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Legislation #: 160695 Introduction Date: 9/8/2016
Type: Resolution Effective Date: none
Sponsor: COUNCILMEMBER JAMES, JR.
Title: Expressing the City's consent for the issuance of revenue bonds by the Little Blue Valley Sewer District in an amount not to exceed $20,000,000.00 for the improvement, extension and rehabilitation of the Little Blue Valley Sewer District System, including the provision of Advanced Air Emissions Controls for the Atherton Wastewater Treatment Facilities (Phase III Improvements).

Legislation History
DateMinutesDescription
9/7/2016 Filed by the Clerk's office
9/8/2016 Referred to Finance and Governance Committee
9/21/2016 Be Adopted
9/22/2016 Assigned to Third Read Calendar
9/29/2016 Adopted

View Attachments
FileTypeSizeDescription
160695.pdf Authenticated 86K Authenticated
160695 Fiscal Note LBVSD.pdf Fiscal Note 33K 160695 Fiscal Note
160695 Fact sheet.pdf Fact Sheet 42K 160695 Fact Sheet

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RESOLUTION NO. 160695

 

Expressing the City's consent for the issuance of revenue bonds by the Little Blue Valley Sewer District in an amount not to exceed $20,000,000.00 for the improvement, extension and rehabilitation of the Little Blue Valley Sewer District System, including the provision of Advanced Air Emissions Controls for the Atherton Wastewater Treatment Facilities (Phase III Improvements).

 

WHEREAS, the Little Blue Valley Sewer District (the "District") operates a sewer system (the “System”) pursuant to Section 204.250 et seq. for the primary benefit of the customers within the District (the “Customers”); and

 

WHEREAS, the District has undertaken a review of the existing wastewater facilities of the System and has approved a Phase III Improvements Program for the improvement, extension and rehabilitation of the Little Blue Valley Sewer District System, including the provision of Advanced Air Emissions Controls for the Atherton Wastewater Treatment Facilities (the “Phase III Improvements”) with an estimated project cost of $20,000,000.00; and

 

WHEREAS, the District has determined that it is in the best interests of the District and its customers, including the City of Kansas City, Missouri to finance the Phase III Improvements through the issuance of revenue bonds payable from the revenues to be derived from the operation of the System; and

WHEREAS, the revenues of the District are derived from charges to Customers based upon the cost to service those customers in compliance with standard cost of service methodology; and

 

WHEREAS, in accordance with Section 204.370 of the Revised Statutes of Missouri, the District has submitted to customers, as defined therein, the question of whether the District shall issue revenue bonds in one or more series payable from the revenues to be derived from the operation of the System in the amount not to exceed $20,000,000 for the purpose of the Phase III Improvements; and

 

WHEREAS, the governing body of the City of Kansas City, Missouri does hereby find and determine that it is in the best interest of the safety, health and welfare of its constituents to give its affirmative assent to such question; NOW, THEREFORE,

 

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

 

That pursuant to the requirements of Section 204.370.1, Revised Statutes of Missouri, the City of Kansas City, Missouri, a customer of the Little Blue Valley Sewer District, consents to the issuance of revenue bonds in an amount not to exceed $20,000,000.00 for the purpose of improving, extending and rehabilitating the Little Blue Valley Sewer District System, including but not limited to advanced air emissions controls for the Atherton Wastewater Treatment Plant Facilities (Phase III Improvements).

 

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