Ordinance

Ordinance No. 1012

An ordinance authorizing the City of Edgerton, Kansas, to issue industrial revenue bonds (elhc v, LLC project) series 2016, in an aggregate maximum principal amount not to exceed $31,500,000, for the purpose of providing funds to pay the cost of acquiring, purchasing, constructing, installing and equipping a commercial project, consisting of a warehouse and distribution facility, including land, buildings, structures, improvements, fixtures, machinery and equipment; authorizing the city to enter into a trust indenture with umb bank, n.a., as trustee; authorizing the city to enter into a lease agreement with elhc v, LLC; authorizing the city to enter into a bond purchase agreement in connection with the bonds, and authorizing and approving the execution of certain documents and the taking of other actions in connection with the issuance of the bonds