The Missouri Transportation Development District Act, Sections 238.200 through 238.275 of the Revised Statutes of Missouri, as amended (the “TDD Act”) provides for the formation of a transportation development district (a “TDD”).  The purpose of a TDD is to fund, promote, plan, design, construct, improve, maintain, and operate one or more projects or to assist in such activity.  A TDD is a special taxing district and separate political subdivision of the state.  Pursuant to the TDD Act, the TDD board of directors possess and exercise all of the District’s legislative and executive powers.  A TDD is authorized to undertake certain public improvement projects to be financed by the district through the issuance of notes or bonds, which are in turn retired by the TDD’s levy of various taxes within the geographic boundaries of the district, including sales tax, property tax and special assessment.  Pursuant to the TDD Act, the term “project” includes any bridge, street, road, highway, access road, interchange, intersection, signing, signalization, parking lot, bus stop, station, garage, terminal, hangar, shelter, rest area, dock, wharf, lake or river port, airport, railroad, light rail, or other mass transit and any similar or related improvement or infrastructure.