94-4735 Auth Bond SaleRESOLUTION NO. 94-4735
RESOLUTION AUTHORIZING THE PUBLIC SALE OF $1,175,000 PRINCIPAL
AMOUNT OF GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS,
SERIES 1994-A OF THE CITY OF SALINA, KANSAS.
BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF SALINA, KANSAS, AS
FOLLOWS:
Section 1. The General Obligation Internal Improvement Bonds, Series 1994-A of the City of
Salina, Kansas (the "Issuer"), in the principal amount of $1,175,000, as described in the Notice of Bond
1I Sale and Preliminary Official Statement attached hereto as Exhibit "A" (the "Bonds"), shall be offered
at competitive public sale with sealed bids on May 16, 1994, at 2:00 p.m, Central Daylight Time.
Section 2. The City Clerk is hereby authorized and directed to receive sealed bids for the
purchase of the Bonds on behalf of the Issuer at said time and place and to deliver all bids so received
L to the governing body at its meeting to be held at 4:00 p.m. on such date, at which meeting the governing,
j body shall review such bids and act on the acceptance of the best bid.
Section 3. The Preliminary Official Statement, dated May 2, 1994, is hereby approved and
Of final" except for the omission of certain information as provided in the Securities and Exchange
Commission Rule 15c2-12, and the City Clerk is hereby authorized to use such document in connection
,!with the public sale of the Bonds.
Section 4. The City Clerk and George K. Baum & Company, the City's Financial Advisor, are
hereby authorized and directed to give notice of said bond sale by publishing a notice of the bond sale
or summary thereof not less than 6 days before the date of the bond sale in the official City newspaper
and the Kansas Register and by mailing copies of the Notice of Bond Sale and Preliminary Official
Statement to prospective purchasers of the Bonds.
Section 5. The City Clerk and the other officers and representatives of the Issuer are hereby
,authorized and directed to take such other action as may be necessary to carry out the public sale of the
!,Bonds.
Section 6. Redemption of Tempora[y Notes. The redemption on June 9, 1994, of the following
temporary notes issued to finance the project pending the issuance of the Bonds is hereby authorized:
Maturity
Series Name Amount Dated Date Date Holder
PT -111
$211,000
09/01/92
12/31/94
City of Salina, Kansas
PT -113
$197,000
05/01/93
12/31/94
City of Salina, Kansas
PT -115 $620,000 08/01/93 12/31/94 BANK IV Wichita, N.A.
Wichita, Kansas
The City Clerk is hereby authorized and directed to give notice of redemption of such notes in
accordance with the resolutions issuing such notes, such redemption notice being in substantially the form
Wached hereto as Exhibit "A".
Section 7. This Resolution shall be in full force and effect from and after its adoption.
ADOPTED by the governing body on May 2, 1994.
Mayo