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23-11148 Turf Maintenance and Replacement Fund"' "' (Summary published in The Salina Journal on April_, 2023) ORDINANCE NUMBER 23-11148 AN ORDINANCE ESTABLISHING THE "TURF MAINTENANCE AND REPLACEMENT" FUND PURSUANT TO K.S.A.12-1,118. WHEREAS , K.S.A. 12-1, 118 authorizes the governing body of any city which has formally approved a multi-year capital improvement plan setting forth the public improvement and infrastructure needs of the city on a prioritized basis to establish by ordinance separate, non- budgeted capital improvements funds in anticipation of receiving moneys budgeted and transferred to such funds for that purpose in order to account for receipt, investment, and authorized expenditure of funds in accordance with that purpose; and WHEREAS, the Governing Body entered into an agreement on August 3, 2020, with Salina Athletic Partners (the "Agreement"); and WHEREAS, Section 4.5.3 of the Agreement requires the City to establish a dedicated fund for use in accumulating funds solely for use in maintaining, repairing and replacing turfed surfaces at the Dean Evans Stadium, SO NOW, THEREFORE; BE IT ORDAINED by the Governing Body of Salina, Kansas: Section 1. Creation of Fund. A separate, non-budgeted reserve fund titled "Turf Maintenance and Replacement Fund", shall be created and maintained on the City's financial system to account for all funds and investment proceeds received and authorized expenditures made pursuant to the Agreement as it exists or may be amended by the City of Salina and Salina Athletic Partners. Section 2. Effective. This ordinance shall be in full force and effect from and after its adoption and publication once in the official city newspaper by the following summary: Ordinance No. 23-11148 Summary On April 3, 2023, the City Commission passed Ordinance No. 23-11148. The Ordinance establishes the "TURF MAINTENANCE AND REPLACEMENT FUND as a dedicated fund for use in accumulating funds solely for use in maintaining, repairing and replacing turfed surfaces at the City's ball fieldsto be administered pursuant to Ordinance No. 23-11148. A complete copy of the Ordinance can be found at www.salina-ks.gov or in the office of the City Clerk, 300 W. Ash, free of charge. This summary is certified by the City's legal counsel. Introduced: March 27, 2023 Passed: April 3, 2023 [SEAL] The publication summary set forth above is certified this 9 /.iaay of April, 2023. 2