6016 Public Park Bonds1
(Published in the Salina Journal
ORDINANCE NUMBER l
AN ORDINANCE AUTHORIZING AND PROVIDING FOR THE ISSUANCE OF
PUBLIC PARKING FACILITY REVENUE BONDS, SERIES
PA -29 OF THE CITY OF SALINA, KANSAS, IN THE
AGGREGATE AMOUNT OF $60,000,00, FOR THE PURPOSE
OF PAYING THE COST OF ACQUIRING AND IMPROVING
LAND FOR OFF-STREET PARKING FACILITIES IN SAID
CITY PRESCRIBING THE FORM AND DETAILS OF SAID
BONDS, PROVIDING FOR THE COLLECTION AND SEGRE-
GATION OF THE REVENUES OF SAID OFF-STREET PARK-
ING FACILITIES OF SAID CITY FOR THE PURPOSE OF
PAYING THE COST OF THE OPERATION AND MAINTENANCE
OF SAID OFF-STREET PARKING FACILITIES, PAYING
THE PRINCIPAL OF AND INTEREST ON SAID PUBLIC
PARKING FACILITY REVENUE BONDS, SERIES PA -29
AND MAKING CERTAIN COVENANTS AND AGREEMENTS
WITH RESPECT THERETO,
WHEREAS, the City of Salina, Kansas,(hereinafter
sometimes referred to as "Cityfl) pursuant to the provisions
of Sections 13-1388 to 13-1391, inclusive, 1953 Supplement
to the General Statutes of Kansas, 1949, and any amendments
thereto, duly conducted a survey and investigation for the
purpose of determining a suitable location for off-street
parking facilities in said city, and the approximate cost of
acquiring and improving land therefor; and
WHEREAS, upon the completion of said survey and
pursuant to the statutes, aforesaid, the governing body of
said City duly adopted a resolution on August 30, 1955, deem-
ing it advisable and of benefit to said city to acquire said
lands and to improve the same for off-street parking facili-
ties; and
WHEREAS, said resolution further provides that the
aggregate amount of money to be expended for acquiring and
improving such lands shall not exceed $60,000,00; and
WHEREAS, said resolution further provides that
revenue bonds shall be issued by said city in said sum to
pay the cost thereof; and
WHEREAS, said city is now fully authorized and em-
powered by said statutes to acquire said land described in
said resolution and to improve the same as set forth in said
resolution to provide off-street parking facilities and to
issue and sell revenue bonds in the principal amount of
$6000000 to pay the cost thereof; and
WHEREAS, the City Engineer duly prepared plans and
specifications for the improvement of the lands described in
said resolution for off-street parking facilities; and
WHEREAS, said engineer therein determined that said
lands were adaptable to use as an off-street parking facility
without the improvement thereof; and
I
YHEREAS, sq"d engineer filed a verified estimato
of the cost of acquiring sail lands for such ure , and Fuch
71ans, snecifications, and estimates were dull filed in the
office of the City Clerk and were qrnroveO by the 7overninZ
bo i-. of raid city; an,i
WHEREAS,
the 7overning body of saM city hereby
finds an! determines that the cart of sail lanir Ind imnrove-
�PntF vill bp the rum of t60,000,00, and that itis necessar:,-
that the city proceed forthwith to issue its public park!nF
facility revenue bonds in the principal amourt of 00,000,00
to 7cquir; Enid land dezeribed in said resolution; and
WHEREAS, the governing body of the City of Salina,
Kansas, by Ordinance 7,ember 5266, passed December 15, 1947)
provi.5c, for the installation and use of on-ntreet rarkinF
metcrs in said city, and pursuant to the provisions of said
or6inancs charges have been and are now being imposed by
said city` under the terms and contitmoons snecified hy the
city for the privilege of parking vehicles in said city; and
�HSAEAS, the governing body ofsnij city mc� Lurv-
"Mr rovile for the inst0lation aM use of addiflonp-
',
.ArMnn Peters in said cny, ln. nE both on-stroc, ,-'r ,_
ye"w= an! off-street ppy�LrL nwt-2w; ane
AHZAE�L, under 21..'_ jurruont to Ordinance Number A32
yassed innuary 25, 1955, the Eoierning body of raif city d''
7rovide for UP !Esuancc s7 "2"?J00.00 in revenue hands,
belrZ Fublic Parking FacUltX Fevenue 7onds Eerier FA -1, Ar.
