20-11041 General Obligation Improvement and Refunding Bonds Series 2020-B Z
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ORDINANCE NO.20-11041
OF
THE CITY OF SALINA,KANSAS
PASSED
OCTOBER 19,2020
GENERAL OBLIGATION IMPROVEMENT AND REFUNDING BONDS
SERIES 2020-B
NOW,THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION 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.
rere
"Act" means the Constitution, including Article 12, Section 5 thereof, and statutes of the State
including K.S.A. 10-101 to 10-125, inclusive, K.S.A. 10-427 et seq., K.S.A. 10-620 et seq., K.S.A. 12-110c,
and K.S.A. 65-163d et seq., all as amended and supplemented from time to time.
"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.
"Bonds" means the City's General Obligation Improvement and Refunding Bonds, Series 2020-B,
dated November 19, 2020,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
111 appointed Deputy,Assistant or Acting Clerk.
"Director of Finance"means the duly appointed and acting Director of Finance of the City or, in the
Director of Finance's absence,the duly appointed Deputy,Assistant or Acting Director of Finance of the City.
"Governing Body"means the City Commission of the City.
"KDHE"means the Kansas Department of Health and Environment.
"Loan"means the KDHE Loan for KPWSLF Project No. 2841 between the Issuer and KDHE,dated
January 13,2014,maturing August 1,2036, in the aggregate outstanding principal amount of$3,520,775.
"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 Bonds" means collectively: (a)the Series 2010-B Bonds maturing in the years 2021 to
2023, inclusive, in the aggregate principal amount of$745,000; and(b)the Series 2012-A Bonds maturing in
the years 2021 to 2027, inclusive, in the aggregate principal amount of$1,185,000.
"Refunded Loan"means the outstanding principal amount of the Loan.
"Series 2010-B Bonds"means the City's General Obligation Refunding Bonds, Series 2010-B,dated
October 15,2010.
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"Series 2012-A Bonds" means the City's General Obligation Internal Improvement Bonds,
Series 2012-A, dated July 15,2012.
"State"means the State of Kansas.
"Substitute Improvements"means the substitute or additional improvements of the City authorized
w in the manner set forth in the Bond Resolution.
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Section 2. Authorization of the Bonds. There shall be issued and hereby are authorized and
directed to be issued the General Obligation Improvement and Refunding Bonds, Series 2020-B, of the City
8 in the principal amount of $8,450,000, for the purpose of providing funds to: (a) pay the costs of the
Improvements; (b) pay costs of issuance of the Bonds; (c) prepay the Refunded Loan; and (d) refund the
Refunded Bonds.
Section 3. Security for the Bonds. The Bonds shall be general obligations of the City payable
as to both principal and interest in part from special assessments levied upon the property benefited by the
construction of improvements fmanced by the Refunded Bonds and, if not so paid, 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 balance of the principal and interest on the Bonds is
payable 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.
Section 4. Terms, Details and Conditions of the Bonds. The Bonds shall be dated and bear
interest, shall mature and be payable at such times, shall be in such forms, shall be subject to redemption and
payment prior to the maturity thereof, and shall be issued and delivered in the manner prescribed and subject
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 and/or assessments upon all of the taxable tangible property
within the City in the manner provided by law.
The taxes and/or assessments 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 and/or assessments shall be deposited in the
Bond and Interest Fund.
If at any time said taxes and/or assessments are not collected in time to pay the principal of or interest
on the Bonds when due,the City 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 and/or assessments are collected.
Section 6. Further Authority. The Mayor,Director of Finance,lerk 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
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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 and publication of the Ordinance or a summary thereof in the official City
newspaper.
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PASSED by the City Commission on October 19,2020 and SIGNED by the Mayor.
F' (SEAL)
Mic ael ppock,Mayor
a
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ATTEST:
Shandi Wicks, CMC,City Clerk
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3 (Signature Page to Bond Ordinance)
(PUBLISHED IN THE SALINA JOURNAL ON OCTOBER 23, 2020)
SUMMARY OF ORDINANCE NO. 20-11041
On October 19,2020,the governing body of the City of Salina,Kansas passed an ordinance entitled:
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AN ORDINANCE AUTHORIZING AND PROVIDING FOR THE ISSUANCE OF
GENERAL OBLIGATION IMPROVEMENT AND REFUNDING BONDS,
SERIES 2020-B, OF THE CITY OF SALINA, 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
RESPECT THERETO.
The Series 2020-B Bonds approved by the Ordinance are being issued in the principal amount of
$8,450,000,to pay a portion of the costs of certain public improvements and to refund previously issued general
obligation bonds and a KDHE loan of the City,and 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 personal,within the territorial limits of the
City.,A complete text of the Ordinance may be obtained or viewed free of charge at the office of the City Clerk,
300 West Ash Street, Salina, Kansas 67402. A reproduction of the Ordinance is available for not less than 7
days following the publication date of this Summary at www.salina-ks.gov.
This Summary is hereby certified to be legally accurate and sufficient pursuant to the laws of the State
of Kansas.
DATED: October 19,2020. of
Attorney
EXHIBITA
BID TABULATION
CITY OF SALINA,KANSAS
GENERAL OBLIGATION IMPROVEMENT AND REFUNDING BONDS
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w BIDDERS
N Bidder Name TIC
Robert W. Baird & Co., Inc. I 1.578230 j
Huntington Securities, Inc. I 1.776147 j
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A-1
EXHIBIT B
(BID OF PURCHASER)
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