RESOLUTION NO. 930578
Approving the public sale of approximately $31,000,000.00
principal amount of Leasehold Revenue Capital Improvement Bonds, (Kansas City,
Missouri, Lessee) Series 1993A by Kansas City Municipal Assistance Corporation;
approving the use and public distribution of a Preliminary Official Statement
in connection therewith and authorizing the execution and delivery of a
definitive Official Statement relating thereto.
WHEREAS, it has been determined by the Kansas City
Municipal Assistance Corporation (the "Corporation") that the third
issue of the bonds referred to above shall consist of approximately
$31,000,000.00 principal amount of bonds designated "Leasehold Revenue
Capital Improvement Bonds (Kansas City, Missouri, Lessee) Series 1993A"
(the "Series 1993A Bonds"); and
WHEREAS, in connection with the public sale of the
Series 1993A Bonds, the Corporation proposes to use and publicly distribute a
Preliminary Official Statement, a copy of which is attached hereto; NOW,
BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:
Section 1. The Council hereby (i) approves the
public sale of the Series 1993A Bonds, (ii) authorizes and approves the
Preliminary Official Statement in substantially the form attached hereto as
Exhibit A, (iii) authorizes the preparation of a final Official Statement by
amending, supplementing and completing the Preliminary Official Statement; and
(iv) authorizes the execution of the final Official Statement by the Director
of Finance with such changes and additions thereto as the Director of Finance
shall deem necessary or appropriate, the signature of the Director of Finance
thereon being conclusive evidence of his approval and the Council's approval
thereof. The Council hereby consents to the use and public distribution by the
purchaser of the Series 1993A Bonds (the "Purchaser") of the
Preliminary Official Statement and the final Official Statement in connection
with the offering for sale of the Series 1993A Bonds.
Section 2. For the purpose of enabling the
Purchaser to comply with the requirements of Rule 15c2-12(b)(1) of the
Securities and Exchange Commission (the "Rule"), the City hereby
deems the information regarding the City contained in the Preliminary Official
Statement to be "final" as of its date, except for the omission of
such information as is permitted by the Rule, and the Director of Finance is
hereby authorized, if requested, to provide the purchaser a letter or certification
to such effect and to take such other actions or execute such other documents
as the Director of Finance in his reasonable judgment deems necessary to enable
the Purchaser to comply with the requirements of such Rule.
Section 3. The officials of the City are further
authorized and directed to execute such documents, instruments and certificates
and to take such further actions on behalf of the City as shall be necessary or
desirable to effect the terms and provisions of the Resolution.
Section 4. The Resolution shall take effect and be
in full force immediately from and after its adoption.