St Louis Municipal Finance Corporation July 7, 2026

The St. Louis Municipal Finance Corporation held a board meeting on July 7, 2026, primarily to discuss a proposed bond financing project related to the development of a district chilled water system for downtown St. Louis. Representatives from Stifel and Center Stream presented the project, which involves issuing approximately $245 million in conduit bonds to finance the construction of a centralized cooling plant and distribution system. The project aims to replace aging individual building chillers with a more efficient, reliable district cooling system serving city buildings, federal facilities, and local venues such as Busch Stadium. The board discussed the financial model, customer recruitment efforts, and the anticipated cost savings and energy efficiencies. Directors requested updated proforma financials and additional details on customer commitments, which the presenters agreed to provide. No formal votes on bond issuance were taken at this meeting, as the presentation was informational and preparatory for future resolutions. The meeting concluded with a motion to adjourn.