COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 180446

Authorizing the execution of Amendment No. 3 for the Tenant Reimbursement Agreement with Southwest Airlines; estimating revenues in the amount of $3,700,000.00 in the 2018 Airport Terminal Bond Fund; appropriating $3,700,000.00 in the 2018 Airport Terminal Bond Fund; authorizing the Director of Aviation to expend an amount not to exceed $3,700,000.00 from funds previously appropriated; and declaring the City’s intent to reimburse itself from bond proceeds.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of Aviation is hereby authorized to execute the Third Amendment to Tenant Reimbursement Agreement with Southwest Airlines in an amount not to exceed $5,236,500.00 for a term to expire April 30, 2022. A copy of the amendment is on file in the Office of the City Clerk.

Section 2. That revenue in the amount of $3,700,000.00 is estimated in the 2018 Airport Terminal Bond Fund to the following account:

AL-8560-120000-590000 Bond Proceeds $3,700,000.00

Section 3. That the sum of $3,700,000.00 is hereby appropriated from the Unappropriated Fund Balance of the 2018 Airport Terminal Bond Fund to the following account:

AL-8560-627270-611060-62150444 Terminal Finance

Planning $3,700,000.00

Section 4. That the Director of Aviation is hereby authorized to expend an amount not to exceed $3,700,000.00 for the term of the agreement from funds appropriated for work to be performed under the aforesaid contract to the following account in the Aviation Fund:

AL-8560-627270-611060-62150444 2018 Airport Terminal

Bond Fund $3,700,000.00

Section 5. That the City hereby declares its official intent to reimburse itself for certain expenditures made within sixty (60) days prior to or on and after the date of this ordinance with respect to the appropriations (“Appropriations”) in Section 3 with the proceeds of bonds expected to be issued by the City. The maximum principal of amount of bond (“Bonds”) proceeds for the Appropriations expected to be financed under the Bonds is $ 3,700,000.00. This constitutes a declaration of official intent under Treasury Regulation Section 1.150-2.

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.

Randall J. Landes

Director of Finance

Approved as to form and legality:

Galen Beaufort

Senior Associate City Attorney

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