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Legislation #: 030343 Introduction Date: 3/20/2003
Type: Ordinance Effective Date: 4/6/2003
Sponsor: None
Title: Approving a plan for industrial development for construction, acquisition, equipping and furnishing of a regional headquarters for AmerisourceBergen Corporation located at N.W. 112th Street and N. Congress Avenue, Kansas City, Missouri; and directing the City Clerk to file certain documents with the appropriate offices.

Legislation History
DateMinutesDescription
3/20/2003

Prepare to Introduce

3/20/2003

Referred Planning, Zoning & Economic Development Committee

3/26/2003

Referred Finance and Audit Committee

3/26/2003

Advance and Do Pass

3/27/2003

Passed


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ORDINANCE NO. 030343

 

Approving a plan for industrial development for construction, acquisition, equipping and furnishing of a regional headquarters for AmerisourceBergen Corporation located at N.W. 112th Street and N. Congress Avenue, Kansas City, Missouri; and directing the City Clerk to file certain documents with the appropriate offices.

 

WHEREAS, the City of Kansas City, Missouri, a constitutional charter city and municipal corporation of the State of Missouri (the City) is authorized pursuant to the provisions of Article VI, Section 27 of the Missouri Constitution, as amended, and Sections 100.010 to 100.200, inclusive, of the Revised Statutes of Missouri, as amended, and the City of Kansas City Charter (collectively, the Act), to issue its revenue bonds for the carrying out of a project under the Act, such revenue bonds to be paid solely from revenue received from such project, and to enter into a lease of the facilities financed with the proceeds of such revenue bonds with any person, firm or corporation; and

 

WHEREAS, MasterCard International has requested that the City approve a Chapter 100 plan for an industrial development project in the City, consisting of construction, acquisition, equipping and furnish of a regional headquarters and the purchase of equipment to be leased to AmerisourceBergen Corporation; and

 

WHEREAS, the City has adopted Committee Substitute for Resolution No. 030215 expressing its interest in issuing Chapter 100 bonds (the Bonds) for the purpose of carrying out a development project for AmerisourceBergen (the Project); and

 

WHEREAS, the Council has heretofore and does hereby find and determine that it is desirable for the economic development of the City and within the public purposes of the Act that the Council approve a Chapter 100 plan as proposed by AmerisourceBergen; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council hereby finds and determines that the Project will promote the economic well-being and industrial development of Kansas City, Missouri, and the issuance of the Citys industrial revenue bonds to pay the costs of the Project will be in furtherance of the public purposes set forth in the Act. The Council hereby approves the following plan for an industrial development project:

 

(a) Construction, acquisition, equipping and furnishing of a regional headquarters equipment including computers, office equipment and other related personal property in the City of Kansas City, Missouri, at N.W. 112th Street and N. Congress Avenue.

 

(b) A total estimated project cost of $40 million in real and personal property. Project costs include approximately $20 million to construct the facility and $20 million in equipment purchases.

 


(c) The project will be funded from proceeds of the sale of up to $40 million maximum principal amount of Taxable Industrial Revenue Bonds to be issued by the City.

 

_____________________________________________

 

Approved as to form and legality:

 

 

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Assistant City Attorney