Loading...
06-10320 • Affidavit of Publication Following is a true and correct copy of Ordinance No.06-10320 ject to the provisions, cove- WHEREAS,the governing nants and agreements set together with proof of publication of the same. body of the City hereby finds forth in a resolution herein- and determines it is neces- after adopted by the dovem- sary for the City to authorize ing body of the City. the issuance and delivery of Section 4. Levy and Col- AFFIDAVIT its general obligation bonds )action of Annual Tax. The in the principal amount of governing body of the City $2,200,000 to pay the costs shall annually make provi- of the Improvements; sion for the payment of prin- I Nicole Veatch being NOW, THEREFORE, BE cipal of,premium,if any,and IT ORDAINED BY THE interest on the Bohds as the GOVERNING BODY OF I same become due,taking in- THE CITY OF SALINA, to account any scheduled duly sworn,declare that I am the Classified KANSAS,AS FOLLOWS: mandatory redemptions, by Section 1. Definitions of levying and colt@cting the Words and Terms. necessary taxes upon all of Coordinator of THE SALINA JOURNAL,a daily news- "Act" means the Constitu- the taxable tangible property tion and all applicable stat- within the City in the manner utes of the State including provided by law. paper published at Salina,Saline County,Kansas,and but not limited to K.S.A. 10- The taxes referred to 101 et seq. and K.S.A. 12- above shall be spread upon 685 et seq.,all as amended the tax rolls and shall be lev- of eneral circulation in said county,which newspaper and supplemented. ied and collected at the g Y "Authorized Cost" means same time and i the same the amount of expenditure manner as the eneral ad has been continuously and uninterruptedly published for an Improvement which valorerp taxes of he City are Y P Y P has been authorized to be levied and coil ed,and the paid by the City by a resolu- proceeds derive from the for five consecutive years prior to first publication of at- tion or ordinance of the City, taxes shall be eposited in less (1) the amount of any the Bond and Int rest Fund. notes or bonds of the City If at any time t e taxes are which are currently outstand- not collected in,Rime to pay tacked notice,and that the attached ing d e k st Authorized anavailabl Cost,and to pay(2)any the the the Bonds principal wheof oy interedue, the on Authorized Costs which have Treasurer is hereby author- Ordinance No.06-10320 been previously paid by the ized and directed to pay the City or by any eligible source principal or interest out of the of funds unless such general funds of'the City and has been correctly published in said newspaper 1 amounts are entitled to be 1 I to reimburse the general reimbursed under State and funds for money so expend- federal law. I ed when the taxes are col- times, the first publication given in "Bond and Interest Fund" le tection 5. Tax Cove- Fund the Bond and Interest Fund of the City for its gener- nants. The City covenants the issue of March 24 2006. al obligation bonds. and agrees that it will not Bonds"means the Goner- take any action, or fail to 4 al Obligation Internal Im- take any action if any such provement Bonds, Series action or failur to take ac- j ,r Li 4 1`' � ;'� 2006-A authorized by this tion would ad ersely affect Ordinance in the aggregate the exclusion the interest principal amount of I on the Bonds f om gross in- Subscribed $2,200,000 and dated March come for feder I income tax Subscribed and sworn to before me,this $2,2006. purposes. The City cove- "City" means the City of I nants and agrees that it will Salina,Kansas. use the proceeds of the 7 Ci Clerk"means the ap- Bonds as sour as practica- ble of / A.D.2006 pointed and acting City Clerk ble and with all reasonable 4 or, in the City Clerk's dispatch for the purpose for C/� �h Bence, the appointed an or which the Bonds are issued C/L �"' elected Deputy or Acting City as previously set forth, and Clerk of the City. that it will not directly or indi- Nota Public "Code"means the Internal rectly use or permit the use Revenue Code of 1986, as of any proceeds of the amended,and the applicable Bonds or any bther funds of regulations proposed or pro- the City, or take or omit to mulgated thereunder of the take any action that would