HomeMy WebLinkAbout2007-110 - Proxy for Landowners Meeting
BILL N0.2007-110 ORDINANCE N0.2007-110
AN ORDINANCE GRANTING AND APPROVING THE EXECUTION BY THE
CITY OF RIVERSIDE FOR A PROXY FOR ANNUAL MEETING OF LANDOWNERS
OF RIVERSIDE-QUINDARO BEND LEVEE DISTRICT OF PLATTE COUNTY,
MISSOURI; DIRECTING THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE
CITY OF RIVERSIDE, MISSOURI TO EXECUTE A PROXY RELATED THERETO,
AND AUTHORIZING OTHER DOCUMENTS AND ACTIONS RELATED THERETO
WHEREAS, the City of Riverside, Missouri owns real property located within the
Riverside-Quindaro Bend Levee District of Platte County, Missouri ("Levee District").
WHEREAS, the Levee District holds an annual meeting each year at which landowners
are entitled to vote to elect Supervisors.
WHEREAS, the City desires to grant a proxy for its voting rights at the 2007 annual
meeting.
WHEREAS, The Industrial Development Authority of the City of Riverside, Missouri
(the "Authority"), at the request of the City, issued its Industrial Development Revenue Bonds
(Riverside Horizons Infrastructure Project -City of Riverside, Missouri), Series 2007 in the
principal amount of $40,265,000 (the "Bonds") and the City transferred certain property to the
Authority in connection therewith (the "Mortgaged Property").
WHEREAS, the City desires to provide direction to the Authority with respect to
granting a proxy for the voting rights associated with the Mortgaged Property.
NOW, THEREFORE, be it ordained by the Board of Aldermen of the City of Riverside,
Missouri as follows:
Section 1. The City grants to John McClelland the right to act as Proxy for the City at
the 2007 Levee District annual meeting of the landowners. The Proxy for Annual Meeting of
Landowners of Riverside-Quindaro Bend Levee District of Platte County, Missouri, in
substantially the form attached, is approved, and the Mayor and the City Clerk are authorized
and directed to execute the Proxy.
Section 2. With respect to the Mortgaged Property, the Authority is hereby directed
to grant a proxy, in a form similar to the proxy attached hereto, to John McClelland to act for the
Authority at the 2007 Levee District annual meeting of the landowners.
Section 3. The officers and agents of the City are hereby authorized to execute and
deliver of all documents and perform all actions necessary or desirable to effectuate the intent of
this Ordinance.
Section 4. This ordinance shall take effect immediately.
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Passed and approved thi~~~' !'"day of October, 2007.
ATTEST:
[seal]
o 'se Rusick, City Clerk
Kathleen L. Rose, Mayor
PROXY FOR ANNUAL MEETING OF LANDOWNERS
OF RIVERSIDE-QUINDARO BEND LEVEE DISTRICT
OF PLATTE COUNTY, MISSOURI
KNOW ALL MEN BY THESE PRESENTS THAT the City of Riverside, Missouri (the
"Cit}~~ being an owner of real estate and other property, situate in the Riverside-Quindaro Bend
Levee District of Platte County, Missouri (the "Levee District"),being entitled to votes at the
annual meeting of landowners of the Levee District to be held on or about Thursday, October 11,
2007, in Riverside, Missouri does hereby constitute and appoint John McClelland with full
power of substitution, the proxy of the City to represent and vote all votes to which the City is
entitled at such meeting on the election of one or more supervisor(s) to the Board of Supervisors
of the Levee District and any other business as may properly come before said annual meeting or
any adjournment thereof and the City hereby revokes any authorization to vote at said meeting
heretofore given by the City to anyone.
IN WITNESS WHEREOF, the City, by and through its authorized official, has executed
this Proxy this NO day of October, 2007.
THE CITY OF RIVERSIDE, MISSOURI
x-~ ~
By:
ayor
ATTEST:
[seal]
C' Clerk
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