15-10788 Approving SAA BondsE
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(Published in The Salina Journal on August 6, 2015)
(Posted on the Ciry of Salina Website August 4 to 18, 2015)
ORDINANCE NO. 15-10788
AN ORDINANCE UNCONDITIONALLY APPROVING THE ISSUANCE OF TAXABLE
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 AND REFUNDING CERTAIN
OUTSTANDING GENERAL OBLIGATION BONDS OF THE AUTHORITY.
WHEREAS, on July 15, 2015, the Board of Directors of the Salina Airport Authority (the
"Authority") adopted a resolution approving the issuance of (1) not to exceed $675,000 principal amount,
excluding costs of issuance and temporary financing costs, of the Authority's general obligation bonds to pay
the cost of certain capital improvement projects located at the Salina Airport and Industrial Center, including,
but not limited to (a) rehabilitation of Hangar 959, including electrical modifications, sprinkler system
reactivation, fire alarm system and sensor installation, upgrades to the HVAC systems, electrical system
modifications, fencing and burying of exterior overhead electrical lines to accommodate large passenger jets;
(b) renovation and equipment acquisition and installation at the M.J. Kennedy Air Terminal Building in order
to accommodate expanded commercial air service including a passenger screening and holding area and
offices for Transportation Security Administration Employees; and (c) other various capital improvements at
the Salina Regional Airport (collectively, the "Project"), as authorized by K.S.A. 27-315 to 27-326 inclusive
and (2) general obligation refunding bonds in a principal amount sufficient to refund all or a portion of the
following outstanding general obligation bonds of the Authority (collectively, the "Refunded Bonds"),
pursuant to K.S.A. 10-427 et seq.:
Description Series Dated Date Years Amount
Taxable General Series 2005-A August 1, 2005 2016 to 2020 $1,805,000
Obligation Bonds
Taxable General Series 2007-A December 15, 2007 2016 to 2022 565,000
Obligation Bonds
; 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.
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 15, 2015,
providing for the issuance of (1) the Authority's general obligation bonds in a principal amount not to exceed
$675,000, excluding costs of issuance and temporary financing costs, to pay the costs of the Project, as
authorized by K.S.A. 27-315 to 27-326 inclusive and (2) the Authority's general obligation refunding bonds
in a principal amount sufficient to refund all or a portion of the Refunded Bonds, pursuant to K.S.A. 10-427
et seq., is hereby unconditionally approved.
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Section 2. That this ordinance shall be in full force and effect from and after its adoption and
Ipublication once in the official city newspaper.
[Seal]
ATTEST:
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Shan8i Wicks, City Clerk
Introduced: July 27, 2015
Passed: August 3, 2015
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