SLCC Board of Trustees Meeting Minutes, February 17, 2005

#11 RESOLUTION APPROVING A PROJECT AND AUTHORIZING THE
OFFERING FOR SALE OF LEASEHOLD REVENUE BONDS, SERIES
2005 OF THE JUNIOR COLLEGE DISTRICT OF ST. LOUIS, ST. LOUIS
COUNTY, MISSOURI, BUILDING CORPORATION
WHEREAS, pursuant to the provisions of Section 177.088 of the Revised Statutes of Missouri,
as amended (the “Act”), the Board of Trustees of The Junior College District of St. Louis, St. Louis
County, Missouri (the “District”), is authorized to enter into a lease financing arrangement to acquire,
construct, improve, extend, repair, remodel, renovate, furnish and equip buildings and facilities within the
District; and
WHEREAS, the District desires to enter into certain transactions relating to the issuance and
delivery of leasehold revenue bonds in the approximate principal amount of $13,810,000 by The Junior
College District of St. Louis, St. Louis County, Missouri, Building Corporation (the “Bonds”) for the
purpose of acquiring, constructing, furnishing and equipping new educational facilities within the District
(collectively, the “Project”), funding a debt service reserve fund for the Bonds and paying the costs of
issuance relating to the Bonds; and
WHEREAS, public notice has been given in accordance with the requirements of the Act that the
Board of Trustees would consider at the meeting at which this resolution is presented adoption of a
resolution approving the Project; and
WHEREAS, the District desires to authorize A.G. Edwards & Sons, Inc. (the “Underwriter”) to
proceed with the offering for sale of the Bonds and to authorize Gilmore & Bell, P.C. (“Bond Counsel”)
to proceed with the preparation of all necessary legal proceedings necessary for the issuance, sale and
delivery of the Bonds;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
JUNIOR COLLEGE DISTRICT OF ST. LOUIS, ST. LOUIS COUNTY, MISSOURI, AS
FOLLOWS:
Section 1. The Board of Trustees hereby approves the Project and authorizes the Underwriter to
proceed with the offering for sale of the Bonds, as described in the Preliminary Official Statement
attached hereto as Exhibit A. The Board of Trustees hereby declares its intention to adopt a subsequent
resolution authorizing the issuance of the Bonds and approving the terms thereof as described in the
Preliminary Official Statement.
Section 2. The Board of Trustees hereby authorizes and approves the Preliminary Official
Statement in substantially the form attached hereto as Exhibit A, and authorizes the preparation of a final
Official Statement by amending, supplementing and completing the Preliminary Official Statement, and
authorizes the execution of the final Official Statement by the President or Vice President of the Board of
Trustees, the Chancellor or the Vice Chancellor for Finance and Business Services, with such changes
and additions thereto as such official shall deem necessary or appropriate, such official’s signature
thereon being conclusive evidence of such official’s and the District’s approval thereof. The Board of
Trustees hereby consents to the use and public distribution by the Underwriter of the Preliminary Official
Statement and the final Official Statement in connection with the offering for sale of the Bonds.
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