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HomeMy WebLinkAboutR-2017-069 Proxy Annual Meeting of Landowners RESOLUTION NO. R-2017-068 A RESOLUTION GRANTING AND APPROVING THE EXECUTION OF A PROXY FOR THE ANNUAL MEETING OF LANDOWNERS OF RIVERSIDE-QUINDARO BEND LEVEE DISTRICT; DIRECTING THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF RIVERSIDE, MISSOURI TO EXECUTE A PROXY RELATED THERETO, AND AUTHORIZING SUCH OTHER RELATED DOCUMENTS AND ACTIONS IN CONNECTION THEREWITH WHEREAS, the City of Riverside, Missouri owns real property located within the Riverside- Quindaro Bend Levee District of Platte County, Missouri ("Levee District"); and WHEREAS, the Levee District holds an annual meeting each year at which landowners are entitled to vote to elect Supervisors; and WHEREAS, the City desires to grant a proxy for its voting rights at the 2017 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"); and 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 at the 2017 annual meeting; NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS: THAT City Administrator Gregory P. Mills is hereby designated and shall act as the City of Riverside Proxy for the 2017 Levee District annual meeting of the landowners; FURTHER THAT 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 authorized, and the Mayor and City Clerk are authorized and directed to execute such Proxy; FURTHER THAT 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 City of Riverside City Administrator Gregory P. Mills to act for the Authority at the 2017 Levee District annual meeting of the landowners; FURTHER THAT the officers and agents of the City are hereby authorized to execute and deliver such documents and perform all actions necessary or desirable to effectuate the intent of this Resolution and Interim City Administrator Gregory P. Mills shall have full power of substitution under such proxy. PASSED AND ADOPTED by the Board of Aldermen and APPROVED by the Mayor of the City of Riverside, Missouri, the day of2017. Kat ten L. Rose, Mayor A R bir►:Kincai , City Clerk' s 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 "City") 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 October 18TH , 2017 at 12:00 am, in Riverside, Missouri does hereby constitute and appoint City Administrator Gregory P. Mills 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 Ci by nd thr ugh its authorized official, has executed this Proxy this -,;-Y jay of , 2017. THE CITY OF RIVERSIDE, MISSOURI „ ayor Kathleen L. Rose ATTEST:(.:' Robin Klrrcai ,', i Clerk