Title
AN ORDINANCE APPROVING A SPACE LEASE AND PUBLIC SERVICE AGREEMENT TERMINATION BY AND BETWEEN CERNER PROPERTIES, INC, THE LEE’S SUMMIT R-VII SCHOOL DISTRICT, AND THE CITY OF LEE’S SUMMIT, MISSOURI.
(NOTE: First reading done on August 10, 2017.)
Body
Issue/Request:
AN ORDINANCE APPROVING A SPACE LEASE AND PUBLIC SERVICE AGREEMENT TERMINATION BY AND BETWEEN CERNER PROPERTIES, INC, THE LEE’S SUMMIT R-VII SCHOOL DISTRICT, AND THE CITY OF LEE’S SUMMIT, MISSOURI.
Key Issues:
This ordinance will approve the termination of both the Summit Technology Center Lease (the “Lease”), as amended, between the City and Townsend Summit, LLC (“Townsend”) and the Summit Technology Center Public Service Agreement (the “PSA”), as amended, between the City and the Lee’s Summit R-VII School District (the “School District”).
The termination provides that the City and the School District agree to vacate the area leased within the North Building and that the Lease, as amended, and the PSA, as amended, are of no further force and effect, except that the provisions governing the payment of rent and other expenses will survive for the purpose of making final accountings and payments.
Proposed City Council Motion:
MOTION: AN ORDINANCE APPROVING A SPACE LEASE AND PUBLIC SERVICE AGREEMENT TERMINATION BY AND BETWEEN CERNER PROPERTIES, INC, THE LEE’S SUMMIT R-VII SCHOOL DISTRICT, AND THE CITY OF LEE’S SUMMIT, MISSOURI - I move for second reading.
Background:
On June 17, 1999, the City Council passed Ordinance No. 4801, which approved the Summit Technology Center Lease (the “Lease”) between the City of Lee’s Summit (the “City”) and Townsend Summit, LLC (“Townsend”). Pursuant to the Lease, Townsend leased to the City approximately 22,316 square feet of space within the property described on Exhibit A to the attached Space Lease and Public Service Agreement Termination (the “North Building”).
On June 17, 1999, the City Council passed Ordinance No. 4802, which approved the Summit Tech...
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