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Legislation #: 041062 Introduction Date: 9/23/2004
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the expenditure of previously appropriated funds in the amount of $199,220.00 to The Kansas City Landman, LLC d/b/a Budget Rent A Car at Kansas City International Airport.

Legislation History
DateMinutesDescription
9/23/2004

Prepare to Introduce

9/23/2004

Referred Aviation Committee

9/29/2004

Advance and Do Pass

9/30/2004

Passed


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041062.pdf Authenticated 48K 041062

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ORDINANCE NO. 041062

 

Authorizing the expenditure of previously appropriated funds in the amount of $199,220.00 to The Kansas City Landman, LLC d/b/a Budget Rent A Car at Kansas City International Airport.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of Aviation is hereby authorized to pay The Kansas City Landman, LLC, d/b/a Budget Rent A Car a one-time lump sum payment of $199,220.00 as buy-out for the remaining unamortized value of Budget Rent A Cars leasehold interest on the property located at 901 Tel Aviv Avenue.

 

Section 2. That the Director of Aviation is hereby authorized to execute the buy-out agreement and to expend the sum of $199,220.00 previously appropriated to the Kansas City Aviation Department from Account No. 05-8300-621040-B. A copy of the agreement is on file in the office of the City Clerk.

 

_____________________________________________

 

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.

 

 

___________________________________

Wanda Gunter

Acting Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Dorothy L. Campbell

Assistant City Attorney