IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
A RESOLUTION authorizing the County Executive to execute certain supplemental agreements in connection with Jackson County, Missouri Leasehold Revenue Bonds (Truman Sports Complex/County Parks Projects) Series 1998 and Leasehold Revenue Bonds (Truman Sports Complex/County Parks Projects Additions) Series 2002.
Intro
RESOLUTION # 15157, September 13, 2004
INTRODUCED BY Rhonda L. Shoemaker, County Legislator
Body
Whereas, Jackson County, Missouri (the "County") has requested that the Jackson County Sports Complex (the "Authority") enter into certain supplemental agreements in connection with the County's Leasehold Revenue Bonds (Truman Sports Complex/County Parks Projects) Series 1998 (the "Series 1998 Bonds") and Leasehold Revenue Bonds (Truman Sports Complex/County Parks Projects Additions) Series 2002 (the "Series 2002 Bonds", and collectively with the Series 1998 Bonds, the "Bonds"); and,
WHEREAS, the Series 1998 Bonds were issued pursuant to a Trust Indenture dated as of October 1, 1998 (the "Original Indenture") among the County, the Authority and Commerce Bank, N.A., as trustee, and the Series 2002 Bonds were issued as additional bonds on parity with the Series 1998 Bonds, pursuant to a First Supplemental Trust Indenture dated as of September 1, 2002 (collectively with the Trust Indenture, the "Indenture"), among such parties; and,
WHEREAS, AMBAC Assurance Corporation ("Ambac") has issued its financial guaranty insurance policy insuring the payment when due of the principal of and interest on each series of the Bonds; and,
WHEREAS, in connection with the Bonds, the Park Project Site, consisting of Lake Jacomo Park in Jackson County, Missouri, was leased from the County to the Authority by a Park Site Lease dated as of October 1, 1998, as amended by the First Supplemental Park Site Lease dated as of September 1, 2002 (collectively, the "Park Site Lease"); and, ...
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