ORDINANCE NO. 230551
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Sponsor: Councilmember Katheryn Shields
Authorizing the City Manager or his designee to terminate a lease with the Planned Industrial Expansion Authority for certain real property generally located in the River Market and bounded by 3rd Street on the north, 4th Street on the south, Main Street on the east, and an access alley on the west and commonly known as 300 Main Street, Kansas City, Missouri; upon termination of the lease, declaring such property surplus to the City's needs; authorizing the Director of General Services to execute a Purchase and Sale Agreement with the Port Authority of Kansas City, Missouri for the conveyance of the real property; and authorizing the Director of General Services to execute such deeds and other documents as may be necessary for the conveyance.
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WHEREAS, the City of Kansas City, Missouri ("City") and the Port Authority of Kansas City, Missouri ("Port KC") are political subdivisions of the State of Missouri and are authorized to accept, receive, transfer and convey real property, and to cooperate with each other to accomplish their purposes; and
WHEREAS, City currently owns real property located in the River Market and generally bounded by 3rd Street on the north, 4th Street on the South, Main Street on the east, and an access alley on the west ("Subject Property"); and
WHEREAS, the Subject Property is currently being leased to the Planned Industrial Expansion Authority until 2025; and
WHEREAS, the City has agreed to transfer real property immediately to the south of the Subject Property to Port KC, pursuant to Committee Substitute for Ordinance No. 200227, in furtherance of a residential and commercial development known as "Bellwether"; and
WHEREAS, the Council has determined that the Subject Property is not needed for public use; and
WHEREAS, the Subject Property is currently utilized as a greenspace and, while not a public park...
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