United States Department of cause the Bonds to be"arbi- the Treasury. trage bonds within the "Improvements"means the meaning of Se�tion 148(a)of improvements referred to in the Code. To'that end, the NOTARY�� Statist kilos the preamble to this Ordi- City will com ily with all re- nance. quirements of ection 148 of JO' WENDYCyRO � "Mayor"means the elected the Code to t e extent appli- and acting Mayor of the City cable to the B nds. My Appt.Exp. c or, in the Mayor's absence, The City ovenants and the appointed and/or elected agrees that it ill not use any Vice or Acting Mayor of the portion of th proceeds of City. the Bonds, in luding any in- "Ordinance" means this vestment inc me earned on such proceed ,directly or in- directly, in manner that suance in- Ordinance helBonds. the is- would cause any Bond to be suanc of the Bonds. "State"means the state of a"private acti ity bond"with- Kansas. in the meaning of Section "Treasurer"means the ap- 141(a)of the Code. pointed and acting Treasurer Section 6.Further Authori- WHEREAS, pursuant to of the City or,in the Treasur- ty The Mayor, City Clerk (Published In The Salina pp and other City officials are Journal March 24,2006) K.S.A. 10-101 et seq., and pr's absence, the appointed authorized and directed to ORDINANCE NO.06-10320 K.S.A. 12-685 et seq., as and/or elected Deputy or execute such documents AN ORDINANCE AU- amended and supplement- Acting Treasurer of the City. and take such actions as THORIZING THE ISSU- ed, and all other applicable Section 2.Authorization of they may deem necessary or ANCE AND DELIVERY OF provisions of the laws of the and Security for the Bonds. advisable in order to carry $2,200,000 PRINCIPAL state of Kansas,the govern- These Bonds shall be issued out the purposes of this Ordi- AMOUNT OF GENERAL ing body of the City has for the purpose of providing caused the following im- funds to pay the Authorized nance. OBLIGATION INTERNAL Section 7. Governing IMPROVEMENT BONDS,I provements to be undertak- Costs of the Improvements. Law.The Ordinance and the SERIES 2006-A, OF THE en in the City(such improve- The Bonds shall be gener- Bonds shall Izie governed by CITY OF SALINA, KAN- ments to be referred to as 'al obligations of the City pay- and construed in accordance SAS, FOR THE PURPOSE the"Improvements"): able as to both principal and with the applicable laws of OF PAYING THE COST OR a.North Ohio Grade Sepa- interest from ad valorem tax- Q A PORTION OF THE COST ration es which may be levied with- the State. OF CERTAIN IMPROVE- WHEREAS, all legal re- out limitation as to rate or Section 8, Effective Date. MENTS; PROVIDING FOR quirements pertaining to the amount upon all the taxable This Ordinance shall take ef- THE LEVY AND COLLEC- Improvements have been tangible property, real and fect and be n full force from TION OF AN ANNUAL TAX' complied with, and the gov- personal,within the territorial and after its passage by the FOR THE PURPOSE OF erning body of the City now limits of the City. The full governing dy of the City PAYING THE PRINCIPAL finds and determines that the faith,credit and resources of and pubkca on in the official OF AND INTEREST ON total cost of the Improve- the City are hereby irrevoca- City newsp er. THE BONDS AS THEY BE- ments is at least$2,200,000, bly pledged for the prompt PASSED y the governing COME DUE; AND MAKING to be paid by the issuance of payment of the principal of body of the City on March CERTAIN COVENANTS general obligation bonds; and interest on the Bonds as 20,2006. WITH RESPECT THERETO. I and the same become due. WHEREAS, the City of WHEREAS,the governing Section 3. Terms. Details Introduced:Feb.6,2006 Salina,Kansas(the"City")is body of the City is authorized and Conditions of the Bonds. Passed;March 20,2006 a City of the first class,creat- by law to issue general obli- The Bonds shall be dated ed, organized and existing gation bonds of the City to and bear interest, shall ma- Deborah Divine,Mayor ! under the laws of the State; pay the costs of the Improve- ture and be payable at such and ments:and times,shall be in such forms, (SEAL) shall be subject to redemp- tion and payment prior to the ATTEST: maturity thereof,and shall be Lieu Ann Elsey issued and delivered in the City Clerk (1t) manner prescribed