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Legislation #: 001617 Introduction Date: 11/30/2000
Type: Ordinance Effective Date: 12/24/2000
Sponsor: None
Title: Authorizing a three year Lease Agreement with a 25 year extension with Trans World Airlines, Inc., for Project No. C000353 - Aircraft Maintenance Operation Center Lease at Kansas City International Airport.

Legislation History
DateMinutesDescription
11/30/2000

Prepare to Introduce

11/30/2000

Referred Aviation Committee

12/13/2000

Advance and Do Pass as a Committee Substitute

12/14/2000

Passed as Substituted


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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 001617

 

Authorizing a three year Lease Agreement with a 25 year extension with Trans World Airlines, Inc., for Project No. C000353 - Aircraft Maintenance Operation Center Lease at Kansas City International Airport.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of Aviation is hereby authorized to execute a Lease Agreement for Project No. C000353 - Aircraft Maintenance Operations Center Lease at Kansas City International Airport with Trans World Airlines, Inc., for an initial term of 3 years, automatically extended to 25 years upon sale and delivery of special facility bonds payable by TWA for renovation of the facility, in substantial compliance with Exhibit A attached hereto, and in connection therewith, is authorized to execute such documents as may be necessary to effectuate the execution of the Lease Agreement including any payment workout agreement for any sums due the City from TWA.

 

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Approved as to form and legality:

 

 

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Assistant City Attorney