19-10994 General Obligation Internal Improvement Bonds, Series 2019-A n
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ORDINANCE NO. 19-10994
OF
THE CITY OF SALINA, KANSAS
PASSED
APRIL 1, 2019
GENERAL OBLIGATION INTERNAL IDIPROVEMENT BONDS
SERIES 2019-A
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ORDINANCE NO. 19-10994
AN ORDINANCE AUTHORIZING AND PROVIDING FOR THE ISSUANCE OF
GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS, SERIES 2019-A,
OF THE CITY OF SAUNA, KANSAS; PROVIDING FOR THE LEVY AND
COLLECTION OF AN ANNUAL TAX FOR THE PURPOSE OF PAYING THE
PRINCIPAL OF AND INTEREST ON SAID BONDS AS THEY BECOME DUE;
AUTHORIZING CERTAIN OTHER DOCUMENTS AND ACTIONS IN
CONNECTION THEREWITH; AND MAKING CERTAIN COVENANTS WITH
To
RESPECT THERETO.
WHEREAS, the City of Salina, Kansas (the "City") is a city of the first class, duly created,
organized and existing under the Constitution and laws of the State; and
WHEREAS, pursuant to K.S.A. 12-63Ir, 12-685 et seq., K.S.A. 65-163u, Charter Ordinance No. 39
of the City and Article 12, Section 5 of the Constitution of the State of Kansas, and other provisions of the
laws of the State of Kansas applicable thereto, by proceedings duly had, the City Commission of the City
(the "Governing Body") has authorized the following improvements (the `Improvements")to be made in the
City, to-wit:
Ordinance/ Improvement
Project Description Resolution No. Authority Fund Deposit'
K.S.A. 12-631r, 12-685 et
Downtown Streetscape Ord. 17-10888 seq., K.S.A. 65-163u $10,364,313.89
Golf Irrigation Res. 19-7678 Charter Ordinance No. 39 982,245.87
Total: 511,346,559.76"
Improvement Fund deposit from bond proceeds; excludes costs of issuance, underwriter's discount and
interest on any temporary financing on the Downtown Streetscape project.
and
WHEREAS, the Governing Body is authorized by law to issue general obligation bonds of the City
to pay a portion of the costs of the Improvements; and
WHEREAS, the Governing Body has advertised the sale of the Bonds in accordance with the law
and at a meeting held in the City on this date, awarded the sale of such Bonds to the best bidder.
NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF
SALINA, KANSAS,AS FOLLOWS:
Section 1. Definitions of Words and Terms. In addition to words and terms defined elsewhere
herein, the following words and terms in this Ordinance shall have the meanings hereinafter set forth. Unless
the context shall otherwise indicate, words importing the singular number shall include the plural and vice
versa, and words importing persons shall include firms, associations and corporations, including public bodies,
as well as natural persons.
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"Act" means the Constitution and statutes of the State including K.S.A. 10-101 to 10-125, inclusive,
K.S.A. 10-620 et seq., K.S.A. 12-631r, K.S.A. 12-685 et seq., K.S.A. 65-163u, Charter Ordinance No. 39
and Article 12, Section 5 of the Constitution of the State of Kansas, all as amended and supplemented from
time to time.
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"Bond and Interest Fund" means the Bond and Interest Fund of the City for its general obligation
bonds.
"Bond Resolution" means the resolution to be adopted by the Governing Body prescribing the
terms and details of the Bonds and making covenants with respect thereto.
3 "Bonds" means the City's General Obligation Internal Improvement Bonds, Series 2019-A, dated
April 24, 2019, authorized by this Ordinance.
"City" means the City of Salina, Kansas.
"Clerk" means the duly appointed and acting Clerk of the City or, in the Clerk's absence, the duly
appointed Deputy or Acting Clerk.
"Finance Director" means the duly appointed and/or elected Finance Director or, in the Finance
Director's absence, the duly appointed Deputy Finance Director or Acting Finance Director of the Issuer.
"Improvements" means the improvements referred to in the preamble to this Ordinance and any
Substitute Improvements.
"Mayor" means the duly elected and acting Mayor of the City or, in the Mayor's absence, the duly
appointed and/or elected Vice Mayor or Acting Mayor of the City.
"Ordinance" means this Ordinance authorizing the issuance of the Bonds.
"Refunded Notes" means a portion of the Series 2018-2 Notes maturing on November 15, 2019.
