96-5027 Bond Intentca,odaed.5 ,.
RESOLUTION NO. l U"
A RESOLUTION DECLARING IT NECESSARY TO ALTER, REPAIR,
RECONSTRUCT, EXTEND, ENLARGE AND IMPROVE THE COMBINED WATER
AND SEWAGE SYSTEM OF THE CITY OF SALINA, KANSAS; TO ISSUE
COMBINED WATER AND SEWAGE SYSTEM REVENUE BONDS OF THE CITY,
IN AN AMOUNT NOT TO EXCEED $2,465,000, FOR THE PURPOSE OF PAYING
COSTS THEREOF AND RELATED BOND RESERVES AND FINANCING COSTS;
AND PROVIDING FOR THE GIVING OF NOTICE OF SAID INTENTION OF THE
CITY.
WHEREAS, the City of Salina, Kansas (the "City") presently owns and operates a combined
water and sewage system (the "System"); and
WHEREAS, the governing body of the City hereby finds and determines it to be necessary to
alter, repair, reconstruct, extend, enlarge and improve the System, and that the costs thereof should be
financed by the issuance of combined water and sewage system revenue bonds of the City, under
authority of K.S.A. 12-856 el 5gq, and K.S.A. 10-1201 gl sq., all as amended and supplemented
(collectively, the "Act").
THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF SALINA,
KANSAS:
SECTION 1. It is hereby deemed and declared to be necessary to alter, repair, reconstruct,
extend, enlarge and improve the System in the following particulars, to -wit:
Acquiring, constructing and reconstructing three pump stations and related telemetry
equipment for the sewage portion of the System
(the "Project") at an estimated acquisition and construction cost of $2,215,000 and to enter into contracts
in connection with the Project.
SECTION 2. It is necessary to issue combined water and sewage system revenue bonds of the
City, in an amount not to exceed $2,465,000 (the "Bonds"), under authority of the Act, to pay the costs
of the Project and related bond reserves and financing costs.
SECTION 3. Before issuing the Bonds, there shall be published one (1) time in the official
newspaper of the City, a notice of the intention of the governing body to undertake the Project and to
issue the Bonds; and if within fifteen (15) days after the publication of such notice, there shall be filed
with the City Clerk , a written protest against the Project or the issuance of the Bonds, signed by not less
than twenty per cent (20%) of the qualified electors of the City, the governing body shall thereupon
submit such proposed Project and the proposed Bonds to the electors of the City at a special election to
be called for that purpose as provided by the Act. If no sufficient protest is filed with the City Clerk
within the period of time hereinbefore stated, then the governing body of the City shall proceed to
authorize the Project and to issue the Bonds.
SECTION 4. The City expects to incur capital expenditures on and after the date of adoption
of this Resolution (the "Expenditures") in connection with the Project, and intends to reimburse itself for
such Expenditures with the proceeds of the combined water and sewage system revenue bonds of the City
in the maximum principal amount of $2,465,000.
ADOPTED by the governing body of the City of Salina, Kansas, on July 1, 1996.
(Seal) `7&"wez
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ATTEST:
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Cleril