ORDINANCE NO. 211037


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Approving the issuance by the City of Kansas City Missouri of its special obligation bonds (the "Series 2021E Bonds"), to finance and refinance certain obligations of the City on a taxable basis with an estimated cost of $50,500,000.00, such Series 2021E Bonds to be issued in an aggregate principal amount not to exceed $51,000,000.00; approving and authorizing certain documents and actions relating to the issuance of the Series 2021E Bonds; estimating and appropriating revenue in Fund No. 3340, the Taxable Special Obligation Refunding Bond Fund Series 2021E; designating requisitioning authority; and authorizing the Director of Finance to modify and close project accounts.


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WHEREAS, the City of Kansas City, Missouri (the "City") is authorized under its charter to issue its bonds or other obligations in evidence thereof; and

WHEREAS, the City and KC Hotel Property Owner, LLC, a Delaware limited liability company ("Hotel Property Owner") (as successor by assignment from KC Hotel Developers, LLC) are parties to that certain Second Amended and Restated Master Financing Agreement dated as of January 18, 2018 (as may be amended, modified, supplemented, replaced or restated from time to time, including by the hereinafter-defined First Amendment to Master Financing Agreement, the "Master Financing Agreement"), for the purpose of setting forth a master plan of finance for the construction of the Project defined and described therein (that being the acquisition and site preparation of the Project Site and the construction and equipping of the Hotel and the Parking/Meeting Space on the Project Site, as such terms are defined in the Master Financing Agreement); and

WHEREAS, Hotel Property Owner financed a portion of the Project through a term loan with NBH Bank, a Colorado state-chartered bank ("NBH") (the "Loan") that is secured by an assignment of the Contract Payments (as defined in the Master Financi...

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