Jackson County Missouri - File #: 4273

• File #: 4273
• Version: 0
• Name: issuance, sale, and delivery
• Type: Ordinance
• Status: Passed
• File created: 11/29/2010
• In control: Budget Committee
• On agenda: 11/29/2010
• Final action: 12/6/2010
• Title: AN ORDINANCE authorizing and directing the issuance, sale, and delivery of not to exceed $1,180,000.00 principal amount of tax exempt special obligation bonds (MyARTS Building Project) Series 2010, of Jackson County, Missouri, and authorizing certain other documents and actions in connection therewith.
• Sponsors: Dennis Waits
• Indexes: MyARTS PROGRAM

Date	Ver.	Action By	Action	Result
12/6/2010	0	Budget Committee
12/6/2010	0	County Legislature	Consent Agenda
12/6/2010	0	County Legislature	perfect	Pass
12/6/2010	0	County Legislature	suspend the rules to consider final passage	Pass
12/6/2010	0	County Legislature	adopt	Pass
12/3/2010	0	County Legislature	Go To 1st Perfection	Pass
11/29/2010	0	County Legislature	perfect
11/29/2010	0	County Legislature	assign to committee

IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI


Title
AN ORDINANCE authorizing and directing the issuance, sale, and delivery of not to exceed $1,180,000.00 principal amount of tax exempt special obligation bonds (MyARTS Building Project) Series 2010, of Jackson County, Missouri, and authorizing certain other documents and actions in connection therewith.


Intro
ORDINANCE #4273, November 29, 2010

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, by Resolution 16765, dated November 24, 2008, the County did enter into a Cooperative Agreement for Environmental Remediation with the City of Independence, MO, whereunder the County agreed to provide the City the sum of $175,000.00 to be used by the City to remediate certain environmental hazards which then existed at the City's property located at 315 N. Main in the City of Independence; and,

WHEREAS, the Agreement granted to the County the option to purchase the property from the City upon the completion of the remediation for the payment of $1.00 and other valuable consideration, to be used as the future home of the Prosecuting Attorney's MyARTS program and for other County purposes; and,

WHEREAS, by Resolution 17410, dated November 8, 2010, the County did, upon receipt of notice from the City that environmental remediation had been completed, exercise the purchase option and accept the deed to the property from the City; and,

WHEREAS, the County now desires to finance the costs of certain capital improvements to the property and 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 finance the costs of certain capital improve...