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Legislation #: 070074 Introduction Date: 1/18/2007
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the Director of City Development to enter into a lease agreement with Construction Craft Academy, Building 940, located at Richards-Gebaur for a period of five years.

Legislation History
DateMinutesDescription
1/17/2007 Filed by the Clerk's office
1/18/2007 Referred to Planning, Zoning & Economic Development Committee
1/24/2007 Hold On Agenda (2/7/2007)
2/7/2007 Do Not Pass
2/8/2007 Assigned to Third Read Calendar
2/15/2007 Failed

View Attachments
FileTypeSizeDescription
070074.pdf Authenticated 44K Authenticated
Revised_Factsheet.xls Fact Sheet 51K Revised Fact Sheet
Genordfactsht.xls Fact Sheet 51K Fact Sheet

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ORDINANCE NO. 070074

 

Authorizing the Director of City Development to enter into a lease agreement with Construction Craft Academy, Building 940, located at Richards-Gebaur for a period of five years.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of City Development is authorized to enter into a lease agreement with Construction Craft Academy for the purpose of operating a trade school for a term of the initial lease for 5 years, with three 2-year renewal options for the lease upon mutual consent of owner and tenant with the rent during the five year term being $14,360.60 annually provided tenant make certain repairs and upgrades to the building in the amount of $380,000.00 with the cost of these repairs and upgrades being amortized over the initial five year period.

 

Section 2. During the renewal periods and in the event the proposed upgrades and repairs are not completed during the initial five year lease period, rent shall be in the amount of $89,766.25 annually.

 

_____________________________________________

 

I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditure is to be charged, and a cash balance, otherwise unencumbered, in the treasury, to the credit of the fund from which payment is to be made, each sufficient to meet the obligation hereby incurred.

 

 

___________________________________

Debra R. Hinsvark

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Nicole Rowlette

Assistant City Attorney