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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 020972
Authorizing execution of a
Sublease Agreement with MEP Investments, LLC, for the use of City-leased
property located at Richards-Gebaur Air Base, for the purpose of temporary storage
and maintenance of electrical power generation equipment.
BE IT ORDAINED BY
THE COUNCIL OF KANSAS CITY:
Section 1. That
the Director of the Department of City Development is hereby authorized to
execute a Sublease Agreement with Mep Investments, LLC, for City-leased
property generally located at Richards-Gebaur Air Base, Jackson County,
Missouri, and more particularly described as follows:
#940 and Building #945 located at the former Richards-Gebaur Air Base including
access points, concrete taxiways and ramps associated therewith.
A copy of the Sublease
Agreement is attached hereto and made a part hereof by reference, for a term of
one year, beginning September 1, 2002 and ending August 31, 2003, with a six
month option to renew at a rental rate of $180,000.00 for the entire term
payable in monthly installments of $15,000.00 each in advance.
as to form and legality: