5.1 Special Assessments Public HearingCITY OF SALINA
REQUEST FOR CITY COMMISSION ACTION DATE TIME
02/22/10 4:00 P.M.
AGENDA SECTION ORIGINATING DEPARTMENT: APPROVED FOR
NO: 5 AGENDA:
DEPARTMENT OF
PUBLIC WORKS
ITEM
NO. 1
BY:
Page 1
BY: Daniel R. Stack
ITEM: Ordinance No. 10-10531
a) Conduct public hearing on the 2009 Special Assessment Projects.
b) Second reading Ordinance No. 10-10531 levying special assessments for improvements.
BACKGROUND:
On January 25, 2010, the City Commission received a final breakdown of costs for the 2009 Special
Assessment Projects. Following a review of the projects, the Cit y Commission scheduled a public
hearing for February 22, 2010 and instructed the City Clerk to publish a notice of the public hearing to
property owners within the benefit districts. A summary of finances for the 2009 public improvement
projects is shown below:
Project Property Owners Share City Share Total Cost
Stone Creek Addition $ 354,159.09 $ 0.00 $ 354,159.09
Project No. 08-2714
Scoular Addition $ 52,554.70 $ 0.00 $ 52,554.70
Project No. 09-2764
TOTALS$ 406,713.79 $ 0.00 $ 406,713.79
The public hearing is intended to receive input from interested parties and particularly property owners
within the special assessment benefit district. The primary issue at this point in the process is not
whether the special assessments s hould be levied against the properties, but rather that the final
costs have been properly calculated and distributed. A calendar of events is attached with a summary
of City Commission action item dates as follows:
February 22, 2010
Assessment hearing and second reading of ordinance
March 22, 2010
Resolution approving preliminary official statement and authorizing sale
of bonds with first reading of bond ordinance
April 19, 2010
Bond sale date and second reading of bond ordinance
FISCAL NOTE:
This action sets the foundation for the final determination of assessments after the public hearing. The
assessments so determined will play a significant role in retirement of the associated debt over the
next 15 years.
COMFORMANCE WITH STRATEGIC PLAN:
Goal 3: The City will provide the highest quality of services, consistent with governing body direction,
available resources and staff commitment to quality.
RECOMMENDATION:
Conduct public hearing on the 2009 Special Assess ment Projects and approve on second reading
Ordinance No. 10-10531.
Attachments: Calendar of events
CITY OF SALINA, KANSAS
GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS
SERIES 2010-A
and
GENERAL OBLIGATION TEMPORARY NOTES
SERIES 2010-1
REVISED CALENDAR OF EVENTS
FEB 22 Assessment Hearing Date
Second Reading of Assessment Ordinance and Pass
23 Distribute Final Assessment Statements
FEBRUARY
Assessment Ordinance Forwarded to Local Paper
S M T W T F S
25 Publish Assessment Ordinance
1 2 3 4 5 6
Begin Prepayment Period
Preliminary Official Statement Distributed for Comments
7 8 9 10 11 12 13
Draft Bond/Note Documents Distributed for Comment
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28
MAR
12 Comments Due on Preliminary Official Statement
Preliminary Official Statement Forwarded to City for Approval
Comments Due on Draft Bond/Note Documents
Resolution Approving Preliminary Official Statement and
MARCH
Authorizing Sale of Bonds/Notes Forwarded to City
S M T W T F S
15 Submit Rating Information to Moody’s Investors Service
22 City Passes Resolution Approving Preliminary Official
1 2 3 4 5 6
Statement and Authorizing Sale of Bonds/Notes*
7 8 9 10 11 12 13
First Reading of Bond Ordinance
14 15 16 17 18 19 20
29 Prepayment Period Expires
21 22 23 24 25 26 27
30 Finalize Bond/Note Issue Size
28 29 30 31
APR
1 Notice of Sale Sent to Local Paper and to Kansas Register
8 Notice of Sale Published in Kansas Register and Local Paper
APRIL
12 Preliminary Official Statement Distributed to Bidders
14 Receive Bond/Note Ratings
S M T W T F S
19 Bond/Note Sale Date
1 2 3
Second Reading of Bond Ordinance
4 5 6 7 8 9 10
Pass Bond and Note Resolutions
11 12 13 14 15 16 17
20 Bond Ordinance Forwarded to Local Paper
Transcript Assembly Begins
18 19 20 21 22 23 24
22 Final Official Statement to Printer
25 26 27 28 29 30
23 Receive Final Official Statement from Printer
Final Official Statement to Purchasers
Bond Ordinance Published in Local Paper
26 Registration Instructions to State Treasurer
MAY
Bond/Note Printing Complete - Forward to State Treasurer
S M T W T F S
Transcript Assembly Complete
1
Transcript Forwarded to Attorney General
28 Closing Memorandum Distributed
2 3 4 5 6 7 8
30 Transcript Approved
9 10 11 12 13 14 15
Bond/Note Registration Complete - Forward to DTC
16 17 18 19 20 21 22
23 24 25 26 27 28 29
MAY
5 Closing and Delivery of Funds
30 31
February 1, 2010
Note: Bold items indicate actions of City Commission
*Principal amount will be marked “subject to change” pending final assessment
prepayment amount