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Legislation #: 120631 Introduction Date: 7/12/2012
Type: Ordinance Effective Date: 8/12/2012
Sponsor: COUNCILMEMBER MARCASON
Title: Authorizing the Director of City Development to execute a Development Agreement with Country Club Bank that authorizes the issuance of Chapter 100 bonds in connection with an economic development effort.

Legislation History
DateMinutesDescription
7/11/2012 Filed by the Clerk's office
7/12/2012 Referred to Planning, Zoning & Economic Development Committee
7/18/2012 Hold On Agenda (8/1/2012)
8/1/2012 Advance and Do Pass, Debate
8/2/2012 Passed

View Attachments
FileTypeSizeDescription
120631.pdf Authenticated 603K Authenticated
revised fact sheet.docx Fact Sheet 22K revised fact sheet
fact sheet.docx Fact Sheet 22K revised fact sheet
120631 Fact Sheet.docx Fact Sheet 27K Fact sheet

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ORDINANCE NO. 120631

 

Authorizing the Director of City Development to execute a Development Agreement with Country Club Bank that authorizes the issuance of Chapter 100 bonds in connection with an economic development effort.

WHEREAS, Country Club Bank has proposed an industrial development project that would include the purchase, construction, extension and improvement of an office industry, the development of its headquarters, and the purchase of new equipment, all to be located in Kansas City, Missouri; and

  WHEREAS, the project proposed by Country Club Bank would establish its economic presence in the City and the creation of new jobs in the City; and

WHEREAS, Chapter 100 bonds are required, as part of an overall incentive package being developed cooperatively with the State of Missouri, to make the project financially viable; and

WHEREAS, issuance of Chapter 100 bonds will be contingent on the City approving a Chapter 100 Plan; NOW, THEREFORE,

  BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of City Development is hereby authorized to execute a Development Agreement with Country Club Bank that authorizes the issuance of Chapter 100 bonds upon the City Council’s subsequent approval of a Chapter 100 Plan, with said agreement approved in substantial form as that on file in the City Development Department.

_____________________________________________

Approved as to form and legality:

 

 

_______________________________

Brian T. Rabineau

Assistant City Attorney