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Legislation #: 950787 Introduction Date: 6/8/1995
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER BLACKWOOD
Title: Authorizing the Director of City Development to execute a Cooperative Agreement between the City, the Tax Increment Financing Commission and Kansas City Downtown Hotel Group, L.L.C. for the 12th _ Wyandotte Hotel Redevelopment Project and directing the City Clerk to record same; authorizing the Director of City Development to execute the Operating Lease Agreement with the Kansas City Downtown Hotel Group, L.L.C.; and authorizing the Director of Finance to execute the Financing Lease Agreement and a Site Lease with the Tax Increment Financing Commission.

Legislation History
DateMinutesDescription
6/8/1995

Prepare to Introduce

6/8/1995

Referred Finance Committee

6/14/1995

Hold On Agenda

6/21/1995

Hold Off Agenda

8/2/1995

Hold On Agenda

8/9/1995

Advance and Do Pass as a Committee Substitute

8/10/1995

Passed


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ORDINANCE NO. 950787

 

Authorizing the Director of City Development to execute a Cooperative Agreement between the City, the Tax Increment Financing Commission and Kansas City Downtown Hotel Group, L.L.C. for the 12th & Wyandotte Hotel Redevelopment Project and directing the City Clerk to record same; authorizing the Director of City Development to execute the Operating Lease Agreement with the Kansas City Downtown Hotel Group, L.L.C.; and authorizing the Director of Finance to execute the Financing Lease Agreement and a Site Lease with the Tax Increment Financing Commission.

 

WHEREAS, Committee Substitute for Resolution No. 950551 expressed the support of the Council for the proposal of the Kansas City Downtown Hotel Group, L.L.C. to redevelop the Muehlebach site for hotel purposes, known as the 12th & Wyandotte Hotel Redevelopment Project; and

 

WHEREAS, certain documents are necessary in order to implement the proposal last submitted by Kansas City Downtown Hotel Group, L.L.C.; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of City Development is hereby authorized on behalf of the City to execute a Cooperative Agreement between the City, the Tax Increment Financing Commission and Kansas City Downtown Hotel Group, L.L.C. for the purposes of the 12th & Wyandotte Redevelopment Project, a copy of which, in substantial form, is attached hereto and made a part hereof.

 

Section 2. That the City Clerk is hereby directed to cause a copy of said Cooperative Agreement to be filed in the Office of the Secretary of State and recorded in the Office of the Department of Records of Jackson County.

 

Section 3. That the Director of City Development is hereby authorized to execute an Operating Lease Agreement between the City and Kansas City Downtown Hotel Group, L.L.C., a copy of which, in substantial form, is attached hereto and made a part hereof.

 

Section 4. That the Director of Finance is hereby authorized to execute a Financing Lease Agreement between the City and the Tax Increment Financing Commission, a copy of which, in substantial form, is attached hereto and made a part hereof.

 

Section 5. That the Director of Finance is hereby authorized to execute a Site Lease between the City and the Tax Increment Financing Commission, a copy of which, in substantial form, is attached hereto and made a part hereof.

 

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Approved as to form and legality:

 

 

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Assistant City Attorney