WHEREAS, on
September 21, 2004, the Governing Body of the City of Lawrence, Kansas, adopted
Resolution No. 6566 authorizing the construction of certain main trafficway improvements on Kasold Drive, from Peterson Road
north to the City Limits, including, but not limited to the reconstruction,
curbing, guttering, paving, acquiring right-of-way and easements, sidewalk and
pedestrian path construction, storm sewer, 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; and
WHEREAS,
Resolution No. 6566 provided that the estimated costs of the project were
$770,000, and authorized the issuance of general obligation bonds in the same
amount to pay the costs of the project; and
WHEREAS, the
estimated costs of the improvements have increased, necessitating the amendment
of Resolution No. 6566.
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF
SECTION I. Section III of Resolution No. 6566 is hereby
amended as follows:
SECTION
III. The estimated cost
for the improvements on the streets and intersections described in Section 1, is $1,200,000 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
II. The original
Section III of Resolution No. 6566 is hereby repealed.
SECTION III. 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
Resolution No. 6566, 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 $1,200,000 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
Interim City Manager and
Director of Legal
Services