IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE authorizing the issuance of not to exceed $15,000,000.00 principal amount of Jackson County, Missouri special obligation refunding bonds (Truman Sports Complex/County Parks Project), Series 2011, and authorizing certain other actions in connection with the issuance of said bonds.
Intro
ORDINANCE #4288, January 10, 2011
INTRODUCED BY Dennis Waits, County Legislator
Body
WHEREAS, Jackson County, Missouri (the "County"), operates pursuant to a County Charter, and is a political subdivision of the State of Missouri, duly created, organized, and existing under and by virtue of the Constitution and laws of the State of Missouri; and
WHEREAS, the County currently desires to refund its Leasehold Revenue Bonds (Truman Sports Complex/County Parks Projects) Series 1998 in the original principal amount of $40,170,000.00, of which $13,050,000.00 is currently outstanding (the "Series 1998 Bonds"); and,
WHEREAS, the proceeds of the Series 1998 Bonds were used for improvements to the Harry S. Truman Sports Complex and for acquisition, construction and improvements to certain parks of the County located in Jackson County, Missouri; and,
WHEREAS, the County is authorized under the provisions of the Constitution of Missouri and its Charter to issue and sell special obligation bonds for the purpose of providing funds to currently refund the Series 1998 Bonds and to provide that the principal of and interest on such special obligations bonds shall be payable solely from the revenues derived from annual appropriations by the Legislature; and
WHEREAS, it is hereby found and determined that it is necessary and advisable and in the best interest of the County and of its inhabitants that special obligation refunding bonds (the "Series 2011 Bonds") be issued for such purpose; and,
WHEREAS, the Legislature further finds and determines that it is necessary and desirable in connection with the issuance of...
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