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Legislation #: 071235 Introduction Date: 11/8/2007
Type: Ordinance Effective Date: 11/30/2007
Sponsor: None
Title: Authorizing a lease with The Oil Spot KC, LLC, for an on-airport public parking lot at the Kansas City International Airport; estimating revenue in the KC Airports Fund in the amount of $242,990.00 for four months of lease payments in Fiscal Year 2008; appropriating from the Unappropriated Fund Balance of the KC Airports Fund; and designating requisitioning authority.

Legislation History
DateMinutesDescription
11/7/2007 Filed by the Clerk's office
11/8/2007 Referred to Transportation and Infrastructure Committee
11/19/2007 Advance and Do Pass as a Committee Substitute, Debate
11/20/2007 Passed as Substituted

View Attachments
FileTypeSizeDescription
071235.pdf Authenticated 69K Authenticated
Approp _ Admin R-2007-01391.xls Other 322K Approp and Revenue Worksheet
Fact Sheet - Lease - Oil Spot KC LLC.xls Fact Sheet 79K Fact Sheet
Fiscal Note - Lease - Oil Spot KC, LLC.xls Fiscal Note 32K Fiscal Note

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 071235

 

Authorizing a lease with The Oil Spot KC, LLC, for an on-airport public parking lot at the Kansas City International Airport; estimating revenue in the KC Airports Fund in the amount of $242,990.00 for four months of lease payments in Fiscal Year 2008; appropriating from the Unappropriated Fund Balance of the KC Airports Fund; and designating requisitioning authority.

 

WHEREAS, the City will enter into a lease agreement with the Oil Spot KC, LLC, its successors or assigns, and begin collecting lease payments January 01, 2008; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the revenue in the following account of the KC Airports Fund is estimated in the following amount:

 

08-8300-620000-470640 Aviation Ground Rent $242,990.00

 

Section 2. That $242,990.00 is appropriated from the Unappropriated Fund Balance of the KC Airports Fund to the following account in the KC Airports Fund:

 

08-8300-627270-B KCI Capital Improvements $242,990.00

 

Section 3. That the Director of Aviation is hereby authorized to enter into a twenty (20) year lease with The Oil Spot KC, LLC, or any other entity operated and controlled by Leo Glynn and approved by the Director of Aviation for approximately 10.6 acres of land with improvements for use as a public parking lot at an annual rent payment to City of $728,971.52, located at 11500 N.W. Prairie View Road, Kansas City, Missouri 64153 at the Kansas City International Airport. A copy of the lease is on file in the Office of the City Clerk.

 

Section 4. That the Director of Aviation is designated as requisitioning authority for Account No. 08-8300-627270.

 

_____________________________________________

 


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