Title
Third amendment to the contract for fire protection between Sedgwick County Fire District No. 1 and Cessna Aircraft Company.
Body
Recommended Action: Approve the third amendment to the contract for fire protection.
Sedgwick County Fire District No. 1 and Cessna Aircraft Company have previously entered into a Contract for Fire Protection, dated December 19, 2007, relating to payments to be made by Cessna to the Fire District for property located within the unincorporated area of Sedgwick County that has been exempted from ad valorem property taxation by virtue of previously issued Industrial Revenue Bonds. The Contract includes Exhibit A, which identifies the parcels of property for which Cessna agrees to pay an annual service fee to replace exempted Fire District property taxes. As new improvements are financed with IRBs and exempted from property taxes, or as existing property tax exemptions expire, Exhibit A is modified to reflect the changes. The modifications require formal approval of the BOCC acting as governing body of the Fire District, which is given by adoption of amendments to the Contract for Fire Protection. The Contract has previously been amended by an Amendment No. 1 dated January 19, 2011, and a Second Amendment dated February 29, 2012. Cessna has advised that Tract D listed on Exhibit A to the Contract has been sold and thus needs to be removed from coverage by the Contract. The proposed Third Amendment to Contract for Fire Protection removes Tract D from the legal description of properties contained in Exhibit A.
Financial Considerations: This action will have no effect on the finances of the Fire District. Property taxes will be paid by the new owner of the property.
Policy Considerations: N/A
Outside Attendees: N/A
Multimedia Presentation: N/A