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Council approves minor text amendments to industrial revenue bond documents for Irvington/Raymond Courts project
Summary
The Olivette City Council approved Bill 3029 on second reading to update documents tied to taxable industrial revenue bonds for a development on Irvington Court and Raymond Court; staff said the changes are limited to names and drafting updates and do not alter incentives or the scope of the project.
The Olivette City Council on Aug. 27 approved Bill 3029, authorizing minor textual revisions to documents connected with taxable industrial revenue bonds for a project on Irvington Court and Raymond Court.
City staff said the amendments update staff contact names, add the identity of banking or lending institutions that were not known when the original documents were approved, and incorporate language requested by attorneys for the parties. Staff emphasized the changes are text amendments only and do not change the project's scope or the incentives previously approved.
A council member moved approval on second reading and the council voted unanimously. The clerk announced that the motion was approved and declared the ordinance adopted; the transcript contains inconsistent numerals when the clerk announced the new ordinance number, so the ordinance number is recorded here as not specified in the meeting record.
