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ORDINANCE NO. 110859
Approving the Petition to
establish The Old Foundation Community Improvement District; establishing The
Old Foundation Community Improvement generally located at the southwest corner
of Interstate Highway 29 and N.W. 64th Street, in Platte County, Missouri; and
directing the City Clerk to report the creation of the District to the Missouri
Department of Economic Development.
BE IT ORDAINED BY THE COUNCIL OF
Section 1. That
the petition to establish The Old Foundation Community Improvement District
(the “District”) as a political subdivision in accordance with Section 67.1401
through Section 67.1571, RSMo, otherwise known as the Missouri Community
Improvement District Act (the “Act”), is hereby approved in its entirety.
Section 2. That the
District is hereby established for the purposes set forth in the petition, and that
the District shall have all the powers and authority authorized by the
petition, the Act, and by law, and shall continue to exist and function in
perpetuity following the effective date of this ordinance.
Section 3. That
the District shall annually submit its proposed budget, report and copies of
written resolutions passed by the District’s board to the City pursuant to
Section 67.1471, RSMo.
Section 4. That upon
the effective date of this ordinance, the City Clerk is hereby directed to
report the creation of the District to the Missouri Department of Economic
Development pursuant to Section 67.1421.6, RSMo, by sending a copy of this
ordinance to said agency.
as to form and legality: