Common Contracts

Term Sheet for New Signatory Airline Use and Lease Agreement (“Term Sheet”) Kansas City International Airport

March 1st, 2019

• Filed
  March 1st, 2019

Project Terminal Modernization Program at Kansas City International Airport(“TMP” or “Program”). Developer and Design/Build Contractor Edgemoor Infrastructure and Real Estate as Developer (“Developer”). Lessor City of Kansas City (“City”). Term The Date of Beneficial Occupancy (“DBO”) through April 30, 2028. Development Agreement The agreement signed by City and Developer providing for the TMP implementation procedures and the business terms behind the scope, budget, timeline, and methodology to achieve a defined guaranteed maximum project cost. Program Scope The TMP will provide a new terminal on the existing Terminal A site with associated airside and landside improvements, including a new parking garage. Program scope is summarized in Attachment A. Total Program Costs The total cost of the Program consists of those costs associated with the Developer, Airline Consortium and City. The Program budget is summarized in Attachment B. The cost to complete the TMP will not exceed $1.5 bill