ORDINANCE NO. 250568
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Sponsor: Director of Aviation Department
Estimating revenue in the amount of $16,753.46; and authorizing the Director of Aviation to execute a twenty (20) year lease agreement with a ten (10) year renewal option with ALG Transportation, Inc., for 66,460 square feet of Hangar 5B and adjacent area located on N.W. Richards Road at the Charles B. Wheeler Downtown Airport.
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BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That revenue in the following account of the Aviation Fund is estimated in the following amount:
26-8300-620000-470640 Prop Rent-Aviation-Ground $16,753.46
Section 2. That the Director of Aviation is authorized to execute lease agreement 6223010001 with ALG Transportation, Inc., for a twenty (20) year term with a ten (10) year renewal option for 66,460 square feet of Hangar 5B and adjacent area located on N.W. Richards Road at the Charles B. Wheeler Downtown Airport. A copy of the lease agreement is on file in the Aviation 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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Charlotte Ferns
Senior Associate City Attorney