KC Skyline

City Clerk Web Search

Search the Ordinances:

Legislation #: 061297 Introduction Date: 11/16/2006
Type: Ordinance Effective Date: none
Sponsor: COUNCILMEMBER FAIRFIELD
Title: Authorizing the Director of City Development to consent to the assignment of an existing lease agreement for City-owned property at the northeast corner of Englewood Road and N. Oak Trafficway by ORIX Kansas City, LLC, a Delaware limited liability company.

Legislation History
DateMinutesDescription
11/16/2006 Filed by the Clerk's office
11/16/2006 Referred to Planning, Zoning & Economic Development Committee
11/29/2006 Advance and Do Pass, Debate
11/30/2006 Passed

View Attachments
FileTypeSizeDescription
061297.pdf Authenticated 60K authenticated

Printer Friendly Version

ORDINANCE NO. 061297

 

Authorizing the Director of City Development to consent to the assignment of an existing lease agreement for City-owned property at the northeast corner of Englewood Road and N. Oak Trafficway by ORIX Kansas City, LLC, a Delaware limited liability company.

 

WHEREAS, the City and North Oak Retail Partnership, a Colorado general partnership, entered into a 30-year lease agreement dated March 30, 1988, for the property at the northeast corner of Englewood Road and N. Oak Trafficway; and

 

WHEREAS, J. A. Peterson Enterprises, Inc., a Missouri corporation, is the holder of the interest of North Oak Retail Partnership under the Lease; and

 

WHEREAS, J. A. Peterson Enterprises, Inc., desires to assign its interest in the Lease to ORIX Kansas City, LLC, a Delaware limited liability company, which desires to assume the terms, covenants, conditions and obligations under the Lease; and

 

WHEREAS, the City desires to consent to the assignment and assumption of the Lease; NOW, THEREFORE,

 

BE IT RESOLVED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the Director of City Development is authorized to execute a consent to the assignment of the Lease by J. A. Peterson Enterprises, Inc., to ORIX Kansas City, LLC.

 

_______________________________________________________

 

Approved as to form and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney