99-5536 Initiate Proceedingscwwi,d,W k1b,
RESOLUTION NUMBER 99-5536
A RESOLUTION INITIATING PROCEEDINGS BY THE GOVERNING BODY FOR
IMPROVEMENT OF PORTIONS OF OHIO STREET AND MAGNOLIA ROAD IN THE
CITY OF SALINA, KANSAS.
WHEREAS, the Governing Body of the City of Salina, Kansas (the "City"), has
designated Ohio Street and Magnolia Road as main trafficways pursuant to K.S.A. 12-685 et sea.
(the "Act"); and
WHEREAS, the Governing Body of the City has determined that it is necessary to
improve or reimprove portions of Ohio Street and Magnolia Road serving as main trafficways as
follows:
Widen, reconstruct and improve Ohio Street; resurface Magnolia Road
from and including its intersection with Belmont Boulevard to and
including its intersection with Ohio Street; and construct drainage
improvements along such portions of Ohio Street and Magnolia Road
(said work being referred to as the "Project"); and
WHEREAS, reports, estimates and plans have been compiled and furnished to the
Governing Body of the City to provide them with sufficient information in order to enable them to
commence proceedings for the construction of the Project.
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF
THE CITY OF SALINA, KANSAS, AS FOLLOWS:
Section 1. Proceedings should be and hereby are initiated pursuant to the provisions
of the Act for the purpose of proceeding with the Project.
Section 2. The City Manager and other City staff are authorized to take all
necessary actions to proceed with the Project.
Section 3. The cost of the Project or portions thereof shall be paid from funds of the
City available for such purpose and by the City -at -large through the issuance of one or more series
of general obligation bonds of the City as provided by the Act, and pending the issuance of said
bonds, through the issuance of one or more series of temporary notes of the City, the estimated
maximum principal amount of such obligations being $4,500,000 plus costs of issuance and plus
costs of interest on any temporary financing.
Section 4. The City expects to make capital expenditures on and after the date of
adoption of this Resolution in connection with the Project, and intends to reimburse itself for such
expenditures with the proceeds of one or more series of general obligation bonds and temporary
notes of the City in the estimated maximum principal amount of $4,500,000 plus costs of issuance
and plus costs of interest on any temporary financing.
Section 5. This resolution shall be in full force and effect from and after its
adoption.
Adopted by the Board of Commissioners and signed by the Mayor this 22nd day of
November, 1999.
Monte Shadwick, Mayor
(SEAL)
ATTEST:
R. Weber, Acting City Clerk