Series 101 2000 ORDINANCES/RESOLUTIONS
Section 101-569 Res. 210-00; Approving the Proposal of Boone County Senior Citizen Services Corporation Re: Construction of a Nursing Home Facility to be Financed by the Industrial Development Authority (IDA) of Boone County
Council Bill No.
approving the proposal of Boone County Senior Citizen Services Corporation to construct
nursing home facility in the City of Columbia, Missouri to be financed by the Industrial
Development Authority of Boone County.
WHEREAS, pursuant to the authority of Chapter 349 of the Revised
Statutes of Missouri (the
Act), The Industrial Development Authority of Boone County, Missouri (the Authority)
intends to finance the acquisition, construction, improvement and equipping of a nursing home
facility, to be located at 1305 Bluff Creek Drive in the City of Columbia, Missouri (the
Project) for Boone County Senior Citizen Services Corporation, a Missouri nonprofit
corporation, by the issuance of health care facilities revenue bonds by the Authority under the
Act in a principal amount not to exceed $9,120,000; and
WHEREAS, Section 349.010 of the Act provides that projects of
an industrial development
authority of a county may be located within the incorporated limits of a municipality within such
county with the approval of the governing body of the municipality; and
WHEREAS, Boone County Senior Citizen Services Corporation has
requested that the City
Council of the City of Columbia, Missouri approve the Project; and
WHEREAS, the City Council hereby finds and determines that the
Project will promote the
economic welfare and the development of the City of Columbia, Missouri, and will be in
furtherance of the public purposes set forth in the Act.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBIA,
MISSOURI, AS FOLLOWS:
SECTION 1. The Boone County Senior Citizen Services Corporations
Project is hereby
approved in accordance with the requirements of Section 349.010 of the Act and the Authority is
permitted to proceed with the financing of the acquisition, construction, improvement and
equipping of the Project by the issuance of revenue bonds of the Authority pursuant to the Act.
ADOPTED this 16th day of October, 2000.