HomeMy WebLinkAboutR-2023-097 Waiving Certain Bidding Procedures Related to Contracts Funded by the Taxable Industrial Rev Bonds IssuedRESOLUTION NO. R-2023-097
A RESOLUTION WAIVING CERTAIN BIDDING PROCEDURES RELATED TO
CONTRACTS FUNDED BY THE TAXABLE INDUSTRIAL REVENUE BONDS ISSUED
PURSUANT TO BILL NO. 2023-033.
WHEREAS, the City of Riverside, Missouri, a fourth-class city and political subdivision
of the State of Missouri (the "City"), is authorized and empowered pursuant to the provisions of
Article VI, Section 27(b) of the Missouri Constitution, as amended, and Sections 100.010 through
100.200, inclusive, of the Revised Statutes of Missouri, as amended (RSMo) (collectively, the
"Act"), to purchase, construct, extend and improve certain projects (as defined in Section 100.010
RSMo) and to issue industrial development revenue bonds for the purpose of providing funds to pay
the costs of such projects and to lease or otherwise dispose of such projects to private persons or
corporations for manufacturing, commercial, warehousing and industrial development purposes
upon such terms and conditions as the City shall deem advisable; and
WHEREAS, Section 100.050 RSMo requires the City to prepare a plan in connection with
any industrial development project undertaken pursuant to the Act; and
WHEREAS, the City, in accordance with Section 100.050 of the Act, prepared a Plan for
an Industrial Development Project dated May 30, 2023 (the "Plan") for a project consisting of the
purchasing, designing, constructing and installing of a portion of a soccer complex including an
"Academy Building" of approximately 2,900 square feet, four soccer fields, and associated
infrastructure and amenities (the "Project"), notice of the Project was given to the taxing
jurisdictions in accordance with Section 100.059.1 of the Act and the City now desires to approve
the Plan; and
WHEREAS, the City is issuing a series of industrial development bonds for the Project
under the Act pursuant to Bill No. 2023-033; and
WHEREAS, the City has and does hereby find and determine that it is desirable for the
economic development of the City and within the public purposes of the Act that the City proceed
with the issuance of said bonds for the purpose described above; and
WHEREAS, the City further finds and determines that it is necessary, desirable and in the
best interest of the City to waive the competitive bidding procedures contained within City
Ordinance Section 135.070 for the contract funded by the industrial development bond proceeds
authorized pursuant to Bill No. 2023-033 as such a waiver will result in a lower cost of goods
needed to satisfy such contracts.
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF
RIVERSIDE, MISSOURI, AS FOLLOWS:
THAT the Board of Aldermen hereby finds and determine that it is in the best interest of
the City to waive the bidding procedures contained within City Ordinance Section 135.070 for the
contract funded by the industrial development bond proceeds authorized pursuant to Bill No. 2023-
033.
FURTHER THAT the City shall, and the officials, agents and employees of the City are
hereby authorized to, take such further action, and execute such other documents, certificates and
instruments as may be necessary or desirable to carry out and comply with the intent of this
Ordinance. The Mayor is hereby authorized, throughout the term of the Lease Agreement
authorized pursuant to Bill No. 2023-033, to execute all documents on behalf of the City as may
be required to carry out and comply with the intent of this Ordinance, the Indenture and the Lease
Agreement.
PASSED AND ADOPTED by the Board of Aldermen of the City of Riverside, Missouri,
the 5th day of July 2023.
K hleen L. Rose, Mayor
ATTEST:
Robin Kincaid, Citx Clerk
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