Department: Resource Management
Staff Contact: Mary Jaeger/Beth Wright/Amy Tharnish
Subject: Consideration of renewal of contract with Double T Enterprises, LLC for property lease for storage of traffic operations equipment.
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Item Description:
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Consideration of renewal of contract with Double T Enterprises, LLC for property lease for storage of traffic operations equipment.
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Summary:
On March 15, 2016, the City Council authorized the acquisition of approximately 4,296 streetlights from Kansas City Power and Light (KCPL). With this acquisition, the City has the responsibility of ownership and maintenance of approximately 11,500 streetlight poles and luminaries cumulatively.
On February 21, 2017 the City entered into a lease for property to store painted streetlight or traffic signal poles and other fixtures and equipment to maintain 11,500 street lights. Council approved of a three-year lease with Builder’s Stone & Masonry, Inc which expires on February 29, 2020.
As of March 1, 2019, the property for lease had been taken over by a new landlord, Double T Enterprises, LLC. Double T Enterprises, LLC has agreed to the terms and conditions of the existing lease agreement with Builder’s Stone & Masonry which includes an allowance for a one (1) year renewal.
Staff recommends a one (1) year renewal of contract with Double T Enterprises through February 28, 2021.
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Financial Impact:
The annual cost of the lease, including operating expenses, is $62,370. This will be funded by the traffic operations budget.
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Action Needed:
Renewal of contract with Double T Enterprises, LLC through February 28, 2021.
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Attachment(s):
None