ORDINANCE NO. 250143
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Sponsor: Director of Water Services Department
Authorizing the Director of Water Services Department to accept a special warranty deed from Hunt Midwest Properties, L.L.C., for the future Todd Creek Facility Land Acquisition; appropriating $188,448.00 for the transfer; authorizing the Director of the Water Services Department to enter into a lease with Martin Marietta Materials Real Estate Investments, Inc., granting access to mineral rights for the existing Todd Creek Facility upon completion of the New Todd Creek Facility; and recognizing this ordinance as having an accelerated effective date.
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WHEREAS, the City needs to acquire real property for the future Todd Creek Facility under Project No. 81000985; and
WHEREAS, the Water Services Department has identified two parcels owned by Hunt Midwest Properties, L.L.C. ("Hunt Midwest") that are suitable for the Todd Creek Facility located within Kansas City, Platte County, Missouri; and
WHEREAS, Committee Substitute for Ordinance No. 230975 authorized the Director of the Water Services Department to enter into a purchase option agreement with Hunt Midwest Properties, L.L.C., for $799,058.00, which shall be applied to the purchase price, granting the City an option to purchase one of two sites identified therein; and
WHEREAS, after completing due diligence on potential sites, the Water Services Department has identified the below-described tracts as the best site for the Todd Creek Facility; and
WHEREAS, the mineral rights of the below-described tracts are currently leased to Martin Marietta Materials Real Estate Investments, Inc. ("Martin Marietta"); and
WHEREAS, Martin Marietta and Hunt Midwest intend to terminate the existing lease for Tract 1, in consideration for Martin Marietta being granted access pursuant to a lease for a similar site; and
WHEREAS, the City and Martin Marietta have identified ...
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