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File #: 210732    Version: 1 Name:
Type: Ordinance Status: Agenda Ready
File created: 8/19/2021 In control: Transportation, Infrastructure and Operations Committee
On agenda: 9/15/2021 Final action:
Title: Authorizing the City Manager to execute a First Amendment to Cooperative Agreement for Purchase and Use of Real Property; and authorizing the City Manager to enter into a City Parking Cooperation Agreement with the Kansas City Area Transportation Authority.
Attachments: 1. No Fact Sheet 210732
ORDINANCE NO. 210732


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Authorizing the City Manager to execute a First Amendment to Cooperative Agreement for Purchase and Use of Real Property; and authorizing the City Manager to enter into a City Parking Cooperation Agreement with the Kansas City Area Transportation Authority.

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WHEREAS, the City, KCATA and Port Authority of Kansas City, Missouri ("Port KC") entered into a Cooperative Agreement for Purchase and Development of Real Property ("Purchase Agreement") dated April 5, 1999, pursuant to which each contributed to the purchase of certain property located generally at 3rd and Grand Boulevard and the KCATA was to purchase and own the Property and enter into a separate lease with the City for the use of the Property; and

WHEREAS, the parties to the Purchase Agreement wish to amend the Purchase Agreement to provide for its termination in order to facilitate transportation oriented development at the Property; and

WHEREAS, the Kansas City Transportation Authority ("KCATA") and the City did enter into a certain Parking Agreement dated September 20, 1999 (the "Parking Lease"), pursuant to which the KCATA leases the "Property" to the City; and

WHEREAS, KCATA is party to that certain Development Agreement between KCATA, Ride KC, and 3G Development, LLC dated as of December 3, 2020 pursuant to which 3G Development, LLC will develop a mixed-use development adjacent to the City Market and including the Property; and

WHEREAS, the City and KCATA desire to encourage transit-oriented development, multi-modal transportation, and the repopulation of the River Market area ("Transportation Oriented Development"); and

WHEREAS, the construction of Transportation Oriented Development on the Property will require termination of the Parking Lease; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the City Manager is hereby authorized to execute ...

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