines in the city's financial reserve position

• Increase in debt levels

• Continued contraction of tax base valuations

• Failure to secure voter renewal of earnings tax

Ok so it was 2007 and not 2008 they refinanced . I am lost though bro as the new issue bonds that came out in 2007 carry a 5.25 rate and that is what they are extending. Refund bonds are nothing more than bonds which have been called so the old debt could be paid off and new debt issued and refinanced at a lower rate. Which ya say as well. So I am not sure what ya are saying here as the new bonds are the ones that carry the 5.25 rate.

The lower rating coming from having a high debt ratio I so get.

Also as well it makes sense now why they make payments out of the general fund. Since they are revenue bonds they in theory should be making the payments from the revenue. However since all the associated taxes for the project only brings in 4.1 million they have a short fall of 1.9 million. So just lump all the revenue into the general fund and make the payments from there. The further this goes on it really shows how much the city has been hiding or trying to hide financial details from the populace.

Oh never mind I got ya now. Ya have to excuse me a lot I will use bad terminology so yea my use of original should be notated as the refinanced bonds.

It's all very confusing. You can use any terminology, I understand what your saying. The bonds themselves are what's confusing. They are not direct obligations of the city, county or state but the STLRSA and the public entities make lease payments to the RSA which in turn makes the bond payments for the 3 series of bonds. The new bonds are even more confusing.

Well you know what they say, if you cant dazzle them with brilliance, then baffle them with bullshit...
(The Bonds not Legend)

[Rams the Legends live on]

No this is the one with Bradly Cooper portraying Navy seal - sniper Chris Kyle. He had over 170 kills in four tours in Irag while hunting al Zarqawi. He came home and was helping veterans get over post traumatic issues and was killed by one of them as a civilian stateside.
If you ever see it (recommended) you'll get what I mean about your avi.

Ok I have seen that one then bro and Cooper did a heck of a job acting in the movie.

[Elvis]

http://fox2now.com/2015/10/15/city-comp ... l-stadium/

City Comptroller says she’s not against new NFL stadium

BY ANDY BANKER

ST. LOUIS (KTVI) - Contradicting recent reports, St. Louis Comptroller Darlene Green told Fox 2 on Thursday she was not out to block the building of a new riverfront football stadium to keep the Rams in St. Louis.

“I want to be part of the solution to saving the Rams. I want to be part of the solution for building a new stadium,” Green said.

If that sounded like an “about-face,” then Green said you didn’t hear her right the first time. There’d been understanding all along in the effort to build the new billion-dollar stadium that there would be no additional burden on taxpayers, she said.

The governor and the mayor have said so repeatedly.

St. Louis County, which—like the City of St. Louis—committed $6 million a year for the Edward Jones Dome, has opted out of the new stadium deal. Green said the most recent plan she’d seen had the City of St. Louis essentially picking up the county’s portion of the tab.

“Now, I am understanding that this (version of the plan) is outdated. So they need to work harder to deliver on their promises to the taxpayers: no new taxes,” Green said. “We need more police. The people are clamoring for more police. So that is a priority for my office as comptroller when I look at balancing essential needs against building a stadium.”

She’s calling on the Stadium Task Force to come up with a new funding stream: perhaps a statewide sports authority to fund stadiums and improvements for all six major league teams in Missouri: the Rams, Blues, and Cardinals in St. Louis, along with the Royals and Chiefs in Kansas City.

“Those guys need to go after those tourist and visitor dollars. That’s a responsible way to fund major league sports these days. Think major league, stop thinking small,” she said.

Green also took issue with the task force for giving a “term sheet” to the NFL, outlining stadium financing while refusing to release it to the City of St. Louis or the public.

The “term sheet” is an all-encompassing overview of the project.

Stadium Task Force leaders said last week the final numbers for the city’s portion were still being worked out; they will of course become public once finalized.

“The construct of this has never changed. We’re looking at 15 percent of the funding coming from the city. When the dome was built it was 25 percent,” said Task Force Co-Chair Dave Peacock. “It was a smaller number because obviously things change over time…we’re not trying to do this in a vacuum, we’re being very transparent and open.”

“I don’t have a new plan in front of me to approve,” Green said. “I’m saying they have an opportunity to do the right thing on behalf of the taxpayers. Do the right thing. Deliver on your promise and let’s build a stadium.”

Green admitted she couldn't stop the stadium alone, even if she so desired.

If aldermen approve a deal, the three member Board of Estimate and Apportionment, made up of Green, Mayor Francis Slay, and Board of Aldermen President Lewis Reed, would have the final say, Green said.

They could always outvote her 2-1.

[The Ripper]

“But we have to pass the bill so that you can find out what’s in it....”

[Hacksaw]

So what she is saying both poses a more clear direction of what is going to be required,, but more so getting her off the witness protection list. The last sentence confirmed it,, so even if she vote against it and it fails, like in a firing squad, no one really know who's round was loaded or the blank.

[Hacksaw]

Hearsay offering from another StL board.

My Uncle works for the city of STL and was overjoyed on Friday. Said with confidence that the NFL (Rams) aren't going anywhere per NFL execs talking to the Task Force.

[The Ripper]

Hearsay offering from another StL board.

My Uncle works for the city of STL and was overjoyed on Friday. Said with confidence that the NFL (Rams) aren't going anywhere per NFL execs talking to the Task Force.

No NFL Exec would ever say that to the task force or to anyone. It would come from Kroenke or Demoff and being that the bonds haven't even passed the BOA it's just nonsense.

[SoCalRam78]

"i know a guy who knows a guy who said......."

so we're in that phase of bs