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97-5177 Initiate ProceedingsC,,sdiEald Ulm RESOLUTION NUMBER 97-5177 A RESOLUTION INITIATING PROCEEDINGS BY THE GOVERNING BODY FOR IMPROVEMENT OF A PORTION OF OHIO STREET IN THE CITY OF SALINA, KANSAS. WHEREAS, the Governing Body of the City of Salina, Kansas (the "City") , has designated Ohio Street as a main trafficway pursuant to K.S.A. 12-685 et seq . (the "Act") ; and WHEREAS, the Governing Body of the City has determined that it is necessary to improve or reimprove portions of Ohio Street that service as a main trafficway as follows: Improve or reimprove Ohio Street, including without limitation, widening and resurfacing the street and the construction of new sidewalks, from and including its intersection with Johnstown Street to and including its intersection with Elm Street at an estimated cost of approximately $600,000. (said work being referred to as the "Project"); and 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. SO NOW THEREFORE Kansas: BE IT RESOLVED by the Governing Body of the City of Salina, 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 $600,000, the anticipated cost of the Project to be paid by the City. 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 14th day of July, 1997. :(SEAL TTESTbara R. Weber, Deputy City Clerk ristin M. aton, Mayor