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Legislation #: 051294 Introduction Date: 10/20/2005
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER XBARNES
Title: Approving a development agreement between the National Association of Basketball Coaches Foundation and the City of Kansas City, Missouri to construct a National Basketball Experience and Hall of Fame in the Downtown Kansas City Arena.

Legislation History
DateMinutesDescription
10/20/2005 Filed by the Clerk's office
10/20/2005 Referred to Finance Committee
10/26/2005 Hold On Agenda (11/2/2005)
11/2/2005 Advance and Do Pass, Debate
11/3/2005 Passed

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ORDINANCE NO. 051294

 

Approving a development agreement between the National Association of Basketball Coaches Foundation and the City of Kansas City, Missouri to construct a National Basketball Experience and Hall of Fame in the Downtown Kansas City Arena.

 

WHEREAS, the National Association of Basketball Coaches Foundation ("NABC") and the City of Kansas City, Missouri ("City") entered into a Lease Agreement dated November 22, 2001 ("Lease Agreement"), in which the parties agreed to make certain expenditures and take certain actions respecting the construction of (a) the College Basketball Hall of Fame, (b) the Fan Experience Interactive Event, (c) the national headquarters of the NABC and (d) a retail shop (collectively "NABC Facilities"); and

WHEREAS, the parties desire to make certain modifications to the Lease Agreement herein stated for the purpose of constructing certain of the facilities within the Kansas City Arena; and

WHEREAS, each of the parties desire to make certain financial commitments to construct and develop the NABC Facilities in the Kansas City Arena; and

WHEREAS, the parties desire to enter into a Development Agreement detailing the terms of the transaction; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Council approves a Development Agreement with NABC, a copy of which is attached hereto and made a part hereof.

 

__________________________________________

 

Approved as to form and legality:

 

 

_________________________________

Heather A. Brown

Assistant City Attorney