or.'er to acquiry lands and Amyrovc the same for off-rtrnet.
cark! nj foci!Y ien ; nn,�:
7:n inS, "171,000.CO in prLnclral anourt of son, '
bondn ary now 0VUt7M!nZ nn[" _-re and will be raramorrt nn-�
_.O< +O to the bon6r hercin autborized; 3n::
=PEAS, the sequfrition of the land ns hernir rro-
vi"el anA the use and devalo-rent of the sane ;F an off-Arecl:
pvnV2rr :nnfllty niM not m&Pr- ?127 reduce the not rryvrue��
ivrl-e0 the city from theoperntion of vxfrtin7 off-rtrvet
7arOW facilitier; rn-'
7H7FVS, the issavnee of the bon0s Cif rpin -rov!Aer,
for vf17 not rnferlala y -Aver se?7 ef"net therecurity- of thr,
Fr>71e F,rkinn Facility Revenue Bondr, Serior FAV, eforeFol";
77FKTAS, the issopnee of bonds herein 7ravAhed for,
belnT Series FA.Z, is not inconsistent with but a variqtTor
of the .<o 7`... ro Arsued under OrMname "a, 5?17; anfl
FO, 70W. 7HY71FUR, 07 TT OFM=7 P- THF 7oAFp OF
C0YYTS5T07T?S OF -HE CITT OF SALINY, FANMSf qs Fonoys:
Sectlon_j. 7hat for the ror7ose of rrovilirg fnrn
tO 7PY the cost of nrquirlrg nn! Arrrovinr InM for off-rtrev4
rarkinr facilities in s&H city, lercribel in the rproUtion
aGo7ted by the govern inU body of sell city on Arq"rt 10, 195f,
the' r_; arm hereby authorl?ed nnd airpctM to be issued an lssrr'
of negotiable intereFt-bear5n7 Fuhl5c ParklrC Facility Fevenre
7on4r, Series 7A.2, of the City of 3,11r7, Konsns, in tY
rrinciral aroun, of "(0,000,00.
I
Sectiop,L. Sa.14 issue of Public ParkArr
Te7enre 9ondr, Serjer FA -7, of the City of Salina, KanrP5,
PhO2 consist of 60 bonds numbered I to 60, incluvfoe,
ench of sa3d bo2"6s being in the denowiretion of 01,000.00.
All of said bondshall he dated Deennber 1, 195f, ind rnt'�
bonds shall be numbered and MAI becorr due serielly on
Tece7hpr 1.^+ of certnAr yccr-, as fol lays:
IT 0) TP A L
if,000,0(.)
'5,000,00 lair
. 7 of Tait hon Ar runIcrW ' to 10, irriunivn,
EMIT henr ArKere pt st the rat of thrpr -nr rent K") 7er
annum, M of Enid Anteront AV! be 7nyonin nnnuplly or
�nrevhyr ist of each ypnr.
Eai; banir ani interest coupons, which APIT be
rttReW tHereto ns hereinafter rroviaeK, PhOl be raynh7r-
in inwful konny of the Unite! Kfnter of America at the offIre
of the Mate Trpesurer of the qtnte of Fans?n in the city Y'
107e, n , 7an Yn n .
