RESOLUTION NO. 6539

A RESOLUTION OF THE CITY OF LAWRENCE, KANSAS, ORDERING THE IMPROVEMENT AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR CERTAIN MAIN TRAFFICWAY IMPROVEMENTS INCLUDING, BUT NOT LIMITED TO CONSTRUCTION, MILLING, OVERLAY, CURBING, GUTTERING, PAVING, ACQUIRING RIGHTS-OF-WAY AND EASEMENTS, SIDEWALK AND PEDESTRIAN PATH CONSTRUCTION, INSTALLATION OF TRAFFIC CONTROL DEVICES - INCLUDING SIGNS, SIGNALS, CABINETS, CONTROLLERS AND RELATED EQUIPMENT, AND ALL RELATED DESIGN, ENGINEERING AND INSPECTION WORK.

BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF LAWRENCE, KANSAS:

Section 1.  The Governing Body hereby finds that the following designated streets, or portions thereof, have been designated a major or main Trafficway within the City of Lawrence, Kansas, pursuant to K.S.A. 12-685 (Code of the City of Lawrence, Kansas, Section 17-501 et seq.), and amendments thereto:

6^th Street, between Folks Road and the South Lawrence Trafficway, (K-10) , within the City limits.

Section 2.     The Governing Body hereby authorizes the construction of certain main trafficway improvements on the streets and intersections as set forth in Section 1, including, but not limited to construction, milling, overlay, curbing, guttering, paving, acquiring rights-of-way and easements, sidewalk and pedestrian path construction, installation of traffic control devices - including signs, signals, cabinets, controllers and related equipment, and all related design, engineering and inspection work and authorizes the issuance of general obligation bonds pursuant to K.S.A. 12-685 et seq. to pay the costs thereof.

Section 3. On May 14, 2002, the governing body adopted Resolution No. 6374 authorizing $3,295,000, plus issuance and interest costs for the improvements set forth in Section 2.  The governing body hereby authorizes and allocates an additional $1,505,000, plus issuance and interest costs, for said improvements. Said total cost of $4,800,000 is hereby increased at the pro-rata rate of 1 percent per month from and after the adoption date of the resolution.  The cost of the improvements shall be paid from all lawful sources including the issuance of General Obligation Bonds pursuant to K.S.A. 12-685 et seq. and other lawful authority.

Section 4.  The City expects to design, construct and to make additional capital expenditures on and after the date of adoption of this resolution in connection with the improvements set forth in this resolution, and the City intends to reimburse itself for such expenditures with the proceeds of the bonds and/or notes in the maximum principal amount of $1,505,000 plus costs of issuance and interest costs.

Adopted on this 13^th day of April, 2004.

APPROVED:

                                                                        ______________________________

                                                                        Mike Rundle, Mayor

ATTEST:

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Frank S. Reeb, City Clerk