ORDINANCE NO. 041062

Authorizing the expenditure of previously appropriated funds in the amount of $199,220.00 to The Kansas City Landman, LLC d/b/a Budget Rent A Car 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 pay The Kansas City Landman, LLC, d/b/a Budget Rent A Car a one-time lump sum payment of $199,220.00 as buy-out for the remaining unamortized value of Budget Rent A Cars leasehold interest on the property located at 901 Tel Aviv Avenue.

Section 2. That the Director of Aviation is hereby authorized to execute the buy-out agreement and to expend the sum of $199,220.00 previously appropriated to the Kansas City Aviation Department from Account No. 05-8300-621040-B. A copy of the agreement is on file in the office of the City Clerk.

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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.

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Wanda Gunter

Acting Director of Finance

Approved as to form and legality:

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Dorothy L. Campbell

Assistant City Attorney