Snl& bondv aW the interest tbareon sholl Om rp
!hip e=w?rTTvKZ fron the net reverur CorivP6 by sOr WQI
fror, t o-ar-tion. of off-street rark-. nr OrtIT41es of
city Rcquirej with the nrorped5 of the Fohly" KwKnr 02cli!Q.,
7evenue Ron6s, serier rA.,, hervir outhor3ye6, rroviKed `,h. -t.
if Furh "evenncF nro innyff: Kart to ray the interest an(,
nrinni-nT of rat" bonds n5 the rann become !up, the governin,.:
hoQ V said city FhP17 mpkr un sny ;ter irlpncy from the revenneE
4erived by sa.... 6 city fror on-A.reph varkinr reterr now or hr -r -
Mor 7rstnl7r•:._; nrovile", hov,ver, thnt the over of r-"'
KQ to make u7 7ny lefirlency from the revenLes drrlwef b. -
the city fror on-Areet rarkfnr meterr now or herenftc7 !n-
rt'lle-, ns aforespid, i; junior 7nd FulorKinate to t I ' y
to mahp �y any �cf;WencZ for the 7"rnorp of 'ai'. the rr�nr!_
--' nnC interest of the 01"tstanYY7 Public Parking FirMV
7 evenuelon�r, Serier F_-' , here! r4rforp referrrA to -n"
A'rnVfAv!, on"r hore!o -rov'Y,7 "or shall not br or rorrt'
tnty 7crnrai ohlimtIonr of rnA" cl4y, 7n� --'Yrh7K
hr7v no r1rht or ,,t nor:..' to -vy WOnr the -YW-n! of o7
ont're st an rnie hon"s.
tiff Lon bon�- hervir ?ti't'le_ ?F_'' shall by ?n& nre hrrFh--
�0012W6 to On n snarlfAe Mer, an the lyndr and Tmnrnvnrnrt
�Qpqlre� nn V conrtructeif with the nrocee47 of W& bon"s,
qn" -17 the rryrnrer derAve4 fror VAn 77critior thereon o-,-
off-7trect -arking facTlItAcr,
HOW. a. F- V �nr " 7 07 11 "a on 7npby thy --: —
-n ' rhnll h -7R the corrior-tv ro-I if the city xifljxyt par - i n,
.KoFtW by thr c�t� clerp, 7enotInVP lnterrrt rci-nr- FI:7'
V -ti,-rhe'. to hanKr rr-rrrcrtAnF the intcrPrt in
tnc-ron, rr� rn'- Trierprt non7ory rVII bonr the Nc-ln"7,�
rl7n%turer o7 the viyor in7 c!Q cirri of ynji C1Q.
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DT !be rerjer of nhych th's ocn� 'r
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Fa i I i t evenue "3onde--, Serle,,z PA -1 , heroto'n-E, ls,7ur'
R nr-j.ncinal of t176,000.00
.1- - thereof 'nel; nF
now and iinraia.
h boni not -I be or con -
a general obligation or i ' ',I,- city o -r'
ani s h a I I not be taken I,rto ancotAnt or ar,-=T wry e be a 1. im Ita -
ti,on upon the )ower of sa-ld city to issue bordF for an�, other
:,rose, cit- shall have no right. or atithority to levy
to 1ra.- the nrincinal. o- or interest on th-'s bon,or
I j a� Inst the cit, on accol-ant, thereof
04, ---n! *
. ....-An,i, anG psi ipre-).v co--nanf--- wIth
'noler of thi- bonry to !,eer, f4n,i nerform !41-7 W -
:4,S- re r.,ryn t, c c onta i n r. 3 1n the oro 1- nq ne (-I of SR i -i (`1t -,'I tho r
inc- the
is. t)n nee of file Tr.bj, i r Fn ri.,:I.nf� Fn n 111 t 11, ,on,l
S e i
tY 0 f wIn I o h t h s lo o n O n P., 31`?
