ORDINANCE NO. 250648
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Sponsor: Director of Public Works Department
Estimating revenue in the amount of $36,285.00 in the Capital Improvements Fund; and authorizing the Director of Public Works to execute a five-year lease agreement with the option for four additional five-year renewals with The Brookside Community Improvement District for surfacing parking lots at 63rd and Brookside Plaza.
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WHEREAS, the City owns fee simple interest in the Country Club Right of Way which was acquired by the City pursuant to Ordinance No. 200785; and
WHEREAS, a number of businesses and organizations utilize portions of the Country Club Right of Way for a variety of activities, including parking; and
WHEREAS, the City enters into lease agreements with these businesses and organizations in order to support these activities; and
WHEREAS, the lease agreement establishes an initial annual rent of $36,285.00 for use of the Premises during the first year, with a 15% increase in rent commencing each subsequent renewal term; and
WHEREAS, the revenue generated from said rent shall be allocated to the Capital Improvements Fund for Country Club Right of Way expenses; and
WHEREAS, pursuant to Section 3-201 of the City Code of Ordinances, the City Council must approve all leases of City property with a term longer than one year or for consideration in excess of $50,000.00; NOW, THEREFORE
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the revenue in the following account of the Capital Improvements Fund is hereby estimated in the following amount:
26-3090-891274-481000 Misc Contributions $36,285.00
Section 2. Authorizing the Director of Public Works to execute a five (5) year lease agreement with the option of four (4) additional five-year (5) renewals with The Brookside Community Improvement District for surfacing parking lots at 63rd and Brookside Plaza. A copy of the agreement is on file with the Public Works Department.
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I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditure is to be charged, and a cash balance, otherwise unencumbered, in the treasury, to the credit of the fund from which payment is to be made, each sufficient to meet the obligation hereby incurred.
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Tammy L. Queen
Director of Finance
Approved as to form:
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Dustin E. Johnson
Associate City Attorney