06-6345 Initiate Downtown Signal ImprovementsRESOLUTION NUMBER 06-6345
RESOLUTION INITIATING PROCEEDINGS BY THE GOVERNING BODY FOR
STREET AND INTERSECTION IMPROVEMENTS IN THE CITY OF SALINA, KANSAS.
WHEREAS, by the adoption of Ordinance No. 02-10071 on February 25, 2002, the
Governing Body of the City of Salina, Kansas (the "City"), designated Santa Fe Avenue and Iron
Avenue as main trafficways pursuant to K.S.A. 12-685 et seq. (the "Act"); and
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WHEREAS, the Governing Body of the City has determined that it is necessary to improve
s or reimprove portions of said main trafficways as follows:
The replacement of traffic control devices and associated controls at the following intersections:
Santa Fe Avenue and Iron Avenue
Santa Fe Avenue and Walnut Street
Iron Avenue and Fifth Street
Iron Avenue and Seventh Street
(the "Improvements"); and
WHEREAS, reports, estimates and plans have been compiled and furnished to the
Governing Body of the City to provide them with sufficient information in order to enable them to
commence proceedings for the construction of the Improvements:
NOW THEREFORE BE IT RESOLVED by the Governing Body of the City of Salina,
Kansas:
Section 1. Proceedings are hereby initiated pursuant to the provisions of the Act for the
purpose of proceeding with the Improvements.
Section 2. The City Manager and other City staff are authorized to take all necessary
actions to proceed with the Improvements.
Section 3. It is anticipated that the cost of the Improvements shall be paid from funds of the
City available for such purpose and/or by the City -at -large through the issuance of one or more
series of general obligation bonds of the City as provided by the Act, and pending the issuance of
said bonds, through the issuance of one or more series of temporary notes of the City, the estimated
maximum principal amount of such obligations being $692,042.26, plus costs of issuance and plus
costs of interest on any temporary financing.
Section 4. The City expects to make capital expenditures on and after the date of adoption
of this Resolution in connection with the Improvements, and intends to reimburse itself for such
expenditures with the proceeds of one or more series of general obligation bonds and temporary
notes of the City in the estimated maximum principal amount of $692,042.26, plus costs of issuance
and plus costs of interest on any temporary financing.
Section 5. This resolution shall be in full force and effect from and after its adoption.
Adopted by the Board of Commissioners and signed by the Mayor this 18"' day of
December, 2006.
Donnie D. Marrs, Mayor
(SEAL)
ATTEST:
Lieu Ann Elsey, CMC, ity Clerk