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17-7459 Country Club Road Finding Pre-Authorization RESOLUTION NO. 17-7459 A RESOLUTION AUTHORIZING THE IMPROVEMENT OR REIMPROVEMENT OF CERTAIN MAIN TRAFFICWAYS WITHIN THE CITY OF SALINA, KANSAS; AND PROVIDING FOR THE PAYMENT OF THE COSTS THEREOF. z 6 WHEREAS, K.S.A. 12-687 provides that the governing body of any city shall have the power to g improve or reimprove or cause to be improved or reimproved, any main trafficway or trafficway connection designated and established under the provisions of K.S.A. 12-685 et seq. (the "Act"), and such improvement or reimprovement may include grading, regrading, curbing, recurbing, guttering, reguttering, paving, repaving, macadamizing, remacadamizing, constructing, reconstructing, opening, widening, extending, rounding corners, straightening, relocating, building any necessary bridges and approaches thereto, viaducts, overpasses, underpasses, culverts and drainage, trafficway illumination, traffic control devices, pedestrian ways, or other improvements or any two or more of such improvements or reimprovements and the acquisition of right-of-way by purchase or condemnation when necessary for any of such purposes: and WHEREAS, the Act provides that all costs of improvements or reimprovements authorized thereunder, including acquisition of right-of-way, engineering costs, and all other costs properly attributable to such projects, shall be paid by the city at large and may be funded, among others, by the issuance of general obligation bonds; and WHEREAS, the governing body of the City of Salina, Kansas (the "City"), has previously designated certain streets within the City as main trafficways, as provided by and under the authority of the Act; and WHEREAS, said governing body hereby finds and determines that it is necessary to improve or reimprove said main trafficways, and to provide for the payment of the costs thereof, all as provided by and under the authority of the Act. THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF SALINA, KANSAS: Section 1. Project Authorization. It is hereby deemed and declared to be necessary to improve or reimprove the main trafficways hereinafter set forth under the authority of the Act: Country Club Roadnlarymount Road Project. The improvement of Country Club Road from approximately 100 feet east of Eastborough Road to Marymount Road, and the improvement of Marymount Road from Country Club Road to Iron Avenue, including all costs related to milling, pavement replacement, overlay, curb and gutter, bicycle lanes, sidewalk, retaining wall, storm sewer, pedestrian crossing signalization, and all other related and necessary improvements(the"Project"). Section 2. Financing Authority. The estimated costs of the Project, including construction, engineering fees, acquisition of right-of-way and easements, contingencies and administrative expenses are 51,200,000. The costs of the Project shall be payable from the proceeds of general obligation bonds of the City issued under authority of the Act in an amount not to exceed 51,200,000, plus interest on any temporary financing and costs of issuance. 1Section 3. Reimbursement. The bonds described above 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 § 1.150-2. Section 4. its adoption by the governiEffectiv ngebody Date. ofthe ThisCity.Resolution shall take effect and be in full force from and after [BALANCE OF THIS PAGE INTENTIONALLY LEFT BLANK] z v'. U II 2 ADOPTED AND APPROVED by the governing body of the City of Salina. Kansas, on June S. 2017. 111 (Seal) _` Ls: . Ka•e J, a .rd, Mayor w ATTEST: N l.UlOY� Shan i Wicks. CMC.City Clerk 1 1 (Signature page to Resolution)