File #: 21447    Version: Name: Royals Terms Sheet
Type: Resolution Status: Passed
File created: 10/23/2023 In control: Legislature As A Whole
On agenda: 10/23/2023 Final action: 10/24/2023
Title: A RESOLUTION requesting the County Executive to make recommendations to the Legislature within 48 hours after the adoption of this resolution concerning the reply offer of the Kansas City Royals Baseball Club, LLC dated October 20, 2023.
Sponsors: DaRon McGee, Megan L. Marshall, Manuel Abarca IV
Indexes: COUNTY EXECUTIVE, ROYALS BASEBALL CORPORATION, STADIUM
Attachments: 1. 21447 adopted.pdf
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI

Title
A RESOLUTION requesting the County Executive to make recommendations to the Legislature within 48 hours after the adoption of this resolution concerning the reply offer of the Kansas City Royals Baseball Club, LLC dated October 20, 2023.

Intro
RESOLUTION NO. 21447, October 23, 2023

INTRODUCED BY DaRon McGee, Megan L. Marshall and Manuel Abarca IV, County Legislators


Body
WHEREAS, on October 20, 2023, the Kansas City Royals Baseball Club, LLC (the "Royals") tendered a reply offer term sheet ("Term Sheet") to Jackson County setting forth the terms and conditions pursuant to which the Royals would develop and finance a new baseball stadium at the East Village location in Kansas City, Missouri (the "Stadium"); and,

WHEREAS, the County desires to perform all appropriate due diligence related to the Term Sheet and the Stadium; and,

WHEREAS, it is the interest of the County to consider the input of the County Executive on the Term Sheet; and,

WHEREAS, the Legislature requests the County Executive to review and make recommendations regarding the Term Sheet to the Legislature, within 48 hours after the adoption of this resolution by the Legislature; now therefore,
BE IT RESOLVED by the County Legislature of Jackson County, Missouri, that the County Executive is hereby requested to review the Term Sheet and make recommendations to the Legislature concerning the Term Sheet within 48 hours after the adoption of this resolution by the Legislature.




Enacted and Approved
Effective Date: This Resolution shall be effective immediately upon passage by a majority of the Legislature.


APPROVED AS TO FORM:


____________________________
County Counselor


Certificate of Passage

I hereby certify that the attached ordinance, Resolution No.21447 of October 23, 2023, was duly passed on October 24, 2023 by the Jackson County Legislature. The votes thereon were as follows:



Yeas _______5________ Nays _...

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