06-10331 Airport Authority GO Bonds1
(Published in the Salina Journal on June ID, 2006)
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AN ORDINANCE UNCONDITIONALLY APPROVING THE ISSUANCE OF GENERAL
OBLIGATION BONDS BY THE SALINA AIRPORT AUTHORITY FOR THE PURPOSE OF
FINANCING THE COST OF CERTAIN CAPITAL IMPROVEMENTS LOCATED AT THE
SALINA AIRPORT INDUSTRIAL CENTER AND THE SALINA MUNICIPAL AIRPORT.
WHEREAS, on May 17, 2006, the Board of Directors of the Salina Airport Authority (the
"Authority") adopted a resolution approving the issuance of not to exceed $2,900,000 (exclusive of costs of
issuance and any temporary financing costs) of general obligation bonds of the Authority to pay the cost of
certain capital improvements located at the Salina Airport Industrial Center and the Salina Municipal Airport,
including, but not limited to, acquisition, construction, improvement, furnishing and equipping of a building,
renovation of a hangar, planning and design of infrastructure improvements and the making first phase of
improvements to the airport terminal (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 of the governing body of the City for its approval or
disapproval.
SO NOW THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF
SALINA, KANSAS AS FOLLOWS:
Section 1. That the resolution of the Salina Airport Authority adopted May 17, 2006, providing
for the issuance of not to exceed $2,900,000 (exclusive of costs of issuance and any temporary financing
costs) of 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.
[Seal]
ATTEST:
Lieu Ann Elsey, City Clerk
Introduced: May 22, 2006
Passed: June 5, 2006
Donnie D. Marrs, Mayor