i t + h t an -1 c 0
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t.n!7 Or fe'C c 1 0 t.L1f urr o ^ + he o ci r e f- t, T- -a r k n r n
o S,7, A -1 C' r e d w i; t h t h e r r o c P, d 7-, o f t h- e s s u (-- o Ir, o r 4
0
wh"r�h -th--'!7 bonc; As one, i-,7hicb tof7ethr-,- 1,,�,ith the reuse'~ ,c_
le"I"..VP-4 .".pro) o-3_:7tr-i?t rarkin- meters, wl.11
s
a..* cl on+ to nro-,-_;I-Je fun.,Ir to rn;' the cost of th(, orcratlon
C, 1
ani maintenance of said off-street parking fai itle
n the cost of installation, and reralr of r7,rIk_
r,.ctprs therein, and to n the -prirci-ral of and intlerr�t.
on this bond and all other bond_- of the issue of whi-ch
tori- -1-s one, as an,: when the same become -iiip, rin,� to
,71 �ecuate reserves therefor; th,,it the cllo-
(!itlon of on—treet meter revenuer to the
is he and it IF her, -b-- to '0�7-
I_,, n L or r.i. n Si , b o I n --, 11
7
,o t'll-le clv' of the ('It-, to o-: e for t1ri- of 0i1,- I.0
O-, borr� h�^,- beon rel-..',rtprvri ir th,-- off"ce o'
t h t 7� " " - -' .1. t h �, r -; � ', -
o o f �i I `_ n a a n �7 a a n,� n t h
of the )^�-k;ditlor o-- the :7t.ate of "n.nfias, an! this bond and I -h(-.,
ntereoacoi)-rons attache -'i -,re nc_-otinblp -in-]
n -
A I *1
4- 1 s hereby cert.. -'.7e+: , rec i t- an'.? I eclam-:-1
Lh-t a11_ acts, cond.tlon. 7 ana thin, r r e qC 1, - e� d to P r_i. -1 t
-erformod nrecd-.'fent -to !in:' In the.
irFi - --ince of '-oo'
tn P_ 'Public- Fark`n;�-
L 7�ra lity revenue RondF,
ssu(-� of 0 -,
Ps PA-`, of which thir, bon -,i s o n e II -i o r- e r t10 P ^'<F3 t. r) e
7,,-a ,-i p I.eFa'-,. an -3 binil.n- ob'Ai;t,o o c c 0 r
t'ne '--rms, hereof,
60 ey._I.Ft, hrive hn,nnerr.a tn,-i hn-,7tbeen
?fir
. in Chit t.1.m(7-, , f or-. -.� n,': manner P, s 1.7,qu -1. re -' by thf- (-'o n 7,
S
-},J.'Lon and la -w s o file - tate of
n
t h (7 '711)3,
o2' 'loner::, ',I f;i.- c .53 1 t s d +.},.i
t0 jt F an, C - et 0
I t -nal t o b e 1
4 +
-inn th e lntir,�,I.
' I- E", 0 a t t,-; C I E-`
to be r 1 r-net, t'h t h e _r-. c sI rri I o
of_ficer,�, a
:)on i. 1 t p a t h i s
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!7 r �ilor to
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being
Pub! A c
PA -7,
To.
twelve (1 2) months interest Jue on its )
Parking Facility revenue PonQs, Series)
dated December IV i955.
AtLest:
a colmil, P.
valor
(facsimile)
City Clerk
Jett: on t he 7ayor nnK
fit7 Qlerk are hereby author-
ized and JirectM to orerare and executp the bon4T hprvinbefore
A -scribed ani to rrocure the prover re7lFtritlon th-rpoO, and
when duly executed and re7istet e6, Fill bonds shall be del'vere7'
to Frnn% L. Merha-lt, thp contrant norchqser tharrof, unan re -
c -i -t of the rurchase 7rine thnrefor. -hv rrinvi7al 7mount re-
relve6 from the sale a' said and rho!be emnlorea an! used
^;,`said City for the role rurpose of acruirinn 7iW for off-
rtrept parkinr facilities A saij 71t� Ascribed in raH rcno-
intion adopted by the 7o"Ter n!n7 bo9y of said city an ""C. St 30,
:jff, in accordance with the -Anns anpecifications therefor
rrepnred by the City Enrineer, an flip with the CUI 01ark, in-
vlv�ln7 any alterations in or amendments to raid nians and
specifications prenared by said Engineer, and appAved by tW
Fovernim body of laic City.
