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Moberly council tables $38 million industrial revenue bond ordinance for bakery project until Nov. 17
Summary
Council voted to table an ordinance that would authorize up to $38 million in taxable industrial revenue bonds for the Moberly Bakery Mix LLC project after staff said the measure was not ready for action; the item will return on Nov. 17, 2025.
The Moberly City Council voted unanimously on Oct. 30, 2025, to table an ordinance that would authorize the issuance of taxable industrial revenue bonds for the Moberly Bakery Mix LLC project in an amount not to exceed $38 million.
Staff told the council the ordinance was not ready for action. The mayor said, "staff's indicated that this ordinance is not ready for council action this evening. I would entertain a motion to table the ordinance ... until the November 17th meeting," and council members moved to table the ordinance.
Why it matters: the ordinance would have authorized a major package of taxable industrial revenue bonds (the packet and the public hearing referenced Sections 100-010 through 100-200 of the Revised Statutes of Missouri). Proponents identify such bonds as a financing mechanism to help a company acquire, construct and equip an industrial facility; tabling delays any commitments and gives staff time to finalize documents and conditions.
What happened next: Council voted by roll call to table the measure. The transcript records affirmative roll-call votes from Lucas, Kimmons, Mchuan, Graph and Scubic. The ordinance was formally tabled to the Nov. 17, 2025 council meeting; staff was directed to return the item with complete documents for consideration.
Provenance: Topic first introduced at SEG 510 and last discussed in this item through SEG 579.
