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97-5211 Initiate ProceedingsRESOLUTION NUMBER 97-5211 conuueaieasaina A RESOLUTION INITIATING PROCEEDINGS BY THE GOVERNING BODY FOR IMPROVEMENT OF A PORTION OF SOUTH NINTH STREET IN THE CITY OF SALINA, KANSAS. WHEREAS, the Governing Body of the City of Salina, Kansas (the "City") has previously designated by ordinance South Ninth Street as a main traffic way pursuant to the provisions of K.S.A. 12-685 et se . (the "Act"); and WHEREAS, the Governing Body has determined that it is necessary to construct, improve or reimprove the Phase II portions of South Ninth Street as follows: Widening and reconstruction of South Ninth Street from a point south of its intersection with Otto Avenue through and including its intersection with Magnolia Avenue (said work being referred to as the "Project") at a total estimated cost of the Project being $2,917,000. WHEREAS, reports, estimates and plans have been compiled and furnished to the Governing Body of the City to provide them with sufficient information in order to enable them to commence proceedings for the construction of the Project. NOW, THEREFORE, BE IT RESOLVED by the Governing Body of the City of Salina, Kansas: Section 1. Proceedings should be and hereby are initiated pursuant to the provision of the Act for the purpose of proceeding with the Project. Section 2. The City Manager and other City staff are authorized to take all necessary actions to proceed with the Project. Section 3. The cost of the Project or portions thereof shall be paid by the City -at -large through the issuance of one or more series of general obligation bonds of the City as provided by the Act, and pending the issuance of said bonds, through the issuance of one or more series of temporary notes of the City. Section 4. The City expects to make capital expenditures on and after the date of adoption of this Resolution in connection with the Project, and intends to reimburse itself for such expenditures with the proceeds of one or more series of general obligation bonds and temporary notes of the City in the estimated maximum principal amount of $2,917,000. Section 5. That this resolution shall be in full force and effect from and after its adoption. Adopted by the Board of Commissioners and signed by the Mayor this 3rd day of November, 1997. �Zitin M. Seaton, Mayor (SEAL) ATTEST; ad'LL. o ,CMC,Ci4ye