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Legislation #: 980171 Introduction Date: 2/19/1998
Type: Ordinance Effective Date: none
Sponsor: None
Title: Approving the assignment of the obligations of Kansas City Terminal Railway Company under a deferral agreement with the City of Kansas City, Missouri, for the construction of 22nd Street and releasing Kansas City Terminal Railway Company from its obligations under such agreement.

Legislation History
DateMinutesDescription
2/19/1998

Prepare to Introduce

2/19/1998

Referred Planning, Zoning & Economic Development Committee

2/23/1998

Advance and Do Pass

2/23/1998

Passed


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ORDINANCE NO. 980171

 

Approving the assignment of the obligations of Kansas City Terminal Railway Company under a deferral agreement with the City of Kansas City, Missouri, for the construction of 22nd Street and releasing Kansas City Terminal Railway Company from its obligations under such agreement.

 

WHEREAS, Kansas City Terminal Railway Company and the City entered into a certain agreement dated February 18, 1998, for the purpose of providing for the deferral of construction of 22nd Street within the plat of Old Milwaukee Yard Subdivision; and

 

WHEREAS, pursuant to the terms of the agreement, Kansas City Terminal Railway Company shall not be deemed to have been released from its obligations under the contract until such time as the release is accepted and approved by the City; and

 

WHEREAS, Kansas City Terminal Railway Company has requested that it be released from the terms of the agreement; and

 

WHEREAS, Kansas City Terminal Railway Company has recently assigned the responsibility for the future construction of 22nd Street to Mittelman Furniture Co., Inc., McHubb, Inc., Levitt Enterprises, Inc., and G & G Investment; and

 

WHEREAS, Mittelman Furniture Co., Inc., McHubb, Inc., Levitt Enterprises, Inc., and G & G Investment have assumed the responsibilities under the terms of the agreement; and

 

WHEREAS, the City is agreeable to approve the assignment from Kansas City Terminal Railway Company to Mittelman Furniture Co., Inc., McHubb, Inc., Levitt Enterprises, Inc., and G & G Investment and to release Kansas City Terminal Railway Company from its liabilities under the terms of the agreement; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City hereby approves the assignment of the obligations under a certain deferral agreement between the City and Kansas City Terminal Railway Company to Mittelman Furniture Co., Inc., McHubb, Inc., Levitt Enterprises, Inc., and G & G Investment.

 

Section 2. That the Kansas City Terminal Railway Company is hereby released from its obligations under said deferral agreement, as amended.

 

Section 3. That the Director of Public Works is hereby authorized to take appropriate action to effect such approval of assignment and release of Kansas City Terminal Railway Company

 

________________________________________________________

 

Approved as to form and legality:

 

___________________________________

Assistant City Attorney