HomeMy WebLinkAboutRES.103.08-01-1984 . .
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_ RE S OLUT I ON N 0. ��
BILL N0. 84-74
RESOLUTION APPROVING A PROJECT OF THE
INDUSTRIAL DEVELOPMENT AUTHORITY OF THE
COUNTY OF CAPE GIRARDEAU, MISSOURI , TO BE
LOCATED IN CAPE GIRARDEAU, MISSOURI .
WHEREAS, pursuant to the authority of the Industrial
De�elopment Corporations Act, Chapter 349 of the Missouri
Reuised Statutes , as amended (the "Act") , T�he Industrial
Deuelopment Authority of the County of Cape Girardeau,
Missouri, by Resolution adopted by its Board of Directors on
October 14, 1982 (the "Inducement Resolution") , has appro�ed a
Project for Biokyowa Inc . , a Missouri corporation, to be
located in Cape Girardeau County , Missouri, consisting of
certain pollution control facilities , sewage and solid waste
disposal facilities , and dock and wharf facilities , including
buildings , structures , � impro�ements , fixtures , machinery and
equipment (the "Project") , said Project constituting a part of
the company ' s manufacturing plant to be located in Cape
Girardeau County , Missouri (the "Plant") , such Project to be
financed out of the proceeds of Industrial De�elopment Re�enue
bonds of the Authority in the principal amount of approximately
$5, 200,000; and
WHEREAS, pursuant to the authority of the Act, the
Authority by Resolution adopted by its Board of Directors on
July 5, 1984, has appro�ed an Amendment to the Inducement
Resolution to prouide for an increase in the estimated cost of
the Project, the completion of such Project to be financed our
of the proceeds of additional Industrial Deuelopment Reuenue
bonds of the Authority in the principal amount of approximately
$2, 200,000; and
WHEREAS, Section 349 .010 of the Act prouides that
projects of an industrial de�elopment authority of a county may
be located within the incorporated limits of a municipality
within such county when appro�ed by the go�erning body of such
municipality; and
WHEREAS, the Authority has requested the City to
appro�e the Project; and
WHEREAS, the City Council hereby finds and determines
that the Project will promote the economic welfare and the
de�elopment of the City of Cape Girardeau, Missouri, and will
be in furtherance of the public purposes set forth in the Act .
NOW, THEREFORE, BE IT RESOIVED by the City Council of
the City of Cape Girardeau, Missouri, that it hereby appro�es
the Project and grants its permission to the Authority to
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proceed with the financing and construction of the Project
through the issuance of the industrial deuelopment reuenue
bonds of the Autfiority in a principal amount not to exceed
$2,200,000 to be issued pursuant to the Act.
Adopted by the City Council this lst day
of August , 1984.
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Mayor Howard C. Tooke
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(Seal) eputy City Clerk , Evelyn LeGrand
EXCERPTS FROM CITY COUNCIL MEETING OF
AUGUST 1, 1984
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The Council convened in regular session with Mayor Tooke
presiding and Councilman Barklage, Herbst, Hilty, Schneider,
Smith and Strohmeyer present.
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Mr. Tooke moved that Evelyn LeGrand be appointed Deputy City
Clerk. Mr. Strohmeyer seconded, and the vote was as follows :
Ayes, Barklage, Herbst, Hilty, Schneider, Smith, Strohmeyer and
Tooke. Nays, none.
Attorney Mike Richey appeared before the Council on behalf
of Biokyowa, Inc. , regarding their request for a Resolution
approving Industrial Development Authority revenue bonds on a
development project.
BILL NO. 84-74 was presented as follows:
A RESOLUTION APPROVING A PROJECT OF THE INDUSTRIAL
DEVELOPMENT AUTHORITY OF THE COUNTY OF CAPE
GIRARDEAU, MISSOURI TO BE LOCATED IN CAPE GIRARDEAU,
MISSOURI.
Mrs. Schneider moved that the reading of the bill be approved
and that it be adopted as a Resolution. Mr. Strohmeyer seconded
and the vote was as follows: Ayes, Barklage, Herbst, Hilty,
Schneider, Smith, Strohmeyer and Tooke. Nays, none. This is
Resolution No. 103.
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Mr. Herbst moved that the Council adjourn, Mr. Smith seconded
and the vote was as follows : Ayes, Barklage, Herbst, Hilty,
Schneider, Smith, Strohmeyer and Tooke. Nays, none.
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Howard C. Tooke, Mayor
ATTEST:
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E elyn eGran
Deputy City Clerk