04-10200 SAA GO Bonds(Published in The Salina Journal on May -712004)
2004)
ORDINANCE NUMBER 04-10200
AN ORDINANCE UNCONDITIONALLY APPROVING THE ISSUANCE OF
GENERAL OBLIGATION BONDS BY THE SALINA AIRPORT AUTHORITY IN AN
AMOUNT NOT TO EXCEED $3,555,000 FOR THE PURPOSE OF FINANCING THE COST
OF CERTAIN CAPITAL IMPROVEMENTS LOCATED AT THE SALINA AIRPORT
INDUSTRIAL CENTER.
WHEREAS, on April 21, 2004, the Board of Directors of the Salina Airport Authority (the
"Authority") adopted a resolution approving the issuance of not to exceed $3,555,000 of general
obligation bonds of the Authority to pay the cost of certain capital improvements located at the
Salina Airport Industrial Center, including, but not limited to, acquisition., construction,
improvement, furnishing and equipping of buildings (the "Project"), as authorized by K.S.A. 27-315
to 27-326, inclusive; 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 April 21, 2004,
providing for the issuance of not to exceed $3,555,000 in 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.
Introduced: April 26, 2004
Passed: May 3, 2004
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[Seal]
ATTEST:
City Clerk