File #: 3420    Version: 0 Name: Issuance of Leasehold Revenue Bonds.
Type: Ordinance Status: Passed
File created: 9/22/2003 In control: Finance and Audit Committee
On agenda: 9/22/2003 Final action: 9/29/2003
Title: AN ORDINANCE approving the issuance of not to exceed $26,000,000 principal amount of Jackson County, Missouri, Public Building Corporation Leasehold Revenue Bonds (Jackson County, Missouri, Capital Improvement Project) Series 2003, authorizing and approving certain documents in connection with the issuance of said bonds, and authorizing certain other actions in connection with the issuance of said bonds.
Sponsors: Dennis Waits
Indexes: CAPITAL IMPROVEMENT PROJECT, LEASEHOLD REVENUE
Attachments: 1. 3420,3612,3817-RELEASE



IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI


Title
AN ORDINANCE approving the issuance of not to exceed $26,000,000 principal amount of Jackson County, Missouri, Public Building Corporation Leasehold Revenue Bonds (Jackson County, Missouri, Capital Improvement Project) Series 2003, authorizing and approving certain documents in connection with the issuance of said bonds, and authorizing certain other actions in connection with the issuance of said bonds.

Intro
ORDINANCE # 3420, September 22, 2003

INTRODUCED BY Dennis Waits, County Legislator


Body
WHEREAS, the County is authorized pursuant to the County's Constitutional Home Rule Charter (the "Charter") to contract and cooperate with any private person, firm, association, corporation, or foundation for the planning, development, construction, acquisition, or operation of any public improvement or facility and to rent or lease County properties upon such terms and conditions and for such periods of time as the legislature may provide; and,

WHEREAS, the Jackson County, Missouri, Public Building Corporation (the "Issuer"), is a nonprofit corporation organized under the Missouri Nonprofit Corporation Act, Chapter 355 of the Revised Statutes of Missouri, as amended, for the purpose of benefitting and carrying out the purposes of the County, by providing for the acquisition, construction, improvement, extension, repair, remodeling, renovation, and financing of public sites, buildings, facilities, furnishings, and equipment for the use of the County; and,

WHEREAS, the Legislature finds and determines that it is necessary and desirable for the County to lease to the Issuer certain real estate located within the geographic limits of the County (the "Project Site"); and,

WHEREAS, the Legislature further finds and determines that it is necessary and desirable that the County authorize the Issuer to (i) issue its Jackson County, Missouri, Public Building Corporation Leasehold ...

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