RESOLUTION NO. 050482
Approving a project of the Industrial
Development Authority of the County of Jackson, State of Missouri, for KC
Hospice, Inc., to be located in Kansas City, Missouri.
WHEREAS,
pursuant to the authority of the Industrial Development Corporations Act,
Chapter 349 of the Missouri Revised Statutes, as amended (the Act), The
Industrial Development Authority of the County of Jackson, State of Missouri
(the Authority), by Resolution adopted by its Board of Directors on April 18,
2005, has approved a Project for the KC Hospice, Inc., a Missouri nonprofit
corporation (the Corporation), which Project is to be located in Kansas City,
Missouri, and consisting of the acquisition, construction, improvement, equipping
and furnishing of a 24-bed inpatient hospice facility and ancillary facilities
at a 12-acre site at 120th and Wornall, to be financed by the
issuance by the Authority of revenue bonds under the Act in a principal amount
not to exceed $8,000,000; and
WHEREAS,
Section 349.010 of the Act provides that projects of a county industrial
development authority may be located within the incorporated limits of a
municipality when approved by the governing body of the municipality; NOW, THEREFORE,
BE IT RESOLVED by the Council of Kansas City:
Section
1. That the Council hereby approves of the financing by the Authority of the
Project for KC Hospice, Inc, to be located in the City of Kansas City,
Missouri. This approval does not impose any liability on the City of Kansas
City, Missouri, or in any way involve the City in the issuance of the Bonds or
the acquisition, construction, improvement, equipping and furnishing of the
proposed Project but is an accommodation by City, to satisfy the requirements
of Chapter 349.010 of the Act.
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