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Legislation #: 930578 Introduction Date: 5/20/1993
Type: Resolution Effective Date: 6/3/1993
Sponsor: None
Title: 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.

Legislation History
DateMinutesDescription
5/20/1993

Prepare to Introduce

5/20/1993

Referred Finance Committee

5/26/1993

Be Adopted

5/27/1993

Assigned to Third Read Calendar

6/3/1993

Adopted


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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, THEREFORE,

 

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.

 

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