ORDINANCE NO. 040228

Lease Agreement between City of Kansas City, Missouri and LJA Enterprises for rental of retail space located in the 11th and Oak Street Parking Garage.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of City Development is hereby authorized to enter into a Lease Agreement with LJA Enterprises for 1,690 square feet of retail space located in retail space 2C of the 11th and Oak Street Parking Garage for a period of 5 years beginning March 1, 2004 through February 28, 2009.

Section 2. The Director of City Development is authorized to renew this lease for one (1) additional five-year period with a Consumer Price Index (CPI) increase in rent to begin during the option period beginning March 1, 2009.

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Approved as to form and legality:

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Alisa Lynch

Assistant City Attorney