and sub- ' Affidavit of Publication shall be subject to redemp- tion and payment prior to the maturity thereof,and shall be issued and delivered in the Following is a true and correct copy of Ordinance No.06-10320 manner prescribed and sub- ject to the provisions, cove- nants and agreements set together with proof of publication of the same. WHEREAS,the governing forth in a resolution herein- WHEREAS, after adop ed by the govern- body of the City hereby finds ing body. the City. and determines it is neces- - i•n .. Lev .nd ol- sary the for the City to authorize lection of Annu-I Ta . The its issuance and delivery s governing body of the City its general obligation bonds shall ann ally make provi- in the principal amount of sion for the payment of prin- $2,200,000 to pay the costs cipal of,premium,if any,and I, Nicole Veatch ,being of the Improvements; 1 interest on the Bonds as the NOW, THEREFORE, BE same beco¢me due,taking in- IT ORDAINED BY THE to account any scheduled duly sworn,declare that I am the Classified GOVERNING BODY OF mandatory redemptions, by y THE• CITY OF SALINA, levying and collecting the KANSAS,AS FOLLOWS: necessary taxes upon all of Coordinator of THE SALINA JOURNAL,a daily news- Section 1, Definitions of the taxable tangible property 1 Words and Terms. within the City in the manner "Act" means the Constitu- tion provided l y law. a er published at Salina Saline County, and and all applicable ttincluding ding The tall b referred to p p p ty.Kansas, utes of the State including above sh II be spread upon but not limited to K.S.A. 10- the tax ro Is and shall be lev- ied and collected at the of general circulation in said county,which newspaper 685 et seq., all as amended same time and in the same and supplemented. . manner as the general ad "Authorized Cost" means valorem taxes of the City are has been continuously and uninterruptedly published the amount of expenditure levied and collected,and the for an Improvement which proceeds derived from the has been authorized to be taxes shall be deposited in for five consecutive years prior to first publication of at- paid by the City by a resolu- the Bond and Interest Fund. tion or ordinance of the City, If at and time the taxes are less (1) the amount of any not colle ted in time to pay tacked notice,and that the attached notes or bonds of the City the princi al of or interest on which are currently outstand- the Bons when due, the ing and available to pay the Treasure is hereby author- Ordinance No.06-10320 Authorized Cost,and(2)any ized and directed to pay the Authorized Costs which have principal r interest out of the been previously paid by the general finds of the City and, has been correctly published in said 1 City or by any eligible source to rein urse the general i y P newspaper er P P of funds unless such funds for money so expend- amounts are entitled to be ed when the taxes are col- reimbursed under State and 1 lected. times, the first publication given in federal law. e I. T.x Cove- "Bond and Interest Fund"1 nants. e City covenants means the Bond and Interest and agr:ss that it will not the issue of March 24 2006. Fund of the City for its gener- take an action, or fail to \...),l'' al obligation bonds. take any action, if any such "Bonds"means the Gener- action o failure to take ac- O al Obligation Internal Im- tion wo Id adversely affect pbli a Bonds, Series; the excl sion of the interest 2006-A authorized by this 1 on the =•nds from gross in- 'Ordinance in the aggregate come fo federal income tax Cf-.//) principal amount of purpose. The City cove- Subscribed and sworn to before me,this $2,200,000 and dated March nants a d agrees that it will 15,2006. use the proceeds of the p;�/,t!