Section 0, There is herwbcreated in the tre%sar,,,,
Of the City a special fund for the 7"7nose of handlinn YA,
recu!0 ond ilrburnerant of all revenues deriweH by the 71%,
fron Ae oper%tion of the off-rtreet -Irking facAlAtTer W'
cv!" 7MI acquirei uith the rroceeju if the Frblir Parklr��
ACTYly he7cnue Bonde, Series FA.2, herein authorized, to be
knovn and hereinafter 2eferred to rs the "Public7ark3n,--,
Untiony Qvratina Fnn% So lonr ..,r qny of he 7rblkv Fark-
inE 7acility Revenue Ponds, Ferlez Pn-7, of the rity of SaYnn,
Kansns, inted Decerber 1, 195f, here Y`! nuthor5yPK renalt out-
rtandinF and unpaiK, the City of Salina, Kinrar, covenantr in!
n7reer thnt it will mmintair saij "Prblic "arv!rr 7tationf;
Gier7tinri Furd", and that all of the revonuer derived hyrof(-
�itj from the o7ervtion of the of"-rtrert rarkina rte' ciliMps
cf so!) City acqLireV with the rracecln a7 !he 7LI11v 7arki-
Fz&7!ty 7evenup Rondr, Wylpr 11-7, herr'r nrihar!ne� MV
Us -110 nrl He-o&ted into r7Ld "Fuhily 7arnrp Ftrtlorw olerst-
Jn;,-- Fvnd", and that the onne will not be c'-rth the othp_
f"n�r of rail 7ity, Sald F17na-sh-7 ho uses fo- !he r-yTrH
of operytion" T an! mntrtenance contr ofr-Krect 7irk-
lnZ Tarlifticr, invIu-'n7 the cost o? irr,717Rtion, mp!ripnrr"
-r" rvoqAr of -arALnr neterF ther-Yn, 'he reVroTrnt a' th-
rcvnnn�, bonds issuP4 hereunder aW For the -a7rrr,of inturnF,
therpon.
S
Ce 1,211_17 , There is hernb� c-yntpi in thn tr-n-"--
of th- City ; Ankln; ,in for thp -ijmnn� of Fnh"Av 7-rMV
Tnaill'y Revenue 7onds, Serler 71.2, of the QQ of Ral*np,
Tanrns, dated December 1, 1955, hrrKn -Pt4or_ nri, nno th-
in! e,yrt thernon, W S pun 4 to be i. o; z nn '-i c, n 7ter r-fev"p
Va r- !he "Sinkinr Ound for 7uhlyr TArKr7 7acllftT Fewerne
on1r, Serips FA -2% nrl ro lony on r -Y of V-;9 T�hlv- 7prp,r
I
I
1
un -leverve on , Series FA.2, remain outstanding and
he 7ity of salirn, Kansas, covenants and a7rpes thnt at nil'!
