RESOLUTION NO. 6643 

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 MILLING, OVERLAY, CURBING, GUTTERING, PAVING, 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 I.  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:

Bob Billings Parkway, Inverness Drive to Wakarusa Drive

Naismith Drive, 19^th Terrace to 23^rd Street

Tennessee Street, 19^th Street to 23^rd Street

West 27^th Street, 550 feet west of Iowa Street to Lawrence Avenue

SECTION II.  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 milling, overlay, curbing, guttering, paving, acquiring right-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 III.  The estimated cost for the improvements on the streets and intersections described in Section 1, is $700,000 plus issuance and interest costs, for said improvements.  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 IV.  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 $700,000 plus costs of issuance and plus costs of interest and temporary financing.

ADOPTED on this ________ day of _________________, 2006.

                                                          APPROVED  

                                                                                                                                                                            _________________________________

                                                          Mike Amyx, Mayor

ATTEST:

____________________________________

Frank S. Reeb, City Clerk

Approved as to form and legality

____________________________________

David L. Corliss                              Date

Director of Legal Services