File #: 2787    Version: 0 Name: Leasehold Revenue Bond renewal.
Type: Ordinance Status: Passed
File created: 3/2/1998 In control: Finance and Audit Committee
On agenda: Final action: 3/16/1998
Title: AN ORDINANCE authorizing the renewal of the Leasehold Revenue Bond leases between Jackson County, Missouri, and the Jackson County Public Building Corporation, and irrevocably budgeting, appropriating and setting aside County funds in an amount sufficient to pay the anticipated rental payments and additional payments that will become due during the forthcoming renewal term.
Sponsors: John Patrick Burnett
Indexes: APPROPRIATION, LEASEHOLD REVENUE BOND
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI Title AN ORDINANCE authorizing the renewal of the Leasehold Revenue Bond leases between Jackson County, Missouri, and the Jackson County Public Building Corporation, and irrevocably budgeting, appropriating and setting aside County funds in an amount sufficient to pay the anticipated rental payments and additional payments that will become due during the forthcoming renewal term. Intro ORDINANCE 2787, March 2, 1998 INTRODUCED BY John Patrick Burnett, County Legislator Body WHEREAS, Section 3.3 of the Series 1996 and 1997 Leasehold Revenue Bond Lease Agreements between Jackson County and the Jackson County Public Building Corporation requires 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 agreements between Jackson County and the Jackson County Public Building Corporation are hereby renewed for additional one-year terms; 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 #2787 of March 2, 1998 was duly passed on ________March 16______________, 1998 by the Jackson County Legislature. The votes thereon were as follows: Yeas _______8________ Nays _____0________ Abstaining ____1_____ Absent ____0______ 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 #2787. ____________________ __________________________________ Date Katheryn J. Shields, County Executive