23-11147 Salina Airport Authority General Obligation Bondsr
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ORDINANCE NUMBER 23-11147
AN ORDINANCE UNCONDITIONALLY APPROVING THE ISSUANCE OF
GENERAL OBLIGATION BONDS BY THE SALINA AIRPORT AUTHORITY FOR
THE PURPOSE OF FINANCING THE COST OF CERTAIN CAPITAL
IMPROVEMENTS LOCATED AT THE SALINA REGIONAL AIRPORT AND
AIRPORT INDUSTRIAL CENTER.
WHEREAS, on March 15 , 2023 , the Board of Directors of the Salina Airport Authority (the
"Authority") adopted a resolution (the "Authority Resolution ") conditionally approving the issuance of
$10,23 5,000 (exclusive of costs of issuance and any temporary financing costs) of general obligation bonds of
the Authority to pay a portion of the costs the cost of certain capital improvements located at the Salina
Regional Airport and Airport Industrial Center, including, but not limited to:
• The design and construction of General Aviation Hangars at the estimated total cost
of $3 ,005 ,856 (the "General Aviation Hangar Project")
• The design and construction of improvements to Hangar 62 6 to house aircraft
modification , maintenance , repair and overhaul operations at the estimated total cost
of $6 , 174,608 (the "Hangar 626 MRO Project")
• The design and construction of an above ground aviation fuel facility and all
improvements related thereto at an estimated total cost of $8 ,481, 108 (the "Fuel
Facility Project" and together with the General Aviation Hangar Project and Hangar
626 MRO Project, the "Projects ")
as authorized by K.S .A . 27-315 to 27-326 , inclusive ; and
WHEREAS, the total cost of the Projects paid for by general obligation bonds of the Authority shall
be as follows :
Project
General Aviation Hangar Project
Hangar 626 MRO Project
Fuel Facility Project
Amount
$2 ,015 ,000
5,570,000
2 ,650,000
WHEREAS, K.S.A. 27-323 provides that the Authority shall forward a copy of such resolution to the
Mayor of the City, who shall present such resolution of the governing body of the City for its approval or
disapproval.
SO NOW THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY
OF SALINA, KANSAS AS FOLLOWS:
Section 1. The Authority Re solution providing for the issuance of not to exceed $10 ,235 ,000
(exclusive of costs of issuance and any temporary financing costs) of general obligation bonds of the Authority
for the purpose of financing a portion of the costs of the Projects as set forth herein is hereby unconditionally
approved .
Section 2. That this ordinance shall be in full force and effect from and after its adoption and
publication once, or publication of a summary thereof, in the official city newspaper.
600597 .20047\0RDINANCE (SALINA AIRPORT AUTHORITY -MRO & FU EL FACILITY PROJECTS)
PASSED by the commission the 3rd day of April, 2023, and APPROVED by the Mayor.
Introduced:
Passed :
March 27, 2023
April 3, 2023
600597 .20047\0RDINANCE (SALINA AIRPORT AUTHORITY -MRO & FUEL FACILITY PROJECTS)
(Published in The Salina Journal on /Jpu~J 7 , 2023)
SUMMARY OF ORDINANCE NUMBER 23-11147
On April 3, 2023, the City of Salina, Kansas, passed Ordinance No. 23-11147. The
ordinance unconditionally approves the Salina Airport Authority's issuance of general
obligation bonds and/or temporary notes to fund certain improvements. A complete copy
of the ordinance is available at www.sa lin a-ks.gov for not less than 7 days following the
publication date of this summary or in the office of the City Clerk, 300 W. Ash Street, free
of charge. This summary is certificated to be legally accurate and sufficient pursuant to
the laws of the State of Kansas by the city attorney.
Th publication summary set forth above is certified this Y 1 ay of .4 ~J L
7 '2023.
600 7.20047\0RDINANCE (SALINA AIRPORT AUTHORITY -MRO & FUEL FACILITY PROJECTS)