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ORDINANCE NO. 140026
Authorizing a KCI Overhaul Base Super
Hangar lease with ATS Holdings, LLC; and estimating additional revenue.
BE IT ORDAINED
BY THE COUNCIL OF KANSAS CITY:
Section 1. That the
Director of Aviation is hereby authorized to execute a seven year with two
ten-year options to renew lease of the Super Hangar and other specified land at
Kansas City International Airport with ATS Holdings, LLC. A copy of the lease
is on file in the Aviation Department.
Section 2. That
revenue in the following account of the KCI Overhaul Base Fund is estimated in
the following amount:
Base Revenue $150,000.00
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.
as to form and legality:
Assistant City Attorney