94-4761 Bond Issue IntentRESOLUTION NO. 94- J i to
A RESOLUTION DECLARING IT NECESSARY TO REPAIR, ALTER, EXTEND,
RECONSTRUCT, ENLARGE OR IMPROVE THE COMBINED WATER AND
SEWAGE SYSTEM OF THE CITY OF SALINA, KANSAS, BY ACQUIRING AND
CONSTRUCTING A WASTEWATER TREATMENT PLANT FILTER PRESS
FACILITY AND RELATED IMPROVEMENTS AND EQUIPMENT; TO ISSUE
COMBINED WATER AND SEWAGE SYSTEM REVENUE BONDS IN AN AMOUNT
NOT TO EXCEED $1,500,000, FOR THE PURPOSE OF PAYING THE COSTS
THEREOF AND RELATED BOND RESERVES AND FINANCING COSTS; AND
PROVIDING FOR THE GIVING OF NOTICE OF SAID INTENTION.
WHEREAS, the City of Salina, Kansas (the "Issuer") is authorized under the laws of the State
of Kansas to issue general obligation bonds to repair, alter, extend, reconstruct, enlarge or improve the
combined water and sewage system (the "System") owned and operated by the Issuer; and
WHEREAS, the governing body of the Issuer hereby finds and determines it to be necessary to
repair, alter, extend, reconstruct, enlarge or improve the System, and that the costs thereof should be
financed by the issuance of utility revenue bonds of the Issuer, under authority of K.S.A. 10-1201 et seq.
and K.S.A. 12-856 et seq., both as amended and supplemented (collectively, the "Act").
THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF SALINA,
KANSAS:
SECTION 1. It is hereby deemed and declared to be necessary to repair, alter, extend,
reconstruct, enlarge or improve the System by acquiring and constructing a wastewater treatment plant
filter press facility and related improvements and equipment (the "Project") at an estimated preliminary
acquisition and construction cost of approximately $1,000,000.
SECTION 2. The Project will not cause duplication of any existing combined water and sewage
utility service furnished by a private utility in the boundaries of the City.
SECTION 3. It is necessary to issue combined water and sewage system revenue bonds of the
City, in an amount not to exceed $1,500,000 (the "Bonds"), under authority of the Act, to pay the costs
of the Project and related bond reserves and financing costs. The Issuer expects to make capital
expenditures on and after the date of adoption of this Resolution in connection with the Project, and the
Issuer intends to reimburse itself for such expenditures with the proceeds of the Bonds.
SECTION 4. Before contracting for or beginning work on the Project and before issuing the
Bonds, there shall be published one (1) time in the official newspaper of the Issuer, a notice of the
intention of the governing body to undertake the Project and to issue the Bonds; and if within fifteen (15)
days after the publication of such notice, there shall be filed with the Clerk, a written protest against the
Project or the issuance of the Bonds, signed by not less than twenty per cent (20%) of the qualified
electors of the City, the governing body shall thereupon submit such proposed Project and the proposed
Bonds to the electors of the City at a special election to be called for that purpose as provided by the Act.
If no sufficient protest is filed with the Clerk within the period of time hereinbefore stated, then the
governing body of the Issuer shall proceed to authorize the Project and to issue the Bonds.
ADOPTED by the governing body of the City of Salina, Kansas, on July 18, 1994.
(Seal)
Mayor
ATTEST: