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BOARD BILL NO. ORDINANCE NO. ORDINANCE AUTHORIZING THE CITY OF UNIVERSITY CITY, MISSOURI TO ISSUE NOT TO EXCEED $6,000,000 PRINCIPAL AMOUNT OF INDUSTRIAL DEVELOPMENT REVENUE BONDS (WINCO REDEVELOPMENT CORPORATION, INC. PROJECT), SERIES 2003, TO PAY ~ COSTS OF A PROJECT FOR AND ENTER INTO A LEASE AGREEMENT WITH WINCO REDEVELOPMENT CORPORATION, INC.; A MISSOURI CORPORATION, IN CONNECTION WITH THE PURCHASE, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF AN INDUSTRIAL PLANT; APPROVING A PLAN FOR THE PROJECT; AUTHORIZING AND APPROVING CERTAIN OTHER DOCUMENTS; AND AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION WITH THE ISSUANCE OF SAID BONDS AND CONTAINING AN EMERGENCY CLAUSE. WHEREAS, the City of University City, Missouri (the "Issuer") is authorized pursuant to the provisions of Sections 100.010 to 100.200, inclusive, of the Revised Statutes of Missouri, as amended (the "Act"), to issue its revenue bonds for the carrying out of a project under the Act, such revenue bonds to be paid solely from revenue received from such project, and to enter into a lease of the facilities financed with the proceeds of such revenue bonds with any person, firm or corporation; and WHEREAS, the Issuer has heretofore and does hereby find and determine that it is desirable for the economic development of the City of University City, Missouri and within the public purposes of the Act that the Issuer issue its Industrial Development Revenue Bonds (Winco Redevelopment Corporation, Inc. Project), Series 2003, in the principal amount of not to exceed $6,000,000, in one or more series (the "Bonds"), for the purpose of paying the costs of purchasing, constructing, improving and equipping an industrial plant (the "Project"), as more fully described in the Indenture and in the Lease Agreement hereinafter authorized, which Project shall be leased by the Issuer to Winco Redevelopment Corporation, Inc., a Missouri corporation (the "Company"); and WHEREAS, pursuant to the Act, the Issuer has provided notice of the proposed issuance of the Bonds, including a proposed redevelopment plan for a project for industrial development to be undertaken for the benefit of the Company; and WHEREAS, to support the payment of the principal and purchase price of and interest on the Bonds, the Company will cause to be delivered to the Trustee described below the Letter of Credit described below; and WHEREAS, the Issuer further finds and determines that it is necessary and desirable in connection with the issuance of the Bonds that the Issuer enter into certain documents, and that the Issuer take certain other actions and approve the execution of certain other documents as herein provided; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF UNIVERSITY CITY, MISSOURI, AS FOLLOWS: 2204940