95-4914 Auth Valley ViewCon d,ld3 l,,a
(Published in the Salina Journal August J1, 1995)
RESOLUTION NUMBER 95-4914
A RESOLUTION AUTHORIZING AND ORDERING CERTAIN CURBING,
GUTTERING, PAVING, GRADING, STORM WATER DRAINAGE, SANITARY
SEWER AND WATER MAIN AND SERVICE IMPROVEMENTS IN THE VALLEY
VIEW ESTATES ADDITION; ORDERING PREPARATION OF PLANS AND
SPECIFICATIONS AND THE ESTIMATE OF COSTS; AUTHORIZING THE
TEMPORARY FINANCING OF SUCH IMPROVEMENTS BY THE ISSUANCE OF
TEMPORARY NOTES; AND STATING THAT THE CITY INTENDS TO
REIMBURSE ITSELF FOR CAPITAL EXPENDITURES INCURRED IN
CONNECTION WITH THE IMPROVEMENTS.
WHEREAS, a petition was filed with the City Clerk on the 3rd day of
August, 1995, proposing certain curbing, guttering, paving, grading, storm
water drainage, sanitary sewer and water main and service improvements in
the Valley View Estates Addition; and
WHEREAS, the Board of Commissioners did on the 7th day of
August, 1995, find such petition to be sufficient; and
WHEREAS, the Board of Commissioners did on the 7th day of
August, 1995, duly adopt a resolution finding it advisable to make the
aforementioned improvements under the provisions of Chapter 12, Article 6a of
the Kansas Statutes Annotated.
NOW, THEREFORE, be it resolved by the Governing Body of the
City of Salina, Kansas:
Section 1. That subject to the provisions of Resolution Number
89-4066 establishing a development policy for the financing of public
improvements within the City of Salina, the following improvements are hereby
authorized and ordered to be made in accordance with the findings of the
Board of Commissioners:
VALLEY VIEW ESTATES ADDITION
Curbing, guttering, paving, grading of:
Foxtail Drive from the south line of Valley View Estates Addition to
the south line of Redtop Ridge;
Redtop Ridge from the west line of Markley Road to the cul-de-sac;
Bluestem Lane from the south line of Cloud Street to the cul-de-sac;
and
the installation of sanitary sewer main and water main systems,
to serve Lots 1 through 17, Block 1 and Lots 1 through 10, Block 2,
Valley View Estates Addition.
Section 2. The estimated and probable cost of such improvement
is $530,140.00.
Section 3. The improvement district is Lots 1 through 17, Block
1 and Lots 1 through 10, Block 2, all in the Valley View Estates Addition.
Section 4.
The method of
assessment shall be that
100% of the
total cost assessed
against the property
shall be based upon equal
assessments
for each lot of land
for street, drainage,
water and sanitary sewer
assessments.
Section 5. The proposed apportionment of cost between the
improvement district and the city -at -large is:
1. The costs assessed against the improvement district shall be 100%
of the total cost of street and drainage improvements, including
grading, pavement, curb and gutter, storm inlets and pipelines and
any incidentals thereto to complete the street and drainage
improvements, 100% of the cost for the installation of water mains,
fittings, hydrants, water services, valves and any incidentals thereto
to complete the water system; and 100% of the total cost of sanitary
c &W5. 1,u
sewer pipeline, manholes, service connections and any incidentals
thereto to complete the sanitary sewer system, except the following:
2. The costs assessed the city -at -large shall be the difference in
cost between a 6" water main and an 8" water main and all pipeline,
fittings, hydrants and valves north of Cloud Street and any
incidentals thereto.
Section 6. The assessment with accrued interest shall be levied as
a special tax upon the property included within the benefit district concurrent
with the general property taxes and shall be payable in ten (10) equal annual
installments.
Section 7. That the City Engineer be and is hereby directed and
ordered to prepare plans and specifications, and estimates of the cost of said
improvements.
Section 8. That
for the purpose
of providing funds to pay
the
cost of such improvements until bonds can be
issued therefore, the Mayor
and
City Clerk be and they are hereby authorized
to execute temporary notes
for
the City of Salina, Kansas, as
provided by K.S.A.
10-123 and 12-6a04, not to
exceed the aggregate provided
by law. Such temporary notes may be issued
by
Resolution from time to time as
required during
the progress of the work on
the
improvements herein recited.
Such temporary
notes shall be in the form
and
executed as provided by law.
Section 9. That the City Clerk is hereby authorized and directed
to make progress payments to the contractors for materials furnished and for
labor performed under the contract when estimates therefore are presented to
him which have been properly certified by the City Engineer, so long as the
aggregate payments do not exceed the total contract price.
Section 10. That the City expects to incur capital expenditures
on and after the date of adoption of this Resolution (the "Expenditures") in
connection with such improvements, and intends to reimburse itself for such
Expenditures with the proceeds of said bonds or temporary notes in an amount
which, depending on the date of issuance of said bonds or temporary notes,
may aggregate a maximum of $530,140.00, the anticipated cost of such
improvements. The Board of Commissioners has determined that the funds to
be advanced to pay Expenditures are or will be available only for a temporary
period and it is necessary to reimburse the City with the proceeds of a
borrowing for Expenditures made on and after the date hereof. As of the date
hereof, there are no funds from sources other than said bonds or temporary
notes that are, or are reasonably expected to be, reserved, allocated on a
long-term basis, or otherwise set aside by the City to pay the Expenditures.
This Resolution constitutes a declaration of official intent under Treasury
Regulation Section 1.103-18 issued under the Internal Revenue Code of 1986,
as amended, and the adoption of this Resolution is consistent with the
budgetary and financial circumstances of the City.
Section 11. This resolution shall take effect after its passage and
publication once in the official city newspaper.
Adopted and passed this 14th
{SEAL}
ATTEST: '(�
cX -
Jud D. ong, �i;
erk
day of ugust, 1995.
�IAIQ
John Divine, Mayor