File #: 3116    Version: 0 Name: Sports Complex Authority renewal of bond financing.
Type: Ordinance Status: Passed
File created: 1/16/2001 In control: Finance and Audit Committee
On agenda: 1/16/2001 Final action: 2/5/2001
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.
Sponsors: Ronald E. Finley
Indexes: LEASEHOLD REVENUE, SPORTS COMPLEX AUTHORITY, TRUMAN SPORTS COMPLEX/COUNTY PARKS PROJECT
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 3116, January 16, 2001

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 #3116 of January 16, 2001 was duly passed on __________February 5_______________, 2001 by the Jackson Coun...

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