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Legislation #: 120501 Introduction Date: 5/31/2012
Type: Ordinance Effective Date: 7/8/2012
Sponsor: None
Title: Approving the Leased Property Revenues Budget for Fiscal Year 2012-2013, representing proceeds received by the Port Authority of Kansas City, Missouri, under a sublease agreement for the Isle of Capri-Kansas City, Inc. site.

Legislation History
DateMinutesDescription
5/30/2012 Filed by the Clerk's office
5/31/2012 Referred to Finance, Governance & Ethics Committee
6/6/2012 Hold On Agenda (6/20/2012)
6/20/2012 Do Pass
6/21/2012 Assigned to Third Read Calendar
6/28/2012 Passed

View Attachments
FileTypeSizeDescription
120501.tiff Authenticated 36K AUTHENTICATED
PORT AUTHORITY.pdf Other 56K Port Authority 2012-2013 Budget
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=120501 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=120501
120501 Fact Sheet.xls Fact Sheet 71K Fact Sheet
City Manager's Certificate traditional format fy 2012-13 5 12.XLS Other 30K City Manager's Annual Certificate FY2012-13

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ORDINANCE NO. 120501

 

Approving the Leased Property Revenues Budget for Fiscal Year 2012-2013, representing proceeds received by the Port Authority of Kansas City, Missouri, under a sublease agreement for the Isle of Capri-Kansas City, Inc. site.

WHEREAS, on May 14, 1993, the City of Kansas City, Missouri and the Port Authority of Kansas City, Missouri entered into the Kansas City Riverfront Lease Agreement, subsequently amended, pursuant to which the City leased certain riverfront property to the Port Authority, and established a budget approval process for the use of Leased Property Revenues received from the Sublease; and

WHEREAS, the Council passed Ordinance Nos. 070491, 080563, 090631, 100392, and 110447, approving the Leased Property Revenues Budgets for Fiscal Years 2006-2012 and approving the Port Authority’s budget for use of its share of Leased Property Revenue for 2006-2012; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Leased Property Revenue Budget for Fiscal Year 2012-2013 (comprising the City Manager’s Certificate for Fiscal Year 2012-2013 under the Amended Lease), and the budget for the Port Authority’s share of Leased Property Revenue for Fiscal Year 2012-2013 are hereby approved.

 

_____________________________________________

 

Approved as to form and legality:

 

 

______________________________

Brian Rabineau

Assistant City Attorney