madnWin said sinkinE fund and will UnInkster the rnsr U.-
ircordance with all the 7rovisionr: contnYned in W7 or4irnnen)
2ubject to the rroul-rions of the rtatuter of the Onto a,-
Tnns?r aFrllcabie ther-to, •ifter raging the cost of th- o-er�-
flor on& rrinLenpnee of the orf-rtrapt 7nrHrr f7nj1jtInr V
71ty, acquirel wilh the -rocepir of Public Farkir- -7P7`Q1
Ronds, Series Pn.?, hereir quthorlyed, the MKI "11 7
Vrot day of each north hp7i nnarr vith tbn a-rO ni n -
off -street parkirg f7rijn� nequirej vith nuch -rnnr-'.,
n7 r -di bonds hervir nuthorA7W, 7M continvinr the rrrNor
lon7 -a any of the PubITP FarbinF innijity Revenue 7cr�n,
FeNry PA -2, remaAn artrtvn0!nF ind unn&!, =6 to ray 711
nor!-; then rennininj in Faid Tr7clic PINW7 Station. C-er7t-
1w "und from the faclUtles acruired as Y revult of th-
Lsf4nroe of the bonds herein -vQn-jjp&unto r7W "Finkin
for FU411P Pirkin7 'WIli, V 7n -en- 2orlp, Ferlw- 1 __!-,
fly nmonrtF nail and devoFited in sail "SinklnF
Fun'. for Puhlir FarklnF Facility hevenne Ponds, FeVeF PA.71,
MY he expended and used by said City "or the sale r"rposr,
of 7aling the interest an and Prin0r,al of WA Public Park-
Anr Facility Revenue onds, Series FA -T, dated necember 1,
195f, an herein authorized; -rovided, hove7sr, that an.-
monion in sa?A "Shnkinq 7und for Public Fn-MnE FiclUQ,
Vc7nnuv Rands, Series pr 2" in exress of the nnoont rrqn!r-,`
to nnT the Interont on nnd princip& of the %Mc Fnrk7ns
0 veIIIII Fevenue "ands, SerjeF TA -2, herorinr due on fV,
reyt interest and prinal7ni rn7lnE later, thnt ir nr o7! 5r -
r Ono We Ylthtr thorr (2) Verr- of rn: "!-n data fror Mor,
to tywo, WY bP hY FV� Cit; enrloyed for Yhcr �nvNl.
"t.'. '"'oras
Sehim,V, in the event that the revo-oes frorn
the off-rtrppt -YrWnF Oc*11t; ncquirP4 as a consequence o -I
tho irr-ance of the bon6s herein authorized are in-yMclont
to .'C7'. ids for the payment of -rdnclral and fnterest Are rnr,
to becomp U- on Fvch bon6r, FA;j ritj rVIT M74P V- nrY 7r&,
"-firlonn fron revenven 4erAv-; fron on -rt --rt -,Wr-
17 n57 or herryffer irntnTle" ani -ap thr r1re Into .Ij FV,n-
inr Fnn6, -rvildej, however, thir 7rovirion is vuborVr7te to
Op r7oritj of right to Fueh rpvenver 7 -on nn-rTrrrt lyrn!r-.
0010M to im MOMW to the rayrent of "ntrrcrt ;rK
17a nn� tO 000010 lue within the current :err on 7"Vic rpr>_
M 7onF, eres .1, no ride "nY -YovHY'
ir Unt certain Oreinancumher 5912, nfarnrplx, 7hp -iQ,
of 4911ra covennntr PnQ nqrens Wat it vin keer irtnet 07
rpvonues 6erive& from on-rtreet rark5n7 metprr. dur!nF PYN,
jear =6 will mike no rnynentF Qt of or ohnr7er arainsf nil''
r-verLe other Mn renconabic rn� YctuM exrenser of th-�
o7rrrtlon anj mVntenxrce oT thn on-rtrrot rnrkin- net --s Y'
pr!" "Up, nW thq Mr"orr!Pte annlicable imount of Wprvpt,
nrV r-Inciral to be UP nn& ywv4ble durArr any such jenr or
thu VvyVc Fnvyln7 TWITty 7evenup TondF, ferips TA -l.
Sectign,j. 7hp rtt� n7 ClYrnl Innuir, novvn�nl-
YDA �-ch of thr rLrch7vers in� ownvrr of nn- of thp 7rWc,
Fr. ,_,itz evenue 7 on TE , Per' or ^`- here 5 n i -i h or! -P�
On" no lonF iF any of ra5l bor0s remain outntanding nnn
1
1
() The City of Miry, , an,` n s will f' r _-
li.sh, ?' 0 nt ii n and collect ruch rRtes or fees to
chn r',rs for the use of the off-street, "',,"'.?' k i.n; fo r- o , -
t .t s of soil City acquirrK with t Aja nro Pr of th—
herein authorized, Miph o:nther with the rev noes
,reet narkint- meters neI''. Vf�':. from 02`- + _ _ r _..i., 7rolnce
revenues sufficient to nrovide Ards to 7ay the Cort.
of the, o-�-er°nt icon an., ma;i_r t nnonce of said a `'.`' rt.rret
-arkInE 'acxlit.i.es of said 7i_ty Pnd ..o i,ay the
n^i nci•r=.l of and interest, or the rThl r y a k i.nF Fnc!l i t,r
Revenne '_`onds, Series F;-.', of sail Cit herein ant.'lor°-
a7ed, as and when the have became 4up.
