14-7089 Solid Waste Facility Temporary Notes &/or GO Bond Issuance(Published in the Salina Jwmal April 20, and 27, 2014)
(Published on the City of Salina website April 17 to April 27, 2014)
RESOLUTION NUMBER 14-7089
Section 4. The City has incurred preliminary expenditures and expects to make
expenditures on and after the date of adoption of this resolution in connection with the Project, and
intends to reimburse itself for such expenditures with the proceeds of the Obligations of the City which
are expected to be issued in the maximum principal amount of 52,300,000 plus the costs of issuance
and interest on any temporary financing.
Section 5. This resolution shall be in full force and effect from and after its adoption.
ADOPTED by the Governing Body on April 14, 2014.
Aaron Householter, Vice -Mayor
1 (Seal)
ATTEST:
wimp
Shan ' Wicks, CMC, City Clerk
A RESOLUTION PROVIDING FOR THE ISSUANCE OF TEMPORARY NOTES
A\'D/OR GENERAL OBLIGATION BONDS OF THE CITY OF SALINA, KANSAS TO
FINANCE ID'IPROVEMENTS TO THE CITY'S SOLID WASTE FACILITY.
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WHEREAS, the City of Salina, Kansas (the "City"), collects and dispenses of solid waste as a
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municipal function under the laws of the State of Kansas, including K.S.A. 12-2101 et seq. (the "Act");
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and
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WHEREAS, the Governing Body of the City hereby finds and determines that it is necessary
to make improvements to the City's solid waste facility, including construction of a leachate pond.
gravity leachate collection system and manholes, leachate pumping system and municipal solid
waste landfill cell, including access roadways, excavation, installation of low permeability soil
liners, installing aggregate, and leachate collection/conveyance piping, pumping system, and
appurtenances (the "Project") and that the City has insufficient funds to pay for the entire cost of the
Project at the present time: and
WHEREAS, the City hereby finds and determines that it is necessary for the City to issue its
temporary notes and/or general obligation bonds (the "Obligations") to pay the cost of the Project:
NOW, 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 for the City to make
improvements to the City's solid waste facility as described above.
Section 2. It is necessary for the City to issue its Obligations to the pay, the cost of the
Project in the amount of 52300,000 plus the costs of issuance and interest on any temporary financing
under the authority of the Act and K.S.A. 10-101 et seq.
Section 3. Before issuing the Obligations, this resolution shall be published once each
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week for two consecutive weeks in the official City newspaper. The Obligations may be issued unless
a petition in opposition thereto, filed by not less than 5% of the electors of the City, is filed with the
County Election Officer of Saline County within 30 days following the second publication of the
resolution. If such petition Is filed, the governing body of the City shall submit the question of the
issuance of the Obligations for the Project to the electors of the Cit}, at an election called for such
purpose as provided in the Act. If no sufficient petition is filed with the County Election Officer of
Saline County within the period of time hereinbefore stated, then the governing body of the City shall
proceed with the issuance of the Obligations for the Project.
Section 4. The City has incurred preliminary expenditures and expects to make
expenditures on and after the date of adoption of this resolution in connection with the Project, and
intends to reimburse itself for such expenditures with the proceeds of the Obligations of the City which
are expected to be issued in the maximum principal amount of 52,300,000 plus the costs of issuance
and interest on any temporary financing.
Section 5. This resolution shall be in full force and effect from and after its adoption.
ADOPTED by the Governing Body on April 14, 2014.
Aaron Householter, Vice -Mayor
1 (Seal)
ATTEST:
wimp
Shan ' Wicks, CMC, City Clerk