22-8029 General Obligation Internal Improvement Bonds Series 2022-A-
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RESOLUTION NO. 22-8029
A RESOLUTION AUTHORIZING THE OFFERING FOR SALE OF GENERAL
OBLIGATION INTERNAL IMPROVEMENT BONDS, SERIES 2022-A, OF THE
CITY OF SALINA, KANSAS.
WHEREAS, the City of Salina, Kansas (the "Issuer") has previously authorized certain improvements
described as follows (collectively the "Improvements"):
Project Description
North 9t1t Street Bridge
Smoky Hill River Renewal
!Automated Sanitation Trucks
Great Plains Manufacturing Center
Convention Hall HV AC Tony's Pizza
[Event Center
!Magnolia Hills Estates No. 2
Stone Lake Phase 3a
Magnolia Hills Estates No. 2 -Markley
!Road Trail
Total:
*Exc ludes costs of issuance.
Ord./Res. No.
Ord. 02-10071 ;
Res No . 19-
7677
Ord. 17-10885
Res. 20-7818
Res. 21-7931
Res. 19-7760
Res. 19-7751
Res. 21-7957
Estimated
Improvement
Authority (K.S.A.} Fund Deposit*
K.S.A. 12-685 et seq. $1,917,141.87
Kan. Const. Article 12, §5 1,658,443.62
K.S.A. 12-2104 1,592,503.73
K.S.A. 12-1736 et seq. 167,091.89
K.S.A. 12-6a01 et seq. 1,512,451.14
K.S.A. l 2-6a01 et seq. 1,236,043.56
K.S.A. 12-6a01 et seq. 25,190.49
$8,109,136.30
WHEREAS, the Issuer desires to issue its general obligation bonds in order to permanently finance
the costs of such Improvements and to retire the following temporary notes of the Issuer, which were issued to
temporarily finance a portion of the costs of the Improvements (the "Refunded Notes"):
Series
2021-1
Dated
Date
04/29/2021
Maturity
Date
05 /01 /2 022
Original
Amount
$5,230,000
Outstanding
Amount
$5,230,000
WHEREAS, the Issuer proposes to issue its general obligation bonds to pay a portion of the costs of
the Improvements and to retire the Refund ed Notes; and
WHEREAS, the Issuer has selected the firm of Stifel, Nicolaus & Company, Incorporated, Kansas
City, Missouri ("Municipal Advisor"), as municipal advisor for one or more series of municipal temporary
tnotes and one or more series of general obligation bonds of the Issuer, to be issued in order to provide funds
~o pay the costs of the Improvements; and
WHEREAS, the Issuer de s ires to authorize the Municipal Advisor to proceed with the offering for
sale of said general obligation bonds and related activities; and
WHEREAS, one of the duties and responsibilities of the Issuer is to prepare and distribute a
preliminary official statement relating to said general obligation bonds; and
WHEREAS, the Issuer desires to authorize the Municipal Advisor and Gilmore & Bell, P.C., Kansas
City, Missouri, the Issuer's bond counsel ("Bond Counsel"), in conjunction with the Clerk, and other officers
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and representatives of the Issuer to proceed with the preparation and distribution of a preliminary official
statement and notice of sale and to authorize the distribution thereof and all other preliminary action necessary
to sell said general obligation bonds and general obligation temporary notes .
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SALINA, KANSAS, AS
FOLLOWS:
Section 1. There is hereby authorized to be offered for sale the Issuer 's General Obigation
Internal Improvment Bonds, Series 2022-A (the "Bonds") described in the Notice of Bond Sale , which is
hereby approved in substantially the form presented to the Governing Body this date (the "Notice of Bond
Sale"). All proposals for the purchase of the Bonds shall be delivered to the Governing Body at its meeting to
be held on the sale date referenced in the Notice of Bond Sale, at which meeting the Governing Body shall
review such bids and award the sale of the Bonds or reject all proposals .
Section 2 . The Mayor, Clerk and Director of Finance in conjunction with the Municipal Advisor
and Bond Counsel are hereby authorized to cause to be prepared a Preliminary Official Statement relating to
the Bonds (the "Preliminary Official Statement"), and such officials and other representatives of the Issuer are
hereby authorized to use such document in connection with the sale of the Bonds .
Section 3. The Clerk, in conjunction with the Municipal Advi sor and Bond Counsel , is hereby
authorized and directed to give notice of said bond sale by publishing a summary of the Notice of Bond Sale
not less than 6 days before the date of the bond sale in a newspaper of general circulation in Saline County,
Kansas , and the Kansas Register and by distributing copies of the Notice of Bond Sale and Preliminary Official
Statement to prospective purchasers of the Bonds. Proposals for the purchase of the Bonds shall be submitted
upon the terms and conditions set forth in the Notice of Bond Sale, and awarded or rejected in the manner set
forth in the Notice of Bond Sale.
Section 4. For the purpose of enabling the purchaser of the Bonds (the "Purchaser") to comply
with the requirements of Rule 15c2-12 of the Securities and Exchange Commission (the "Rule "), the Mayor,
Clerk, City Manager, Director of Finance or other appropriate officers of the Issuer are hereby authorized: (a)
to approve the form of the Preliminary Official Statement and to execute the "Certificate Deeming Preliminary
Official Statement Final " in substantially the form attached hereto as Exhibit A as approval of the Preliminary
Official Statement, such official 's signature thereon being conclusive evidence of such official 's and the
Issuer 's approval thereof; (b) covenant to provide continuous secondary market disclosure by annually
transmitting certain financial information and operating data and other information necessary to comply with
the Rule to the Municipal Securities Rulemaking Board ; and (c) take such other actions or execute such other
documents as such officers in their reasonable judgment deem necessary to enable the Purchaser to comply
with the requirement of the Rule.
Section 5. The Issuer agrees to provide to the Purchaser within seven business days of the date
of the sale of Bonds or within sufficient time to accompany any confirmation that requests payment from a ny
customer of the Purchaser, whichever is earlier, sufficient copies of the final Official Statement to enable the
Purchaser to comply with the requirements of the Rule and with the requirements of Rule G-32 of the
Municipal Securities Rulemaking Board.
Section 6. The Mayor, Clerk, City Manager, Dire ctor of Finance and the other officers and
representatives of the Issuer, the Municipal Advisor and Bond Counsel , are hereby authorized and directed to
take such other action as may be necessary to carry out the sale of the Bonds, including making provision for
payment and/or redemption of the Refunded Notes. Any sale of the Bonds shall be subject to further approval
by the governing body.
The transactions described in thi s Resolution may be conducted , and documents related to the
Obligations may be sent, received , executed, and stored , by electronic means or transmissions. Copies,
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telecopies, electronic files and other reproductions of original executed documents (or documents executed by
electronic means or transmissions) shall be deemed to be authentic and valid counterparts of such documents
for all purposes, including the filing of any claim , action or suit in the appropriate court of law.
Section 7. This Resolution shall be in full force and effect from and after its adoption by the governing
body.
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ADOPTED by the City Commission on March 21, 2022.
(SEAL)
Trent W. Davis , M.D., Mayor
ATTEST: