IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
A RESOLUTION giving the affirmative assent of the County, in accordance with section 204.370, RSMo, on the question of whether the Little Blue Valley Sewer District should issue revenue bonds payable from revenues to be derived from the operation of the system in an amount not to exceed $89,570,000.00 for the purpose of acquiring, constructing, improving, extending, or rehabilitating the sewerage system.
Intro
RESOLUTION # 14360, November 4, 2002
INTRODUCED BY Bill Petrie, County Legislator
Body
WHEREAS, the Little Blue Valley Sewer District operates a sewer system (the "System") pursuant to section 204.250 et seq., RSMo, for the primary benefit of the customers within the District (the "Customers"); and,
WHEREAS, certain Customers including the County have entered into sewer contracts with the District, providing, among other things, for the treatment by the District of sewage contributed to it by the Customers in consideration of a payment of a charge to the District by the Customers; and,
WHEREAS, the District has undertaken a review of the existing infrastructure of the System and has approved a facility plan for the acquisition, construction, improvement, extension, and rehabilitation of the System; and,
WHEREAS, the County has participated with other Customers in organized workshops and public meetings to review the proposed facility plan and various alternative financing sources; and,
WHEREAS, the District has determined that it is in the best interests of the District to finance the acquisition, construction, improvement, expansion, and rehabilitation of the System through the issuance of revenue bonds payable from the revenues to be derived from the operation of the System; and,
WHEREAS, the Customers, including the County by Resolution 13957, dated December 17, 2001, have previously authorized assent to the issuance of revenue bonds in an amount not to exc...
Click here for full text