Title
AN ORDINANCE AUTHORIZING THE EXECUTION OF AN REAL ESTATE CONTRACT AGREEMENT BY AND BETWEEN THE CITY OF LEE'S SUMMIT, MISSOURI, AND DE JARNETTE ENTERPRISES, INC., GRANTING THE PURCHASE OF A BUILDING, FIXTURES AND OTHER PERMANENT IMPROVEMENTS AND PERSONAL PROPERTY LOCATED AT 2525 NE DOUGLAS IN THE AMOUNT OF $1,500,000 FOR THE PURPOSE OF OPERATING AN AERONAUTICAL SERVICES CENTER ENGAGED IN THE STORAGE OF AIRCRAFT, ELECTRONIC TESTING SITE, AND RENTAL SPACE FOR OFFICES AND AVIATION OPERATIONS. (BOAC 10-31-16)
Body
Issue/Request:
Purchase the Air Charter facility which is under receivership of the Stanley Bank .
Key Issues:
? The Air Charter facility is under receivership of Stanley Bank.
? On September 2, 2016, City staff received an offer letter to purchase the Air Charter facility for $1.5M.
? The facility would create a strong opportunity to improve the long-term viability of the Lee's Summit Municipal Airport (LXT).
? Allows the airport to operate a facility capable enough to accommodate up to 10-13 additional based customers, and provide space for overnight transient corporate aircraft.
? With runway improvements the demand for hangar storage facilities for aircraft larger than facilities available will be needed.
? The facility is capable of action as a segue for uninterruped service during runway and taxiway improvements.
? The facility could delay the immediate need for the design and construction of a new terminal building on the East side of the Airport.
...Proposed City Council Motion:
FIRST MOTION: I move for a second reading of AN ORDINANCE AUTHORIZING THE EXECUTION OF AN REAL ESTATE CONTRACT AGREEMENT BY AND BETWEEN THE CITY OF LEE'S SUMMIT, MISSOURI, AND DE JARNETTE ENTERPRISES, INC., GRANTING THE PURCHASE OF A BUILDING, FIXTURES AND OTHER PERMANENT IMPROVEMENTS AND PERSONAL PROPERTY LOCATED AT 2525 NE ...
Click here for full text