Jackson County Missouri - File #: 4833

• File #: 4833
• Version: 1
• Name: Special Obligation Bonds
• Type: Ordinance
• Status: Passed
• File created: 3/24/2016
• In control: Finance and Audit Committee
• On agenda: 3/28/2016
• Final action: 4/4/2016
• Title: AN ORDINANCE authorizing and directing the issuance, sale, and delivery of not to exceed $52,000,000.00 principal amount of Special Obligation Bonds, Series 2016 (RIRR Right-of-Way Project) of Jackson County, Missouri, and authorizing certain other documents and actions in connection therewith.
• Sponsors: Crystal Williams, Theresa Cass Galvin, Garry J. Baker, Tony Miller, Scott Burnett, Alfred Jordan, Dennis Waits, Dan Tarwater III, Greg Grounds
• Indexes: AMENDMENT, RIGHT-OF-WAY, SPECIAL OBLIGATION BONDS
• Related files: 4854

Date	Ver.	Action By	Action	Result
4/4/2016	1	County Legislature	Consent Agenda
4/4/2016	0	Finance and Audit Committee	recommend for perfection	Pass
4/4/2016	0	County Legislature	approve as amended	Pass
4/4/2016	0	County Legislature	perfect as amended	Pass
4/4/2016	0	County Legislature	suspend the rules to consider final passage	Pass
4/4/2016	0	County Legislature	adopt	Pass
3/31/2016	0	County Legislature	Go To 1st Perfection	Pass
3/28/2016	0	County Legislature	assign to committee

Floor Amendment
April 4, 2016

IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI


Title
AN ORDINANCE authorizing and directing the issuance, sale, and delivery of not to exceed $52,000,000.00 principal amount of Special Obligation Bonds, Series 2016 (RIRR Right-of-Way Project) of Jackson County, Missouri, and authorizing certain other documents and actions in connection therewith.


Intro
ORDINANCE NO. 4833, March 28, 2016

INTRODUCED BY Crystal Williams, Theresa Galvin, Garry Baker, Tony Miller, Scott Burnett, Alfred Jordan, Dennis Waits, Dan Tarwater III and Greg Grounds, County Legislators


Body
WHEREAS, Jackson County, Missouri (the "County") operates pursuant to its County Charter (the "County Charter"), and is a political subdivision of the State of Missouri, duly created, organized and existing under and by virtue of the Constitution and laws of the State of Missouri; and,

WHEREAS, the County desires to finance the cost of acquisition from Union Pacific Railroad Company ("Union Pacific") of a railroad right-of-way in a 17.7-mile stretch of railroad corridor from mile marker 270.6 to mile marker 288.3 (the "Union Pacific Right-of-Way") that runs through the cities of Kansas City, Missouri, Raytown, Missouri, and Lee's Summit, Missouri and is authorized under the provisions of the Constitution of Missouri and its County Charter to issue and sell special obligation bonds for the purpose of providing funds to finance the costs of such acquisition and certain related costs and to provide that the principal of and interest on such special obligation bonds shall be payable solely from the revenues derived from annual appropriations by the Legislature and other sources as provided herein; and,

WHEREAS, it is hereby found and determined that it is necessary and advisable and in the best interest of the County and its inhabitants that special obligation bonds be issued and secured in the form and manner as herein after provided to ...