File #: 230187    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 2/3/2023 In control: Council
On agenda: 3/16/2023 Final action: 3/16/2023
Title: Sponsor: Director of General Services Department Authorizing the Director of General Services to execute a Second Amendment to Lease Agreement with ENGLEWOOD SC L.L.C., a Delaware limited liability company ("Lessee") for the purpose of a ground lease, monument, and pylon sign for the common benefit of tenants and owners of the adjoining shopping center known as Creekwood Commons, generally located at the Northeast corner of Englewood Road and North Oak Trafficway, Kansas City, Clay County, Missouri.
Sponsors: Director of General Services
Attachments: 1. 230187 Docket Memo, 2. 230187 CREO Nondiscrimination and Equal Opportunity Review Form 12.812023-signed, 3. Executed KCMO lease assignment 2022, 4. Creekwood Commons lease Docket Memo Templatev28 2032023, 5. Map for 140200, 6. Authenticated, 7. Creekwood ordinance 2023_law edits, 8. Authenticated Ordinance 230187
ORDINANCE NO. 230187

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Sponsor: Director of General Services Department

Authorizing the Director of General Services to execute a Second Amendment to Lease Agreement with ENGLEWOOD SC L.L.C., a Delaware limited liability company ("Lessee") for the purpose of a ground lease, monument, and pylon sign for the common benefit of tenants and owners of the adjoining shopping center known as Creekwood Commons, generally located at the Northeast corner of Englewood Road and North Oak Trafficway, Kansas City, Clay County, Missouri.
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WHEREAS, the City owns rights in certain real property that includes the leasehold premises identified as Creekwood Commons, generally located at the Northeast corner of Englewood Road and North Oak Trafficway, Kansas City, Clay County, Missouri ("Premises"); and

WHEREAS, the City entered into that certain Lease with North Oak Retail Partnership, a Colorado general partnership ("North Oak") effective March 30, 1988; and

WHEREAS, North Oak assigned its interest in the ground lease to Creekwood Commons, LLC in May of 2007; and

WHEREAS, Big Creekwood Commons, LLC, a Delaware limited liability company, assigned the Lease to Lessee in January of 2023; and

WHEREAS, the City and Lessee desire to extend the term of the Ground Lease and amend the terms as more specifically set forth herein; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of General Services Department is authorized to extend the term of the ground lease agreement with Englewood SC L.L.C., a Delaware limited liability company for the purpose of a ground lease, monument, and pylon sign for the common benefit of tenants and owners of the adjoining shopping center known as Creekwood Commons, for a period of thirty-nine years renewal beginning January 12, 2023 and ending January 31, 2062. A copy of the lease agreement is on file in the General Services Department.
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