File #: 3762    Version: 0 Name: Approving certain documents and other actions in connection with the issuance of said bonds
Type: Ordinance Status: Passed
File created: 4/24/2006 In control: Finance and Audit Committee
On agenda: 4/24/2006 Final action: 5/1/2006
Title: AN ORDINANCE approving the issuance of not to exceed $21,000,000.00 principal amount of Jackson County, Missouri, Public Building Corporation Leasehold Refunding and Improvement Revenue Bonds (Jackson County, Missouri, Capital Improvements Project) Series 2006A, 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: Scott Burnett
Indexes: IMPROVEMENT REVENEW BONDS, INSURANCE
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI

Title
AN ORDINANCE approving the issuance of not to exceed $21,000,000.00 principal amount of Jackson County, Missouri, Public Building Corporation Leasehold Refunding and Improvement Revenue Bonds (Jackson County, Missouri, Capital Improvements Project) Series 2006A, 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 # 3762, April 24, 2006

INTRODUCED BY Scott Burnett, County Legislator

Body
WHEREAS, Jackson County, Missouri (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 to be organized under the Missouri Nonprofit Corporation Act, Chapter 355 of the Revised Statutes of Missouri, as amended, for the purpose of benefiting 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, pursuant to its home rule powers in its Charter, the County Legislature adopted an ordinance authorizing the County, and the Issuer adopted a resolution authorizing the Issuer, to (i) enter into a Site Lease dated as of December 1, 1996 (the "Original Site Lease") between the Issuer and the County pursuant to which the County leased to the Issuer certain real esta...

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