RESOLUTION NO. 010606
Approving a project of the
Industrial Development Authority of the County of Jackson, State of Missouri
(Avila College Project), to be located in Kansas City, Missouri.
WHEREAS, pursuant
to the authority of the Industrial Development Corporations Act, Chapter 349 of
the Missouri Revised Statutes, as amended (the Act), The Industrial
Development Authority of the County of Jackson, State of Missouri (the
Authority), by Resolution adopted by its Board of Directors on April 25,
2001, has approved a Project for Avila College, a Missouri nonprofit pro forma
decree corporation (the Borrower), which Project is to be located in Kansas
City, Missouri, and consisting of the acquisition, construction, improvement,
equipping and furnishing of facilities at the Borrowers campus at 11901
Wornall Road, to be financed by the issuance by the Authority of revenue bonds
under the Act in a principal amount not to exceed $4,200,000.00; and
WHEREAS, Section
349.010 of the Act provides that projects of a county industrial development
authority may be located within the incorporated limits of a municipality when
approved by the governing body of the municipality; NOW, THEREFORE,
BE IT RESOLVED BY
THE COUNCIL OF KANSAS CITY:
That the Council
hereby approves of the financing by the Authority of the Project located in the
City of Kansas City, Missouri. This approval does not impose any liability on
the City of Kansas City, Missouri, or in any way involve said City in the
issuance of said Bonds or the acquisition, construction, improvement, equipping
and furnishing of the proposed Project but is an accommodation by City, to
satisfy the requirements of Chapter 349.010 of the Act.
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