IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE authorizing the renewal of the Leasehold Revenue Bond Financing Agreement (Truman Sports Complex/County Parks Project) between Jackson County, Missouri, and the Jackson County Sports Complex 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 3291, September 9, 2002
INTRODUCED BY Ronald E. Finley, County Legislator
Body
WHEREAS, Section 3.3 of the Leasehold Revenue Bond Financing Agreement (Truman Sports Complex/County Parks Project) between Jackson County and the Jackson County Sports Complex Authority require the Jackson County Legislature to annually adopt an Ordinance setting forth:
1) the renewal of the Agreement 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 financing agreement between Jackson County and the Jackson County Sports Complex Authority is 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.
Enacted and Approved
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 #3291 of September 9, 2002 was duly passed on __________September 16_______________, 2002 by the Jackson County Legislature. The votes thereon were as follows:
Yeas ______6_________ Nays ______0_______
Abstaining ____0_____ Absents ____3______
This Ordinance is hereby transmitted to the County Executive for her signature.
____________________ ________________________________
Date Mary Jo Spino, Clerk of Legislature
I hereby approve the attached Ordinance #3291.
_________________ __________________________________
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 2002 budget in Ordinance 3210.
_________________________ __________________________________
Date Director of the Department of Finance