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Last Published: 2/13/2019 9:01:16 AM
KANSAS CITY COUNCIL RECORD
 
Upon Roll Call the following members were present:
Presided:1 - JOLIE JUSTUS
Present:5 - DAN FOWLER, TERESA LOAR, QUINTON LUCAS, JERMAINE REED, SYLVESTER JAMES, JR.
 

180862
Authorizing the City Manager to execute the KCI Airport Terminal Modernization Project Development Agreement, the Developer Pledge Agreement and the Community Benefits Agreement with Edgemoor Infrastructure and Real Estate II LLC; authorizing the Director of Aviation to execute a term sheet for a new Use and Lease Agreement with the Signatory Airlines; estimating new revenues in the amount of $48,820,000.00 in Fund No. 8560, 2018 Airport Terminal Bond Fund; appropriating that amount to the 2018 Airport Terminal Bond Fund account; declaring the City’s intent to reimburse itself for certain expenditures; and recognizing this ordinance as having an accelerated effective date. 


JOINT AIRPORT AND TRANSPORTATION & INFRASTRUCTURE recommends "HOLD ON AGENDA (2/14/2019)"
Steve Sisneros, Managing Director of Airport Affairs for Southwest Airlines, stated that they have come to an agreement between them and the other signatory airlines to set a budget of 1.5 billion dollars for the new Use and Lease Agreement with the signatory airlines. Southwest Airlines is the lead airline for the Airport Airline Affairs Committee (AAAC) in which Mr. Sisneros is the Chair. He stated this is the first step in moving these agreements along. Pat Klein, Director of Aviation, stated that 6 of the 8 airlines currently have this Use and Lease Agreement and should expect a signed contract from all no later than February 25th. This ordinance authorizes the City Manager to execute the KCI Airport Terminal Modernization Project Development Agreement, the Developer Pledge Agreement and the Community Benefits Agreement with Edgemoor Infrastructure and Real Estate II LLC. It also authorizes the Director of Aviation to execute a term sheet for a new Use and Lease Agreement with the Signatory Airlines; estimating new revenues in the amount of $48,820,000.00 in Fund No. 8560, 2018 Airport Terminal Bond Fund.

190026
Authorizing the issuance and incurrence of General Airport Revenue Bonds and Obligations; prescribing the terms, provisions and conditions for the issuance and incurrence of bonds and obligations of the City; authorizing certain actions and documents and prescribing other matters relating thereto; estimating and appropriating revenues in the amount of $10,000.00 in Fund No. 8560, the 2019 Airport Terminal Bond Fund; and recognizing an accelerated effective date.


AIRPORT COMMITTEE recommends "HOLD ON AGENDA (2/14/2019)"
Councilwoman Justus has decided to hold this item until February 14th. This ordinance authorizes the issuance and incurrence of General Airport Revenue Bonds and Obligations. It will prescribe the terms, provisions and conditions for the issuance and incurrence of bonds and obligations of the City, authorize certain actions and documents and prescribe other matters relating thereto. This will estimate and appropriate revenues in the amount of $10,000.00 in Fund No. 8560, the 2019 Airport Terminal Bond Fund.

190027
Authorizing and directing the incurrence of a Senior Appropriation Obligation in the principal amount not to exceed $2,000,000,000.00 in order to evidence the agreement of the City of Kansas City, Missouri (the “City”) to make certain debt service and additional payments to The Industrial Development Authority of the City of Kansas City, Missouri (the “Authority”) in connection with the Authority’s issuance of bonds the proceeds of which will be made available to the City to finance a portion of the costs of the construction of a new passenger terminal at Kansas City International Airport and related purposes as set forth herein; authorizing certain actions and documents and prescribing other matters relating thereto; estimating and appropriating revenues in the amount of $10,000.00 in Fund No. 8560, the 2019 Airport Terminal Bond Fund; and recognizing an accelerated effective date.


AIRPORT COMMITTEE recommends "HOLD ON AGENDA (2/14/2019)"
Councilwoman Justus has decided to hold this item until February 14th. This ordinance authorizes and directs the incurrence of a Senior Appropriation Obligation in the principal amount not to exceed $2,000,000,000.00. In order to evidence the agreement of the City of Kansas City, Missouri (the “City”) to make certain debt service and additional payments to The Industrial Development Authority of the City of Kansas City, Missouri (the “Authority”) in connection with the Authority’s issuance of bonds the proceeds of which will be made available to the City to finance a portion of the costs of the construction of a new passenger terminal at Kansas City International Airport appropriating revenues in the amount of $10,000.00 in Fund No. 8560, the 2019 Airport Terminal Bond Fund.

190028
Approving the issuance of Airport Special Obligation Bonds (Kansas City International Airport Terminal Modernization Project) Series 2019 by The Industrial Development Authority of the City of Kansas City, Missouri in one or more series in an aggregate principal amount not to exceed $2,000,000,000.00 to finance, among other things, the Kansas City International Airport Terminal Modernization Project; approving and authorizing certain documents and actions in connection with the issuance of such bonds; renaming fund and estimating and appropriating revenues in the amount of $10,000.00 in Fund No. 8560, the 2019 Airport Terminal Bond Fund; designating requisitioning authority; authorizing an interfund borrowing;; authorizing the Director of Finance to estimate and appropriate funds for borrowing and repayment of interfund borrowing; and recognizing an accelerated effective date.


AIRPORT COMMITTEE recommends "HOLD ON AGENDA (2/14/2019)"
Councilwoman Justus has decided to hold this item until February 14th. This ordinance approves the issuance of Airport Special Obligation Bonds (Kansas City International Airport Terminal Modernization Project) Series 2019 by The Industrial Development Authority of the City of Kansas City, Missouri in one or more series in an aggregate principal amount not to exceed $2,000,000,000.00. This will finance, the Kansas City International Airport Terminal Modernization Project, approving and authorizing certain documents and actions in connection with the issuance of such bonds. It will rename the fund, estimate and appropriate revenues in the amount of $10,000.00 in Fund No. 8560, the 2019 Airport Terminal Bond Fund. It authorizes an interfund borrowing and authorizes the Director of Finance to estimate and appropriate funds for borrowing and repayment of interfund borrowing.
 
 1. There may be general discussion regarding current Airport Committee issues
 
 2. Pursuant to the following subsections of Section 610.021 of the Revised Statutes (1) legal matters, litigation, or privileged communications with attorneys of Missouri, there may be a closed session to discuss: pursuant to subsection 1; (2) real estate, pursuant to subsection 2; (3) personnel, pursuant to subsection 3 and 13; and/or (4) sealed bids or proposals, pursuant to subsection 12.
 
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