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Legislation #: 170505 Introduction Date: 7/13/2017
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the Director of the Water Services Department to enter into an Option Agreement with Midway Auto Realty, LLC, in an amount not to exceed $2,500,000.00 and to execute ancillary documents all related to the real property acquisition of 950 N. Century Avenue.

Legislation History
DateMinutesDescription
7/10/2017 Filed by the Clerk's office
7/13/2017 Referred to Transportation & Infrastructure Committee
7/20/2017 Do Pass
7/20/2017 Assigned to Third Read Calendar
7/27/2017 Passed

View Attachments
FileTypeSizeDescription
170505.pdf Advertise Notice 127K Authenticated
950 N Century Ave Purchase Fact Sheet 062917-Revised.xlsx Fact Sheet 21K 950 N Century Purchase Fact Sheet
950 N Century Ave Purchase Fiscal Note.xls Fiscal Note 37K 950 N Century Purchase Fiscal Note

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ORDINANCE NO. 170505

 

Authorizing the Director of the Water Services Department to enter into an Option Agreement with Midway Auto Realty, LLC, in an amount not to exceed $2,500,000.00 and to execute ancillary documents all related to the real property acquisition of 950 N. Century Avenue.

 

WHEREAS, Midway Auto Realty, LLC, owns certain real property located at 950 N. Century Avenue, Kansas City, Missouri which is near property owned by the City of Kansas City, which houses certain essential operations of the Water Services Department; and

 

WHEREAS, the City and its Water Services Department would benefit from acquiring this property; NOW, THEREFORE

  

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Council finds and determines that ownership of the real property located at 950 N. Century Drive and owned by Midway Auto Realty, LLC would be beneficial to the City and its Water Services Department.

Section 2. That the Director of the Water Services Department is hereby authorized to execute, and thereafter exercise, an Option Agreement with Midway Auto Realty, LLC, in substantially the same form as that attached hereto, with a purchase price not to exceed $2,500,000.00 to be expended from Account No. 18-8110-807710-632100-81000812, Service Facility Improvement.

 

Section 3. That the Director of the Water Services Department is hereby authorized to execute ancillary documents needed to effectuate the transactions noted herein including the purchase of the real property.

 

_____________________________________________

 

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.

 

______________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

______________________________

Charlotte Ferns

Assistant City Attorney