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Legislation #: 140054 Introduction Date: 1/16/2014
Type: Ordinance Effective Date: none
Sponsor: None
Title: Approving the Leased Property Revenues Budget for Fiscal Year 2013-2014, representing proceeds received by the Port Authority of Kansas City, Missouri, under a sublease agreement for the Isle of Capri-Kansas City, Inc. site.

Legislation History
DateMinutesDescription
1/15/2014 Filed by the Clerk's office
1/16/2014 Referred to Planning, Zoning & Economic Development Committee
1/22/2014 Hold On Agenda (1/29/2014)
1/29/2014 Do Pass
2/6/2014 Passed

View Attachments
FileTypeSizeDescription
140054 FY 2013-2014 Port Authority budget for use of Isle of Capri Funds 11 13.pdf Other 8K Port Authority Budget
140054 City Manager's Certificate 2013-14 10 13.pdf Other 10K City Manager's Certificate
140054 Fiscal Note.pdf Fiscal Note 15K Fiscal Note
140054 Fact Sheet.pdf Fact Sheet 78K Fact Sheet

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ORDINANCE NO. 140054

 

Approving the Leased Property Revenues Budget for Fiscal Year 2013-2014, representing proceeds received by the Port Authority of Kansas City, Missouri, under a sublease agreement for the Isle of Capri-Kansas City, Inc. site.

WHEREAS, on May 14, 1993, the City of Kansas City, Missouri and the Port Authority of Kansas City, Missouri entered into the Kansas City Riverfront Lease Agreement, subsequently amended, pursuant to which the City leased certain riverfront property to the Port Authority, and established a budget approval process for the use of Leased Property Revenues received from the Sublease; and

WHEREAS, the Council passed Ordinance Nos. 070491, 080563, 090631, 100392, 110447, and 120501, approving the Leased Property Revenues Budgets for Fiscal Years 2006-2013 and approving the Port Authority’s budget for use of its share of Leased Property Revenue for 2006-2013; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Leased Property Revenue Budget for Fiscal Year 2013-2014 (comprising the City Manager’s Certificate for Fiscal Year 2013-2014, totaling $1,430,329.00), and the budget for the Port Authority’s share of Leased Property Revenue for Fiscal Year 2013-2014 are hereby approved.

 

_____________________________________________

 

Approved as to form and legality:

 

 

______________________________

Brian Rabineau

Assistant City Attorney