97-9807 Appr Airport BondsUwu.
(Published in The Salina Journal June 1Y , 1997)
ORDINANCE NUMBER 97-9807
AN ORDINANCE UNCONDITIONALLY APPROVING THE ISSUANCE OF
GENERAL OBLIGATION BONDS BY THE SALINA AIRPORT AUTHORITY IN AN
AMOUNT NOT TO EXCEED $3,100,000 FOR THE PURPOSE OF FINANCING THE
COST OF STREET AND PARKING LOT IMPROVEMENTS LOCATED AT THE
SALINA AIRPORT AUTHORITY INDUSTRIAL CENTER.
WHEREAS, on May 21, 1997, the Board of Directors of the Salina
Airport Authority (the "Authority") adopted a resolution approving the
issuance of not to exceed $3,100,000 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 site
preparation drainage improvements, street improvements and terminal building
parking lot improvements (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 resolution to the Mayor of the City, who shall present such
resolution to the governing body of the City for its approval or disapproval.
SO NOW THEREFORE,
Kansas:
BE IT ORDAINED by the Governing Body of the City of Salina,
Section 1. That the resolution of the Salina Airport Authority
adopted May 21, 1997, providing for the issuance of not to exceed $3,100,000
in general obligation bonds of the Authority for 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 adoption and publication once in the official city
newspaper.
Introduced: June 2, 1997
Passed: June 9, 1997
ristin M. Ston, Mayor
[SEAL]
ATTEST:
COD . Lo g , CMC , City Jerk