ORDINANCE NO. 940113
Authorizing an Escrow Agreement with the Missouri Highway
and Transportation Commission and Commerce Bank of Kansas City, N.A., a
national banking association, relating to improvement of Missouri Route 150
from State Line Road to Holmes Road.
WHEREAS, the Council finds that the City has entered
into a Cooperative Agreement for public improvement with the Missouri Highway
and Transportation Commission on November 16, 1992, as authorized by Ordinance
No. 921209, passed November 5, 1992, wherein the City agrees that upon approval
of all agreements, plans and specifications, Commission will proceed to
acquire, in the name of the City, any necessary right-of-way required for the
construction of the improvement; and, as the impending Grantee in the deed to
this property it is required that the City be party to the said Escrow
Agreement; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the Director of Public Works is
hereby authorized to enter into and execute, on behalf of the City, an Escrow
Agreement between the Missouri Highway and Transportation Commission, the City
of Kansas City, a municipal corporation of the State of Missouri, and Commerce
Bank of Kansas City, N.A., a national banking association, relating to the
improvement of Missouri Route 150 from State Line Road to Holmes Road, in
Kansas City, Missouri. The agreement shall be essentially in the form which is
attached and incorporated herein by reference.
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Approved as to form and
legality:
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Assistant City Attorney