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Title:
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AN ORDINANCE authorizing the renewal of the Series 1996 and 1997 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 payment and additional payments that will become due during the forthcoming renewal terms.
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IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE authorizing the renewal of the Series 1996 and 1997 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 payment and additional payments that will become due during the forthcoming renewal terms.
Intro
ORDINANCE 2892, February 8, 1999
INTRODUCED BY Ronald E. Finley, 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 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 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 #2892 of February 8, 1999 was duly passed on ________February 22_______________, 1999 by the Jackson County Legislature. The votes thereon were as follows:
Yeas ______7_________ Nays _______0________
Abstaining _____1______ Absents _____1_______
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 #2892.
_________________ _________________________________
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