(;^) _:one of the facilities or services affordU
by ra_.l offrtreet parking facilities of said City will
be fu—n?-,m to any user (exce,~t.inF to the Cit- ,hell)
without, a reasonable char - e beInrr r^..^,de therefor.
(c !he city P131 PrtMish such rules ani regula-
tions covering the use 3n" operation on of sa.__f f- n
O �trf t.
psrkin.7 facil__t,.e's of the City as ray be necessary or
arnronrinte for the efficient and economi,cal o-er,nti.on
of Ont r fled . t.i.es.
(d) . ,TiQty 1,
e . �- T� l l maintain . _ n a-� n , f-�- t w..,o F, t
narki-nC facilities in goo" rerair and it re.ason?ble
cost.
(e) The Cit; will enforce i o^^ nPncnF, rego-
l_u ions and regulations of thp My re:i + tin _ to the
r,arkinE of veh.i.cier ani: will pol' ect all fees anr's
cher7es nrov i ec :or by F^ oro nanoes, resolutions
aM
regulations for the use of the on -street parka ng facili-
ties
acili-
ties and the off-st.reet:. parkin' facilities of said city.
(f) Subject to the provisions of the Conntitu-
tion and laws of the State of _Ca.nsns, the City- will main-
tain parking meters and collect rates therefrom on ni.l
public streets in the !City ,.where such r_.arking meters
are loc,yted or. the Nate o:. the Y_,arsgye f r,�
�' o.. this a. ..i.I-.nee
and on such streets ana in such off-street nark in> r ll -
t es where pRrhing meter,`' rhall hereafter be loccte',
provide: , however, that the 31t shall have the •h ;
to make such chanes in the lor t or. of varking me'
r
a.; are made necer er-,- in t.'rIe junFnent of the javerr..ir-
body of the Cityby ch`'n'er in the streets of tho T,
such as the wideninp or clariY'n thereof, and chances
in the location of narking- meters deemed necessary for
traffic regulation an6 control, Me ;"!{-y covenants
and agrees that it will qt all tires en envor to maker
any changes In the loc.., t.._ar, of on -street: ~;ark:. ni
neters or in the rates Or chnrge.s made for on-streal
Arkin; in a Eanner t'1.^t :V 7 not mqteripily re ,.'.ce thr,
reveni es at the time being J.eY .(> by the fit' fron M,
o erption of sail off-street rarkfnF facilities nr
oT -street Y'n rki nF', meters.
Q) .he City will not in the suture sel , mor+7070,
n1eir-.e or otherwise encl:.mher sail off-street 3 _:l'
fac _l ties and r.•arkinF .,,r,-t"A,n, Or any rnrt thereof,' or
an;: ext.en`ions or i.mrrovements thereto, nor will the
City take any: action in relation to said oaf -street n^rk-
ing Acil.it, .es and parkin.a meters whtch uo'.tld affect un-
favorably the security of the Public _ n r1
_,even,._'e onC'_.s, Series ..--', of the City, heron`) authorize,
or "t tin promrt p'3y eClt of the Pr7 ne irn! of ?nom, int -r rt an
I
I
(h) The City will carr '' -nil maintain such reaFon-
able amount of insurance, inclulinF public liar ill -Q!
and workmen's corrensation inFurnnep, or W6 off-street.
parkinr AcIlitier an6 on its over3tior thereof ar wowl:�
normally be carrleK by a privnts cor-orntion erg vFe" Ar
a similar activity, All of the cost of such insurance
shall be vaid as an orerating cost out of the reverur7
of the Public narkann stations an the narkinr neterF
Of the City, in the event the City rhplllease wn: of
sqi5 off-street vnrkin7 NcIlMer to nn- nerson or "Ci no -
ration for the n1rno7p of oyerattnZ thr spre , it Onl'
rerilrc Fnah ierrcc to c7rry on" -vlr�aln -11 nuch Ar-
cvr7rce.
