04-6085 Initiate Proceedings1
RESOLUTION NUMBER 04-6085
A RESOLUTION INITIATING PROCEEDINGS BY THE GOVERNING BODY FOR
THE CONSTRUCTION OF CERTAIN SEWERS, STREETS AND STORM
DRAINAGE IMPROVEMENTS IN THE CITY OF SALINA, KANSAS
WHEREAS, the City of Salina, Kansas (the "City") desires to proceed with the following project:
The construction of streets, storm water drainage system and sanitary sewers in the Yost
Subdivision in the City (the "Project"); and
WHEREAS, the City is authorized pursuant to Charter Ordinance No. 33 of the City to issue general
obligation bonds to finance improvements in the maximum amounts per calendar years as follows:
Maximum
Improvement Amount
Streets $250,000
Storm Water Drainage Systems 250,000
WHEREAS, the City has not authorized the issuance of any bonds for such improvements under the
authority of Charter Ordinance Number 33 during the current calendar year; 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:
Section 1. Proceedings should be and hereby are initiated pursuant to the provisions of Charter
Ordinance Number 33 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, funds received from the Kansas Department of Transportation and by the City -at -large through the
issuance of one or more series of general obligation bonds of the City as provided by Charter Ordinance Number
33 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 $251,202, plus costs of issuance and
costs of interest on temporary financing. The portions of the Project to be funded by general obligation bonds
under the authority of Charter Ordinance No. 33 is as follows:
Improvement Amount
Streets $100,000
Storm Water Drainage System $150,000
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 $251,202, plus costs of issuance and costs of interest on temporary financing.
Section 5. That 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 21" day of June, 2004.
(SEAL)
ATTEST:
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Lieu Ann Elsey, City Cle
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Y4onte Shadwick, Mayor