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Legislation #: 050140 Introduction Date: 2/3/2005
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBERS XBARNES, FAIRFIELD AND SKAGGS
Title: Authorizing a twenty-five year lease with American Airlines for the Overhaul Base at Kansas City International Airport.

Legislation History
DateMinutesDescription
2/3/2005 Filed by the Clerk's office
2/3/2005 Passed

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050140.pdf Authenticated 32K Authenticated

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ORDINANCE NO. 050140

 

Authorizing a twenty-five year lease with American Airlines for the Overhaul Base at Kansas City International Airport.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of Aviation is authorized to execute a 25-year Lease with American Airlines for the Overhaul Base at Kansas City International Airport for at least $1 million per year with rent escalation of an additional $250,000.00 during the lease term and issuance of bonds by the City of at least $40 Million for rehabilitation of the facility.

 

_____________________________________________

 

Approved as to form and legality:

 

 

___________________________________

Dorothy L. Campbell

Assistant City Attorney