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Legislation #: 170988 Introduction Date: 12/7/2017
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the Director of Public Works to execute a Lease Agreement with Spring Venture Group, LLC for use of the parking garages located at 1020 Wyandotte.

Legislation History
DateMinutesDescription
12/7/2017 Filed by the Clerk's office
12/7/2017 Referred to Finance and Governance Committee
12/13/2017 Hold On Agenda (12/20/2017)
12/20/2017 Hold On Agenda (1/10/2018)
1/10/2018 Hold On Agenda (1/17/2018)
1/24/2018 Advance and Do Pass as a Committee Substitute, Debate
1/25/2018 Passed as Substituted

View Attachments
FileTypeSizeDescription
170988.pdf Authenticated 46K Authenticated
170988 Revised Fiscal Note_Spring Venture Group.pdf Fiscal Note 96K Fiscal Note
170988 Revised Fact sheet 2017_Spring Venture Group.pdf Fact Sheet 188K Fact Sheet
170988 Ordinance.pdf Other 61K Ordinance
Spring Venture Group Lease FINAL.pdf Agreement 155K Agreement
SPRING VENTURE GROUP LEASE ORDINANCE.pdf Other 58K Other

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 170988

 

Authorizing the Director of Public Works to execute a Lease Agreement with Spring Venture Group, LLC for use of the parking garages located at 1020 Wyandotte.

 

WHEREAS, the City holds the right through an Agreement with Broadway Square Partners to grant use of certain parking spaces within a parking facility known as Wyandotte Garage, located at 1020 Wyandotte; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of Public Works is hereby authorized to execute the Lease Agreement with Spring Venture Group, LLC for an initial term of 13 years with three 5 year renewal options, for a total potential term of 28 years, for use of the parking garages located at 1020 Wyandotte. The Lease Agreement is approved in substantial form as that on file in the Department of Public Works.

 

__________________________________________________________________

Approved as to form and legality:

 

_______________________________

Dustin E. Johnson

Assistant City Attorney