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Legislation #: 960438 Introduction Date: 4/18/1996
Type: Resolution Effective Date: 5/2/1996
Sponsor: COUNCILMEMBER ZCLEAVER(OLD)
Title: Reviewing the concept of a bond issue to improve and maintain the infrastructure and directing the City Manager to develop a program to accomplish this concept.

Legislation History
DateMinutesDescription
4/19/1996

Referred Finance & Administration Committee

4/18/1996

Referred Finance & Administration Committee

4/24/1996

Be Adopted as a Committee Substitute

4/25/1996

Assigned to Third Read Calendar

5/2/1996

Adopted as Substituted


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COMMITTEE SUBSTITUTE FOR RESOLUTION NO. 960438

 

Reviewing the concept of a bond issue to improve and maintain the infrastructure and directing the City Manager to develop a program to accomplish this concept.

 

WHEREAS, the City Council has recognized the need for the construction and improvement of the infrastructure as a basic service to be provided to all citizens of Kansas City; and

 

WHEREAS, the City is desirous of using its best efforts to provide such service to its citizens as soon as possible; and

 

WHEREAS, it is anticipated that the issuance of bonds would allow the immediate construction and improvement to the City's infrastructure by increasing the available capital; NOW, THEREFORE,

 

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council hereby expresses its support of reviewing the concept of a bond issue for the purpose of providing construction and improvement to the City's infrastructure.

 

Section 2. That the City Manager is hereby directed to undertake a detailed analysis of the concept and to propose a method and structure for the issuance of such bonds.

 

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