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Legislation #: 090815 Introduction Date: 9/17/2009
Type: Resolution Effective Date: none
Sponsor: COUNCILMEMBER JOHNSON
Title: Approving a project of the Industrial Development Authority of the county of Platte County, Missouri, to be located in Kansas City, Missouri.

Legislation History
DateMinutesDescription
9/16/2009 Filed by the Clerk's office
9/17/2009 Referred to Transportation and Infrastructure Committee
9/24/2009 Immediate Adoption
9/24/2009 Adopted

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RESOLUTION NO. 090815

 

Approving a project of the Industrial Development Authority of the county of Platte County, Missouri, 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 Platte County, Missouri (the Authority), will consider a Project for the Park Plaza Transportation Development District, a Missouri transportation development district (the "Borrower"), which Project is to be located in Kansas City, Missouri, and consisting of roadway and related improvements to be financed by the issuance by the Authority of bonds under the Act (the Bonds); 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 that portion 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 purchase and construction 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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