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Legislation #: 120986 Introduction Date: 11/15/2012
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing Trust Indenture Modification No. 3 to the Metropolitan Ambulance Services Trust Indenture to reduce the size of the MAST board of trustees from nine to three members.

Legislation History
DateMinutesDescription
11/14/2012 Filed by the Clerk's office
11/15/2012 Referred to Public Safety & Emergency Services Committee
11/19/2012 Advance and Do Pass, Debate
11/20/2012 Passed

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120986 Fact Sheet.xlsx Fact Sheet 26K Fact Sheet
Trust Indenture Modification No 3.doc Agreement 32K Agreement

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ORDINANCE NO. 120986

 

Authorizing Trust Indenture Modification No. 3 to the Metropolitan Ambulance Services Trust Indenture to reduce the size of the MAST board of trustees from nine to three members.

 

WHEREAS, the City assumed responsibility for prehospital emergency medical services on April 25, 2010, by taking those responsibilities from the Metropolitan Ambulance Services Trust and placing them within the Kansas City Fire Department; and

 

WHEREAS, the MAST Board of Trustees has authorized transfer of almost all of its assets to the City, as beneficiary of the trust; and

 

WHEREAS, the specialized nature and scope of members of the MAST Board of Trustees is no longer necessary as the Board completes winding down its business; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNICL OF KANSAS CITY:

 

Section 1. Amendment of the Trust Indenture. That Trust Indenture Modification No. 3 to the Metropolitan Ambulance Services Trust Indenture is approved so that Article VI will read as follows:

 

ARTICLE VI

 

The Trustees

 

1. There shall be three (3) Trustees of this Trust appointed by the Mayor. The Mayor will designate one of the Trustees as chair of the Board of Trustees.

 

2. The trustees shall serve terms of four years, commencing with their appointment. Trustees may be reappointed.

 

3. The Trustees, the City of Kansas City, Missouri, or any agency thereof, shall not be charged personally with any liability whatsoever by reason of any act or omission committed or suffered in good faith or in the exercise of their honest discretion in the performance of such Trust or in the operation of the Trust Estate; but any act or liability for any omission or obligation of the Trustees in the execution of such Trust, or in the operation of the Trust Estate, shall extend to the whole of the Trust Estate or so much thereof as may be necessary to discharge such liability or obligation.

 

4. No Trustee or Trustees shall have the power or authority to bind or obligate any other Trustee, nor can the beneficiary bind or obligate the Trust or any individual Trustee.

 

5. No Trustee shall be paid any compensation of any kind from the Trust for his or her services as Trustee of this Trust, except that each such Trustee shall be reimbursed for actual expenses incurred in the performance of his or her duties as Trustee.

 

________________________________________

 

Approved as to form and legality:

 

 

____________________________

William Geary

City Attorney