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File #: 230972    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 11/9/2023 In control: Council
On agenda: 11/30/2023 Final action: 11/30/2023
Title: Sponsor: City Manager Approving an Industrial Development Plan for McKesson Medical-Surgical Inc. (or an affiliate or other designee thereof) (the "Company"), for the purpose of developing or redeveloping a project for industrial development consisting of the acquisition, equipping and construction of a regional distribution center to be located in Kansas City, Missouri; authorizing and approving various agreements for the purpose of setting forth covenants, agreements and obligations of the City and Company; authorizing the issuance of taxable industrial revenue bonds in a maximum aggregate principal amount not to exceed $48,000,000.00; authorizing and approving certain other documents; and authorizing certain other actions in connection with the issuance of said bonds.
Sponsors: City Manager's Office
Attachments: 1. Project SAS Docket Memo, 2. Project SAS IDP 11-21, 3. Authenticated Ordinances 230972
ORDINANCE NO. 230972

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Sponsor: City Manager

Approving an Industrial Development Plan for McKesson Medical-Surgical Inc. (or an affiliate or other designee thereof) (the "Company"), for the purpose of developing or redeveloping a project for industrial development consisting of the acquisition, equipping and construction of a regional distribution center to be located in Kansas City, Missouri; authorizing and approving various agreements for the purpose of setting forth covenants, agreements and obligations of the City and Company; authorizing the issuance of taxable industrial revenue bonds in a maximum aggregate principal amount not to exceed $48,000,000.00; authorizing and approving certain other documents; and authorizing certain other actions in connection with the issuance of said bonds.

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WHEREAS, the City of Kansas City, Missouri, a constitutional charter city and municipal corporation of the State of Missouri (the "City") is authorized pursuant to the provisions of Article VI, Section 27(b) of the Missouri Constitution, as amended, and Sections 100.010 to 100.200, inclusive, of the Revised Statutes of Missouri, as amended, and the City of Kansas City Charter (collectively, the "Act"), to issue its revenue bonds for carrying out a project or projects under the Act, such revenue bonds to be paid solely from revenue received from such project, and to enter into a lease of certain property associated with the project to be financed with the proceeds of such revenue bonds with any person, firm or corporation; and

WHEREAS, the City has heretofore prepared and approved plans for the industrial development of the City and desires to approve an Industrial Development Plan (the "Plan") for the purpose of carrying out a development project (the "Project") for the Company; and

WHEREAS, the City intends to issue its Taxable Industrial Revenue Bonds (McKesson Medical-Surgical Inc. Project), or such other identifier deemed appropriate, i...

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