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Legislation #: 060438 Introduction Date: 4/20/2006
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the Director of Neighborhood and Community Services to amend a lease agreement with Leeds Industrial Park, Inc., for office space located at 6817 Stadium Driver, Suite 116, and approximately 18 acres of land.

Legislation History
DateMinutesDescription
4/18/2006 Filed by the Clerk's office
4/20/2006 Referred to Neighborhood Development and Housing Committee
5/3/2006 Advance and Do Pass, Debate
5/4/2006 Passed

View Attachments
FileTypeSizeDescription
060438.pdf Authenticated 114K Authenticated
Fiscal Notes -Tow lot lease.xls Fiscal Note 31K Fiscal Note
GOFS Tow lot lease 2006.doc Fact Sheet 139K Fact Sheet

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ORDINANCE NO. 060438

 

Authorizing the Director of Neighborhood and Community Services to amend a lease agreement with Leeds Industrial Park, Inc., for office space located at 6817 Stadium Driver, Suite 116, and approximately 18 acres of land.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of Neighborhood and Community Services is authorized to execute, on behalf of the City, an amended lease agreement with Leeds Industrial Park, Inc., to extend the lease for two years beginning May 1, 2006 at a rate of $59,595.00 per quarter, increasing to $66,000.00 per quarter beginning May 1, 2007, to allow for the reduction of up to four (4) acres at the rate of $800.00 per acre per month during the lease agreement, and to provide for a month to month hold over at the rate of $24,000.00 per month if Neighborhood and Community Services has not vacated the property at the end of the two year lease period, and providing a ninety (90) day notification to cancel the month to month agreement.

 

Section 2. That the Director of Neighborhood and Community Services is authorized to expend funds up to a total of $238,380.00 using funds previously appropriated to Account No. 07-1000-572325-B for lease payments under the amended lease agreement.

 

_____________________________________________

 

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.

 

 

___________________________________

Debra R. Hinsvark

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

William Geary

Assistant City Attorney