98-9866 Appr Airport Bonds(Published in The Salina Journal May g , 1998)
ORDINANCE NUMBER 98-9866
AN ORDINANCE UNCONDITIONALLY APPROVING THE ISSUANCE OF
vERAL OBLIGATION BONDS BY THE SALINA AIRPORT AUTHORITY IN AN
OUNT NOT TO EXCEED $1,340,000 FOR THE PURPOSE OF FINANCING THE
ST OF STREET AND PARKING LOT IMPROVEMENTS LOCATED AT THE
.INA AIRPORT AUTHORITY INDUSTRIAL CENTER.
WHEREAS, on April 22, 1998, the Board of Directors of the Salina Airport
Authority (the "Authority") adopted a resolution approving the issuance of not to exceed
1,340,000 of general obligation bonds of the Authority to pay the cost of street and parking lot
improvements located at the Salina Airport Authority Industrial Center, including but not limited to
�ite preparation drainage improvements, street improvements and terminal building parking lot
mprovements (the "Project"), as authorized by K.S.A. 27-315 to 27-326, inclusive; and
WHEREAS, K.S.A. 27-323 provides that the Authority shall forward a copy of such
ution to the Mayor of the City, who shall present such resolution to the governing body of the
for its approval or disapproval. SO NOW THEREFORE,
BE IT ORDAINED by the Governing Body of the City of Salina, Kansas:
Section 1. That the resolution of the Salina Airport Authority adopted April 22, 1998,
for the issuance of not to exceed $1,340,000 in general obligation bonds of the Authority
the purpose of financing the cost of the Project is hereby unconditionally approved.
Section 2. That this ordinance shall be in full force and effect from and after its
and publication once in the official city newspaper.
[SEAL]
TTEST:
0.
MC, City Cl k
Introduced: April 27, 1998
Passed: May 4, 1998
Peter F. Brungardt, Mayor