File #: 2902    Version: 0 Name: renewal 1994 Leasehold Revenue Bond
Type: Ordinance Status: Passed
File created: 3/15/1999 In control: Finance and Audit Committee
On agenda: Final action: 3/22/1999
Title: AN ORDINANCE authorizing the renewal of the Series 1994 Leasehold Revenue Bond lease between Jackson County, Missouri, and the Jackson County Public Facilities Authority, and irrevocably budgeting, appropriating and setting aside County funds in an amount sufficient to pay the anticipated rental payment and additional payments that will become due during the forthcoming renewal term.
Sponsors: Ronald E. Finley
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI Title AN ORDINANCE authorizing the renewal of the Series 1994 Leasehold Revenue Bond lease between Jackson County, Missouri, and the Jackson County Public Facilities Authority, and irrevocably budgeting, appropriating and setting aside County funds in an amount sufficient to pay the anticipated rental payment and additional payments that will become due during the forthcoming renewal term. Intro ORDINANCE 2902, March 15, 1999 INTRODUCED BY Ronald E. Finley, County Legislator Body WHEREAS, Section 3.3 of the Series 1994 Leasehold Revenue Bond Lease Agreement between Jackson County and the Jackson County Public Facilities Authority require the Jackson County Legislature to annually adopt an Ordinance setting forth: 1) the renewal of each Lease for an additional one-year term; and, 2) an assurance that funding for the rental payments and other additional payments has been encumbered in the County's annual budget; therefore, BE IT ORDAINED by the County Legislature of Jackson County, Missouri, that the lease agreement between Jackson County and the Jackson County Public Facilities Authority are hereby renewed for an additional one-year term; and, BE IT FURTHER ORDAINED that County funds have been irrevocably budgeted, appropriated, and set aside in an amount sufficient to pay the anticipated rental payments and additional payments to become due during the forthcoming renewal year...Attorney Effective Date: This Ordinance shall be effective immediately upon its signature by the County Executive. APPROVED AS TO FORM: ___________________________ _________________________________ County Counselor I hereby certify that the attached Ordinance, Ordinance #2902 of March 15, 1999 was duly passed on _________March 22____________, 1999 by the Jackson County Legislature. The votes thereon were as follows: Yeas ______6_________ Nays ________0_______ Abstaining _____1______ Absents _____2_______ This Ordinance is hereby transmitted to the County Executive for her signature. ____________________ ________________________________ Date Mary Jo Brogoto, Clerk of Legislature I hereby approve the attached Ordinance #2902. _________________ _________________________________ Date Katheryn J. Shields, County Executive Fiscal Note Funds sufficient to pay anticipated rental payments and additional payments to become due during the forthcoming renewal year have been included in the 1999 budget in Ordinance 2883. __________________ _________________________________ Date Director of the Department of Finance