RESOLUTION NO. 040205
Expressing the Council's
interest in issuing Chapter 100 bonds in an amount not to exceed $8,500,000.00
for the purpose of carrying out an industrial development project including the
construction and equipping of a regional warehouse and distribution facility
for Medline Industries, Inc., and directing the City Manager to work with the
Economic Development Corporation to negotiate a plan to accomplish the project.
WHEREAS, the City
of Kansas City is authorized and empowered under Sections 100.010 through
100.200, RSMo, to issue revenue bonds for the purpose of carrying out a project
for industrial development; and
WHEREAS, the City
of Kansas City has engaged the Economic Development Corporation of Kansas City,
Missouri (EDC) to assist in the marketing, attraction, retention and expansion
of existing business, and to attract new businesses to Kansas City, Missouri; and
WHEREAS, in order
to retain jobs in Kansas City, Medline Industries, Inc., has expressed interest
in submitting a plan for a project in which the Council would issue and sell
industrial revenue bonds and use the proceeds to construct and equip a warehouse
and distribution facility (the Facility); NOW, THEREFORE,
BE IT RESOLVED BY
THE COUNCIL OF KANSAS CITY:
Section 1. That,
pursuant to the authority granted under Sections 100.010 through 100.200, RSMo,
in the event that the Council approves the plan submitted by Medline
Industries, Inc., the City hereby expresses its interest in considering the
issuance of revenue bonds in an amount not to exceed $8,500,000.00 for the
purpose of financing the cost of purchasing equipment and constructing a regional
warehouse and distribution facility at the northeast corner of Universal Avenue
and Commerce Avenue.
Section 2. That
the issuance of the bonds, if approved by the City, to finance the costs of the
proposed project is in furtherance of the public purposes set forth in the laws
of Missouri and the Facility will promote the welfare of the City and its
inhabitants.
Section 3. That
the Council directs the City Manager to negotiate a Chapter 100 Plan for this
project, and to subsequently present said plan to the Council for review.
Section 4. That
the Director of City Development, Director of Finance and City Attorney are
authorized and directed to negotiate with the appropriate officials of this
company, and in consultation with Economic Development Corporation, to prepare
the necessary documents for the issuance of the bonds, the construction of the
Facility and purchasing of the equipment, and any other documents, for final
presentation to and approval by the Council.
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