16-10845 Salina Airport Authority BondsE
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(Summary Published in The Salina Journal on August I I , 2016)
(Published on the City of Salina's website for a minimum of one week from Augustg - a3 , 2016.)
ORDINANCE NUMBER 16-10845
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 REGIONAL AIRPORT AND
AIRPORT INDUSTRIAL CENTER AND THE SALINA MUNICIPAL AIRPORT.
WHEREAS, on July 20, 2016, the Board of Directors of the Salina Airport Authority (the
"Authority") adopted a resolution approving the issuance of not to exceed $648,220 (exclusive of costs of
issuance and any temporary financing costs) of general obligation bonds of the Authority to pay the cost of
certain capital improvements located at the Salina Regional Airport and Airport Industrial Center, including,
but not limited to, the rehabilitation of Taxiway E, the relocation of Taxiway A Holding Position at Runway
35, and the rehabilitation of Runway 17-35 (the "Project"), as authorized by K.S.A. 27-315 to 27-326,
inclusive; and
WHEREAS, the total cost of the Project is estimated to be $2,946,461.30, with approximately
$2,298,925.17 of the cost being provided by grants from the Federal Aviation Administration; 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 20, 2016,
providing for the issuance of not to exceed $648,220 (exclusive of costs of issuance and any temporary
financing costs) of general obligation bonds of the Authority for the purpose of financing the cost 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:
V d i OW
ShanJi Wicks, CMC, City Clerk
Introduced: August 1, 2016
Passed: August 8, 2016
PUBLICATION SUMMARY OF ORDINANCE NO. 16-10845, PASSED BY THE GOVERNING BODY
OF THE CITY OF SALINA, KANSAS ON THE 8T' DAY OF AUGUST, 2016
II SUMMARY
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CL On August 8, 2016, the Governing Body of the City of Salina, Kansas, adopted Ordinance No. 16-10845,
N unconditionally approving the issuance of not to exceed $648,220 (exclusive of costs of issuance and any
temporary financing costs) general obligation bonds by the Salina Airport Authority to pay the cost of certain
capital improvements located at the Salina Regional Airport and Airport Industrial Center, including, but not
0 limited to the rehabilitation of Taxiway E, the relocation of Taxiway A Holding Position at Runway 35, and
the rehabilitation of Runway 17-35 (the "Project"), as authorized by K.S.A. 27-315 to 27-326, inclusive. The
complete text of this ordinance may be obtained or viewed free of charge at the office of the City Clerk, 300
West Ash Street, Salina, Kansas, or on the City's official website address, www.salina-ks.gov, where a
reproduction of the original ordinance will be available for a minimum of one week following this summary
publication.
is sV?mW is certified this 8th day of August, 2016.
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Publish one time and return one Proof of Publication to the City Clerk.