07-10398 Airport BondsZ
a
LU
M
W
a
U
1
G'
(Published in the Salina Journal on July, 2007)
ORDINANCE NUMBER 07-10398
AN ORDINANCE UNCONDITIONALLY APPROVING THE ISSUANCE OF GENERAL
OBLIGATION BONDS BY THE SALINA AIRPORT AUTHORITY FOR THE PURPOSE OF
FINANCING THE COST OF CERTAIN CAPITAL IMPROVEMENTS LOCATED AT THE
SALINA AIRPORT INDUSTRIAL CENTER AND THE SALINA MUNICIPAL AIRPORT.
WHEREAS, on July 11, 2007, the Board of Directors of the Salina Airport Authority (the
"Authority") adopted a resolution approving the issuance of not to exceed $9,765,000 (exclusive of costs of
issuance and any temporary financing costs) of general obligation bonds of the Authority to pay the cost of
certain capital improvements located at the Salina Airport and Industrial Center, including, but not limited to,
the acquisition, construction, improvement, furnishing and equipping of a new hangar to be known as Hangar
600 and various storage hangars, improvement of the Airport's north ramp area including building
acquisition, renovation of Hangars 506-1 and 506-2, improvements to the Airport's fueling facilities and
area, HVAC improvements to various buildings, acquisition of equipment, improvements to Airport
perimeter road, engineering for main taxiway reconstruction and a study of the Airport and Industrial Center
drainage system (the "Project"), as authorized by K.S.A. 27-315 to 27-326, inclusive; and
WHEREAS, the total cost of the Project is estimated to be $10,608,600, with approximately
$843,600 of the cost being provided by grants from the Federal Aviation Administration; and
WHEREAS, K.S.A., 27-323 provides that the Authority shall forward a copy of such resolution to
the Mayor of the City, who shall present such resolution of the governing body of the City for its approval or
disapproval.
SO NOW THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF
SALINA, KANSAS AS FOLLOWS:
Section 1. That the resolution of the Salina Airport Authority adopted on July 11, 2007,
providing for the issuance of not to exceed $9,765,000 (exclusive of costs of issuance and any temporary
financing costs) of general obligation bonds of the Authority for the purpose of financing the cost of the
Project is hereby unconditionally approved.
Section 2. That this ordinance shall be in full force and effect from and after its adoption and
publication once in the official city newspaper.
Introduced: July 16, 2007
Passed: July23, 2007
[Seal] Alan E. Jilka, Ma3or
A EST:
Lieu Ann Elsey, CMC, City qlkrk