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Legislation #: 050451 Introduction Date: 4/14/2005
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER EDDY
Title: Approving the change in franchise for the 13th and Wyandotte Hotel Redevelopment Project; and authorizing execution and delivery of any necessary documents and certificates in regard to the change.

Legislation History
DateMinutesDescription
4/14/2005 Filed by the Clerk's office
4/14/2005 Passed

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050451.pdf Authenticated 61K Authenticated

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ORDINANCE NO. 050451

 

Approving the change in franchise for the 13th and Wyandotte Hotel Redevelopment Project; and authorizing execution and delivery of any necessary documents and certificates in regard to the change.

 

WHEREAS, in conjunction with the 13th and Wyandotte Hotel Redevelopment Project on April 1, 1996, the Land Clearance for Redevelopment Authority (the Authority) issued $15,110,000 of its taxable leasehold revenue bonds (the Bonds) in support of support of renovations and improvements to the then Americana Hotel (the Hotel Project) at 13th and Wyandotte streets in downtown Kansas City, Missouri (the City); and

 

WHEREAS, the City through a Financing Agreement in conjunction with the Hotel Project provided its annual appropriation pledge as security for the Bonds; and

 

WHEREAS, the both the Hotel Projects Cooperative Agreement and the Operating Lease for the Bonds requires the Citys consent for any changes in the management or flag of the Hotel; and

 

WHEREAS, the City has previously approved changes in both the hotels management and flag to their current statuses as the Kansas City Doubletree Hotel and Boykin Lodging Company (Boykin), respectively; and

 

WHEREAS, Boykin requests the Citys consent to change the Hotels flag to that of a Radisson Hotel & Resorts; and

 

WHEREAS, the City Manager and City Council have reviewed this request and are in support of Boykins proposed change in the Hotels current flag;

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1 That the Council hereby approves the change in the hotel franchise for the 13th and Wyandotte Hotel Redevelopment Project from Doubletree Hotels Corporation to Radisson Hotels & Resorts and authorizes the City Manager to execute all documents and certificates required to accomplish the approved change.

 

______________________________________________________

 

Approved as to form and legality:

 

 

____________________________

Heather A. Brown

Assistant City Attorney