` �, k means the City of Bonds soon as practica- day of 1 A.D.2006 Salina,Kansas. ble and with all reasonable n "City Clerk"means the ap- dispatch for the purpose for ( pointed and acting City Clerk which t • Bonds are issued or, in the City Clerk's ab- as previously set forth, and U Bence, the appointed and/or that it w I not directly or indi- elected Deputy or Acting City rectly use or permit the use Notary Public Clerk of the City. of any', proceeds of the "Code"means the Internal 1 Bonds r any other funds of Revenue Code of 1986, as the City or take or omit to amended,and the applicable take an action that would regulations proposed or pro- cause t the Bonds to be"arbi-, ' mulgated thereunder of the trage onds" within the United States Department of meanin of Section 148(a)of 0141161110 POINA•all the Treasury. C e. To that end, the Ci il "Improvements"means the City wil comply with all re- WINDY MOON( improvements referred to in quirem is of Section 148 of ill APit am- z Z the preamble to this Ordi- the Co to the extent appli- a nance. cable to the Bonds. "Mayor"means the elected The City covenants and and acting Mayor of the City agrees hat it will not use any or, in the Mayor's absence, portion of the proceeds of the appointed and/or elected the Bo ds, including any in- Vice or Acting Mayor of the vestme t income eamed on City. such pr. eeds,directly or in- "Ordinance" means this directly, in a manner that would ••use any Bond to be 1 Ordinance authorizing the is- a"priv•e activity bond"with- suance of the Bonds. in the meaning of Section "State"means the state of 141(a)"f the Code. Kansas. Secti.n 6.Further A hori- "Treasurer"means the ap- I The Mayor, City Clerk pointed and acting Treasurer and other City officials are of the City or,in the Treasur- authorized and directed to (Published In The Salina I WHEREAS, pursuant to er's absence, the appointed execute such. documents Journal March 24,2006) K.S.A. 10-101 et seq., and and/or elected Deputy or and take such actions as seq., Acting Treasurer of the City. they may deem necessary or ORDINANCE NO.06-10320 K.S.A. 12-685 et seq., as AN ORDINANCE AU- amended and supplement- Section 2.Authorization of out ise purposes p es order this carry PP and Security for the Bonds. out thepurposes of this Ordi- THORIZING THE ISSU- ed, and all other applicable These Bonds shall be issued nance. ANCE AND DELIVERY OF provisions of the laws of the $2,200,000 PRINCIPAL state of Kansas,the govern- for the purpose of providing Sect�on 7. Governing pay Law.T e Ordinance and the funds to a the Authorized AMOUNT OF GENERAL ing body of the City has Bonds shall be governed by INTERNAL caused the following im- Costs of the Improvements. y 9 and co strued in accordance IMPROVEMENT BONDS, provements to be undertak- The Bonds shall be gener- al obligations of the City pay- with t e applicable laws of SERIES 2006-A, OF THE en in the City(such improve- e CITY OF SALINA, KAN- meats to be referred to as able st to both principal and the State,' ', SAS, FOR THE PURPOSE the"Improvements"): interest from ad valorem tax-I Section 8. E ctive Date. OF PAYING THE COST OR a.North Ohio Grade Sepa-, es which may be levied with- This Ordinance shall take ef- A PORTION OF THE COST ration out limitation as to rate or fact and be in full force from all the taxable OF CERTAIN IMPROVE- WHEREAS, all legal re- amount upon and nin its passage by the tangible property, real and ovennin body of the City MENTS; PROVIDING FOR quirements pertaining to the g Ii y. THE LEVY AND COLLEC- Improvements have been personal,within the territorial and()ublication in the official TION OF AN ANNUAL TAX complied with, and the gov- limits of the City. The full City rjewspaper. FOR THE PURPOSE OF erning body of the City now faith,credit and resources of PASSED by the governing PAYING THE PRINCIPAL finds and determines that the the City are hereby irrevoca- body of the City on March OF AND INTEREST ON total cost of the Improve- bly pledged for the prompt 20,2006. THE BONDS AS THEY BE- ments is at least$2,200,000, payment of the principal of COME DUE;AND MAKING to be paid by the issuance of and interest on the Bonds as Introduced:Feb.6,2006 CERTAIN COVENANTS general obligation bonds; the same become due. Passed:March 20,2006 WITH RESPECT THERETO. and Section 3. Terms, Details WHEREAS, the City of WHEREAS,the governing and Conditions of the Bonds. Deborah Divine,Mayor Salina,Kansas(the"City")is body of the City is authorized The Bonds shall be dated bear interest, shall ma- (SEAL) a City of the first class,crest- by law to issue general obli- � ed, organized and existing gation bonds of the City to ture and be payable at such under the laws of the State; pay the costs of the Improve- times,shall be in such forms, ATTEST: and ments;and Lieu Ann Elsey City Clerk (1t)