"Series 2018-2 Notes" means the City's General Obligation Temporary Notes, Series 2018-2, dated
November 27, 2018, in the aggregate principal amount of$13,500,000.
"State" means the State of Kansas.
"Substitute Improvements" means the substitute or additional improvements of the City authorized
in the manner set forth in the Bond Resolution.
Section 2. Authorization of the Bonds. There shall be issued and hereby are authorized and
directed to be issued the General Obligation Internal Improvement Bonds, Series 2019-A, of the City in the
principal amount of$11,090,000 for the purpose of providing funds to: (a) pay a portion of the costs of the
Improvements; (b) pay the costs of issuance of the Bonds; and (c)retire a portion of the Refunded Notes.
Section 3. Security for the Bonds. The Bonds shall be general obligations of the City payable as
to both principal and interest from ad valorem taxes which may be levied without limitation as to rate or
amount upon all the taxable tangible property, real and personal, within the territorial limits of the City. The
full faith, credit and resources of the City are hereby irrevocably pledged for the prompt payment of the
principal of and interest on the Bonds as the same become due.
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to the provisions, covenants and agreements set forth in the Bond Resolution hereafter adopted by the
Governing Body.
Section 5. Levy and Collection of Annual Tax. The Governing Body shall annually make
provision for the payment of principal of, premium, if any, and interest on the Bonds as the same become due
by levying and collecting the necessary taxes upon all of the taxable tangible property within the City in the
manner provided by law.
The taxes above referred to shall be extended upon the tax rolls in each of the several years,
respectively, and shall be levied and collected at the same time and in the same manner as the general ad
valorem taxes of the City are levied and collected, shall be used solely for the payment of the principal of and
interest on the Bonds as and when the same become due and the fees and expenses of the paying agent for
the Bonds. The proceeds derived from said taxes shall be deposited in the Bond and Interest Fund.
If at any time said taxes are not collected in time to pay the principal of or interest on the Bonds
when due, the Treasurer is hereby authorized and directed to pay said principal or interest out of the general
funds of the City and to reimburse said general funds for money so expended when said taxes are collected.
Section 6. Further Authority. The Mayor, Finance Director, Clerk and other City officials are
hereby further authorized and directed to execute any and all documents and take such actions as they may
deem necessary or advisable in order to carry out and perform the purposes of the Ordinance, and to make
alterations, changes or additions in the foregoing agreements, statements, instruments and other documents
herein approved, authorized and confirmed which they may approve, and the execution or taking of such
action shall be conclusive evidence of such necessity or advisability.
Section 7. Governing Law. This Ordinance and the Bonds shall be governed exclusively by and
construed in accordance with the applicable laws of the State.
Section 8. Effective Date. This Ordinance shall take effect and be in full force from and after its
passage by the Governing Body, approval by the Mayor and publication of the Ordinance (or a summary
thereof) in the official City newspaper.
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PASSED by the Governing Body on April 1. 2019 and APPROVED AND SIGNED by the Mayor.
(SEAL)
Trent W. Davis. M.D.. Mayor
= ATTEST:
Shandi Wicks, CMC. City Clerk
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(Signature Page to Bond Ordinance)
I PUBLICATION SUMMARY OF ORDINANCE NO. 19-10994, PASSED BY THE GOVERNING BODY
OF THE CITY OF SALINA, KANSAS ON THE 1ST DAY OF APRIL, 2019
SUMMARY
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W On April 1, 2019, the Governing Body of the City of Salina, Kansas, adopted Ordinance No. 19-10994,
authorizing and providing for the issuance of$11,090,000 principal amount of General Obligation Internal
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Improvement Bonds, Series 2019-A, of the City of Salina, Kansas. The purpose of the issuance of the bonds
is to provide funds to finance certain public improvements in the City and refund a portion of certain
3 outstanding general obligation notes. In addition, the Ordinance provides for security of the bonds, terms,
and details and conditions for the issuance of the bonds. Such bonds constitute general obligations of the City
payable as to both principal and interest, to the extent necessary, from ad valorem taxes which may be levied
without limitation as to rate or amount upon all the taxable tangible property, real and person, within the
territorial limits of the City. 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,
wtiw.salina-ks.gov, where a reproduction of the original ordinance will be available for a minimum of one
week following this summary publication.
This sorry j rtified thisi/day of April, 2019.
. Ben.Cn
Ci Attorney
IPublish one time and return one Proof of Publication to the City Clerk and one to the City Attorney.
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