10-10560 Airport Authority BondsCa
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(Published in The Salina Journal on August 6, 2010)
ORDINANCE NUMBER 10-10560
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 AND INDUSTRIAL CENTER.
WHEREAS, on July 21, 2010, the Board of Directors of the Salina Airport Authority (the
"Authority") adopted a resolution approving the issuance of not to exceed $4,300,000, excluding costs of
issuance and temporary financing costs, of the Authority's general obligation bonds 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) improvements to the airfield
including pavement rehabilitation, acquisition of navigational equipment and paying a portion of the costs of
a new, aircraft rescue and firefighting station and (b) improvements to and rehabilitation of various buildings
(including any necessary demolition) (collectively, the "Project"), as authorized by K.S.A. 27-315 to 27-326,
inclusive; 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 21, 2010,
providing for the issuance of not to exceed $4,300,000 (excluding costs of issuance and temporary financing
costs) of general obligation bonds of the Authority for the purpose of paying the costs 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.
[Seal]
ATTEST`:
City Clerk
Introduced: July 26, 2010
Passed: ugust 2, 2010
May