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07-10428 Redevelopment DistrictFi (Published in the Salina Journal on December O?1 2007) ORDINANCE NO. 07-10428 AN ORDINANCE OF 'THE GOVERNING BODY OF THE CITY OF SALINA, KANSAS MAKING FINDINGS AND ESTABLISHING A REDEVELOPMENT DISTRICT PURSUANT TO K.S.A. 12-1770 ET SEQ., AND AMENDMENTS THERETO. a w WHEREAS, pursuant to the provisions of K.S.A. 12-1770 et seq., as amended (the "Act"), the City of Salina, Kansas (the "City") is authorized to establish redevelopment districts within a defined area of the City which was found by Resolution No. 07-6446 adopted by the governing body of the City on November 5, 2007 to be a blighted area, and is therefore an `eligible arca" as said term is defined in the Act; and WHEREAS, the Governing Body adopted Resolution No. 07-6447 on November 5, 2007 calling for a public hearing considering the establishment of a redevelopment district to be held by the Governing Body on December 10, 2007; and WHEREAS, notice of the public hearing was given as required by the Act; and WHEREAS, the public hearing was held on December 10, 2007 and closed on the same day; and NOW, THEREFORE, 13E IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF SALINA, KANSAS: SECTION 1. The Governing Body hereby finds that the real property described in Exhibits A and B (the "Redevelopment District') attached hereto is an eligible area for being designated as a redevelopment district pursuant to the Act because the real property was found by Resolution No. 07-6446 adopted by the governing body of the City to be a blighted area. SECTION 2. 'file Governing Body hereby finds that the real property described in Exhibits A ' and B is the same real property designated in the notice of public hearing given as required by the Act and Resolution No. 07-6447. SECTION 3. 'file Governing Body hereby finds that the conservation, development or redevelopment of the Redevelopment District is necessary to promote the general and economic welfare of lithe City. SECTION 4. The Governing Body hereby establishes the Redevelopment District, which shall include one project area, as depicted on the map attached hereto as Exhibit A. The district plan is hereby approved, and consists of buildings and facilities to be constructed within the project area and generally described as follows: A shopping center. including single and multi -tenant retail space, and related public and private infrastructure. SECTION 5. The Act authorizes the issuance by the City of bonds to finance all or a portion of the costs of implementing the district plan. Said bonds may be issued to reimburse expenditures made on or after the date which is 60 days before the date of passage of this Ordinance, pursuant to Treasury Regulation §1.150-2. SECTION 6. This Ordinance shall take effect and be in force from and after its passage and publication as provided by law. ADOPTED by the Governing Body this December 17, 2007. SIGNED by the Mayor this December 17, 2007. (SEAL) r City Clerk (/v L�� A Mayor ..nn I [IMF j B j 8 awm rt EVA � Crofton Tull Sparks $ s R&rums ®ca •s+w.n m fIL 110 MWb�9{�mf In s xvlw��mM1'n FWo��mfd011 5�;1 Pa3L49NABYiG4Yi arc nitecturn �enylneyriny w i \ q r IFri � a � N A _ C I \ z t t:j: a FE �bmb / 6 � / E / a \ [IMF j B j 8 awm rt EVA � Crofton Tull Sparks $ s R&rums ®ca •s+w.n m fIL 110 MWb�9{�mf In s xvlw��mM1'n FWo��mfd011 5�;1 Pa3L49NABYiG4Yi arc nitecturn �enylneyriny EXIIIBI'I' B LEGAL DESCRIPTION OF REDEVELOPMENT DISTRICT Lot One (1), Block One (1), Lambertz Addition to the City of Salina, Saline County, Kansas.