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.          R 210-00          

A RESOLUTION

approving the proposal of Boone County Senior Citizen Services Corporation to construct a 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 Corporation’s 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.