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HomeMy Public PortalAboutORD10990 BILL NO. 87-183 ® SPONSORED BY COUNCILMAN WOODMAN ORDINANCE NO. /D 99d AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, AMENDING THE CODE OF THE CITY OF JEFFERSON BY AMENDING CHAPTER 29, ARTICLE IV, MUNICIPAL AIRPORT, SECTION 29-46 (c) AS IT RELATES TO HANGARS AND BUILDINGS. BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI AS FOLLOWS: Section 1. Section 29-46 (c) of the City Code is hereby deleted, and a new Section 29-46 (c) is inserted to read as follows: (c) The city shall reserve the right to buy any or all buildings erected on the airport, if the city needs the area for expansion, modification or improvement to the airport as reflected in a revised and City Council approved Airport Master Plan, or if the lessee defaults on the obligations under the lease on the following schedule: Depreciation of buildings and hangars at the rate of three (3) percent per annum for the time the building has been erected, based on the actual cost for the erection of the building, such cost to be substantiated by actual invoices covering labor and materials at the time the building or hangar was erected. The city, in the event it desires to buy a building, shall pay to the owner for the building the amount so determined under the above schedule for such building. In the event the city desires to purchase such building, it shall give to the lessee, in writing, notice of its intention to purchase such improvements six (6 ) months prior to the purchase thereof. If the city gives notice as aforesaid, of its intent to purchase such building, the lessee may elect to retain and remove such improvements from the airport at its own cost and at no cost to the city, and the lessee shall, at its own cost, restore the premises to their condition prior to placing of the improvements on the airport. Section 2. This Ordinance shall take effect and be in force from and after the date of its passage and approval. Passed /.S, /Sd'� Approved ✓� -�Ca�, /�� /r��' Cj residi fficer or ATTEST: City Clerk