KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 001434 Introduction Date: 10/19/2000
Type: Resolution Effective Date: none
Sponsor: None
Title: Stating the CouncilĀ“s intent with regard to financing for the Zona Rosa project; and stating the intent of the Council to reimburse itself for certain expenditures incurred prior to the issuance of any bonds for public improvements for the Zona Rosa project.

Legislation History
DateMinutesDescription
10/19/2000

Prepare to Introduce

10/19/2000

Referred Finance and Audit Committee

10/25/2000

Hold On Agenda

11/1/2000

Hold On Agenda

11/8/2000

Hold On Agenda

11/15/2000

Hold Off Agenda

7/18/2001

Released


View Attachments
FileTypeSizeDescription
No attachment(s) found

Printer Friendly Version

 

RESOLUTION NO. 001434

 

Stating the Councils intent with regard to financing for the Zona Rosa project; and stating the intent of the Council to reimburse itself for certain expenditures incurred prior to the issuance of any bonds for public improvements for the Zona Rosa project.

 

WHEREAS, the Council has adopted Committee Substitute for Resolution No.990233, authorizing the development of financing arrangements for public improvements in the vicinity of the northwest corner of I-29 and Barry Road ( the Zona Rosa Project); and

 

WHEREAS, that resolution described the improvements and set forth estimated construction costs thereof; and

 

WHEREAS, the approximate par amounts of the bonds and schedule of issuance have since been determined and the Council desires to state its intent with regard to these matters; and

 

WHEREAS, expenditures for this project may be incurred prior to the issuance of the bonds; NOW, THEREFORE,

 

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council authorizes the development of a financing plan for the Zona Rosa Project which includes the issuance of 2 series of leasehold revenue bonds in the approximate par amounts of $6,200,000.00 to be issued in the spring of 2001 and $7,600,000.00 to be issued in the spring of 2002.

 

Section 2. That the Council declares its intent to reimburse itself for certain expenditures made within 60 days prior to or on and after the date of this resolution with respect to the public improvements for the Zona Rose development project with the proceeds of Leasehold Revenue Bonds issued by the Kansas City Municipal Assistance Corporation. The amount of bonds expected to be issued for this project is approximately $14,000,000.00.

 

______________________________________________