8.1 Issue IRBCITY OF SALINA
REQUEST FOR COMMISSION ACT ION DATE TIME
3/3/1981 *:uu r. ,-,.
AGENDA SEOTION: Administration ORIGINATING DEPARTMENT: APPROVED FOR
AGENDA:
NO. 8 City Clerk ,
ITEM
NO. 1
BY: D. L. Harrison BY:
Second Reading Ordinance Number 86-9122 - An ordinance authorizing the City
of Salina, Kansas to purchase, construct, improve and equip an addition to an
existing manufacturing facility located and to be located on certain real
property owned by the City and to be leased to School Specialty Supply, Inc.,
a Kansas Corporation for industrial purposes; authorizing and directing the
issuance of $1,250,000 principal amount of Industrial Revenue Bonds Series A
1986 of said city for the purpose of providing funds to pay the cost of
purchasing, constructing, improving and equipping certain buildings,
improvements and equipment to be leased to School Specialty Supply, Inc. for
commercial purposes; prescribing the form and authorizing the execution of a
supplemental lease by and between said City and School Specialty Supply,
Inc.; and prescribing the form and requiring the execution of a separate
guaranty agreement by School Specialty Supply, Inc. and the National Bank of
America at Salina as trustee.
This ordinance was introduced for first reading on February 24, 1986.
COMMISSION ACTION
MOTION BY SECOND BY
TO: