File #: 211016    Version: Name:
Type: Ordinance Status: Passed
File created: 11/4/2021 In control: Council
On agenda: 12/9/2021 Final action:
Title: Approving an Industrial Development Plan for Fidelity Security Life Insurance Company, Inc., a Missouri insurance company, and its affiliates or designees, for the purpose of acquiring, equipping and constructing a project for industrial development consisting of the construction, improvement and renovation of a headquarters facility for Fidelity Security Life Insurance Company, Inc., a Missouri insurance company, and its affiliates and designees, located at the intersection of 27th Street and Grand Boulevard in Kansas City, Missouri; authorizing and approving various agreements for the purpose of setting forth covenants, agreements and obligations of the City and Fidelity Security Life Insurance Company, Inc., and its affiliates or designees; authorizing the issuance of taxable industrial development review bonds in a maximum aggregate principal amount not to exceed $84,000,000.00; authorizing and approving certain other documents; and authorizing certain other actions in connection w...
Sponsors: Katheryn Shields
Attachments: 1. 211016 Fiscal Note, 2. Fidelity Security Life Insurance Company Headquarters Building - 27th_Grand Ch 100 Plan Incentive Feedback (Ordinance 211016), 3. Subject_ 27th_Grand Ch 100 Plan Incentive Feedback - Ordinance No. 211016, 4. Hallmark SP Support, 5. CCRC NG Support, 6. 27th and Grand - EDC Presentation, 7. Fact Sheet- FSL Ch 100 FINAL, 8. 211016 cs to org ord-com, 9. Public Testimony - Gary Edson, 10. Opposition to 211016- Shawn Tolivar, 11. Public Testimony - Laurie Chipman, 12. Public Testimony - Frank Sereno, 13. Ordinance-210116 - KCPS DAC, 14. Ordinance 211016 letter to Council (003), 15. Authenticated Ordinance 211016 C.S. Amended
COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 211016, AS AMENDED

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Approving an Industrial Development Plan for Fidelity Security Life Insurance Company, Inc., a Missouri insurance company, and its affiliates or designees, for the purpose of acquiring, equipping and constructing a project for industrial development consisting of the construction, improvement and renovation of a headquarters facility for Fidelity Security Life Insurance Company, Inc., a Missouri insurance company, and its affiliates and designees, located at the intersection of 27th Street and Grand Boulevard in Kansas City, Missouri; authorizing and approving various agreements for the purpose of setting forth covenants, agreements and obligations of the City and Fidelity Security Life Insurance Company, Inc., and its affiliates or designees; authorizing the issuance of taxable industrial development review bonds in a maximum aggregate principal amount not to exceed $84,000,000.00; 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 Industri...

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