(:) 7hn -V- rh3l! Reer �rc7ey �ookr, recor§r in-'
Accovn�s kronrqlc Pro, nil o4hrr rccoria 7r� npcornt7
of the City) in -hich car-loto -n& correct onirlea Y271
he mw4r of oil trorFnctionF relatin- to sain on-7trcet
iarkirF meters an sai5 off-strcet rarklnE facilities
Of the City, ZPAS hooki Y111 Ve her! by the Cit: orcor?-
inF to stan�arl nccountin7 -rRctice is q-rilenhie to
the oner7tion of such fpchiltips by Munaclr"IUIPF.
,nn 1- at the em of each c0ennar or fivcii :enr, thr;
Sity will cause in quAt to be yKe b; comyetent, f!7'.-_
Qom, injepent cerllfle. -uhlir iccount-nts of the
o-eratAn of tall fqCMt!eE. 7f sA4 av,:t AV17 -!a-
close Unt 7rorer nrov!Fjor ME not boon 4i'e for n17
of the recuirnments of this Or_ lrence and of the
of the State o7 jnnP97, then the rovernInF body of the
City viD -roceK to czvEe to V chnrFe4 for the
services qnS facilities of said W7.strcet nnrhJ.n,_*
facilities of the City acquired with the proceeds of
the Public Parking Facility Pe7erue "onVr, Series TA -2,
herein authorized, such rates ane charges as will aVe-
quately provide for the requirements hrrwknl-fore set
forth. Within Mrty (10) Says after the completion
of said nsd5t, a cory of the same oil! he filed with
the City Clerk and will be ones to -oblic inn7ection
an& - copy thereof will be mallei to the orLEinmol rur-
chasers of the Public Parking 7acility -evenne Ronds,
Series FA -2, of the City, herein authorized. Cap ie
of saA audit shall also be furnAshej to the hoMer of
a. of the bon�s herein authorized anon the written
recuest of such hoIJer. in the event t'i'nt; said Mt,_,
Vines sai_ ofNstreet parklnF faeLlities to any nerconF
O_ cor7oration for the rurrose of orerytinc the rqr-.
the City shall rpruire any such lessee to naintain
rroner books, recors aM accounts relythnr to suri
07eriVion on& to have an annual majit --lo thcreof b--:
idependent certified -vhlkc accoantqnt- at the en,�-,
of each caleniar or fiscal -e7n. 1 00-7 of nasq 1�51 t.
oil! be file� with the CItZ CIFr" �il n ro-I thereo
will A xalle: to the -nrch�ser of the "p7enwe OoM
herein authori1.
(j) Me Mtj will not in the Mune issue nn::
oondr or other obliFatlonr raynblp on t of or Fecrrp� it
any rqnner by the revenren der' -M Pror on-71rpnt -arK-
_nr neters which will miter!77y "ffept a yersely tV,:
secorLty of the 7mblic "nrk"nF TW 11tV 7everi e -on 7r,
7�-7, herein rutho. izef.
Q) Me City nil! not estq>Krh in thn future nn:, -
other o7f-rtreet rarkin7 focilItIP7 rhVch wil.1 natPrAv'_.
7anien the not revcrner �eK7c' hy Ac CYt� 7-o7 !I,
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1 4 he bo-nr r h or e':-
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S e ct I on 1 1, c hc -ro-v-.'an(, e � n n i
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tll e ho I r- r of rlr-y on,� 0- mo -v
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