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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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