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14-7087 Bicentennial Center Improvements FundingI Ll n RESOLUTION NUMBER 14-7087 A RESOLUTION AMENDING SECTION 2 OF RESOLUTION 13-6988, AUTHORIZING AND PROVIDING FOR THE CONSTRUCTION OF IMPROVEMENTS TO CERTAIN EXISTING PUBLIC BUILDINGS IN THE CITY OF SALINA, KANSAS; AND PROVIDING FOR THE PAYMENT OF THE COSTS THEREOF. WHEREAS, K.S.A. 12-1736 provides, in part, that any city in the State of Kansas may erect or construct, acquire a public building or buildings and procure any necessary site therefore and may alter, repair, reconstruct, remodel, replace or make additions to, furnish and equip a public building or buildings; and WHEREAS, K.S.A. 12-1737 provides, in part, that the governing body of any city may, for the purposes of financing the costs associated with the foregoing, issue general obligation bonds of the City; and WHEREAS, the governing body of the City of Salina, Kansas (the "City"), hereby finds and determines it to be necessary to authorize and provide for the construction of improvements to certain public buildings in the City, as more fully described herein, and to provide for the payment of the costs thereof without the necessity of an election, all as provided by said K.S.A. 12-1736 et seq., as amended and supplemented from time to time (the "Act"); WHEREAS, on March 4, 2013, the governing body of the City previously adopted Resolution No. 13-6988 authorizing and directing the following improvements to the Bicentennial Center (the "Project"): Various capital improvements to the Bicentennial Center including, but not limited to: roof reinforcement and repair; arena renovation; electrical and mechanical system and HVAC improvements; replacement of interior and exterior doors; remodel of concession stands, lobby, entrance and administrative areas; exterior improvements including sidewalks, curbs and landscaping; furnishings, fixtures and equipment for arena, stage and office spaces; building marquees to be located on Ohio Street at The Midway and Oakdale at The Midway; and all other necessary and related improvements, at a total estimated cost of $8,750,000 plus costs of issuance and interest on any temporary financing; and WHEREAS, the total costs of the Project have increased, and the governing body hereby finds and determines it necessary to amend Section 2 of Resolution No. 13-6988 to provide for the revised estimated total costs of the Project and the financing thereof. THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF SALINA, KANSAS: Section 1. Amendments to Section 2 of Resolution 13-6988. Section 2 of Resolution 13-6988 is hereby amended as follows: Section 2. Bond Authorization. The estimated costs for the Project are in the amount of $10,200,000 plus costs of issuance and interest on any temporary financing. The costs from the Project and associated financing costs shall be payable from the proceeds of general obligation bonds and/or temporary notes of the City issued under authority of the Act (the "Bonds"). Section 3. Reimbursement. The governing body hereby states its official intent that Bonds may be issued to reimburse expenditures made on or after the date which is 60 days before the date of this Resolution, pursuant to Treasury Regulation 51.150-2. Section 4. Effective Date. This Resolution shall take effect and be in full force from and after its adoption by the governing body of the City. ADOPTED AND APPROVED by the governing body of the City of Salina, Kansas, on April 21, 2014. 1 L n (Seal) F.11 0 fall I 6�2AdL -/I ��YrN Shan i Wicks, CMC, City Clerk A--- '�� rbara V. Shirley, Mayor