File #: 3289    Version: 0 Name: leasehold revenue bonds
Type: Ordinance Status: Passed
File created: 9/9/2002 In control: Finance and Audit Committee
On agenda: 9/9/2002 Final action: 9/16/2002
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.
Sponsors: Ronald E. Finley
Indexes: LEASEHOLD REVENUE, PUBLIC BUILDING CORP.
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 3289, September 9, 2002

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.

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 #3289 of September 9, 2002 was duly passed on ___________September 16______________, 2002 by the Jackson County Legislature. The votes thereon were as follows:


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