ORDINANCE NO. 061372
Approving a plan for industrial
development for the purpose of construction, acquisition and equipping and
furnishing a data center for Cerner Corporation located on the west side of
Chouteau Trafficway, north of Missouri Highway 210, Kansas City, Missouri; and
directing the City Clerk to file certain documents with the appropriate
offices.
WHEREAS, the
City of Kansas City, Missouri, a constitutional charter city and municipal
corporation of the State of Missouri (the City) is authorized pursuant to the
provisions of Article VI, Section 27 of the Missouri Constitution, as amended,
and Sections 100.010 to 100.200, inclusive, of the Revised Statutes of
Missouri, as amended, and the City of Kansas City Charter (collectively the
Act), to issue its revenue bonds for the carrying out of a project under the
Act, such revenue bonds to be paid solely from revenue received from such
project, and to enter into a lease of the facilities financed with the proceeds
of such revenue bonds with any person, firm or corporation; and
WHEREAS, Cerner
Corporation has requested that the City approve a Chapter 100 plan for an
industrial development project in the City, consisting of the construction of a
data center and the purchase of equipment to be leased to the Cerner Corporation;
and
WHEREAS, the City has adopted Committee Substitute
for Resolution No. 051494 expressing its interest in issuing Chapter 100 bonds
(the Bonds) for the purpose of carrying out a development project for Cerner
Corporation (the Project); and
WHEREAS, the
Council has heretofore and does hereby find and determine that it is desirable
for the economic development of the City and within the public purposes of the
Act that the Council approve a Chapter 100 plan as proposed by Cerner
Corporation; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. The
Council hereby finds and determines that the Project will promote the economic
well-being and industrial development of Kansas City, Missouri, and the
issuance of the Citys industrial revenue bonds to pay the costs of the Project
will be in furtherance of the public purposes set forth in the Act. The
Council hereby approves the following plan for an industrial development
project:
(a)
Construction of a data center, including computers, office equipment and
other related personal property in the City of Kansas City, Missouri, at the
west side of Chouteau Trafficway, north of Missouri Highway 210.
(b)
A total estimated project cost of $70 million in real and personal
property. Project costs include approximately $60 million for initial real
property improvements and $10 million for acquisition of personal property.
(c)
The project will be funded from proceeds of the sale of up to $70
million maximum principal amount of Taxable Industrial Revenue Bonds to be
issued by the City.
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Approved
as to form and legality:
___________________________________
Heather
A. Brown
Assistant City Attorney