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_________ ...

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