RESOLUTION NO. 6680
WHEREAS, the City of
Lawrence, Kansas (the "Issuer") adopted Resolution No. 6674 on
August 22, 2006, authorizing the offering for sale of General Obligation
Temporary Notes, Series 2006-I (the “Notes”) in the total principal amount of
$15,440,000; and
WHEREAS,
the Issuer has determined that it is necessary to increase the principal amount
of the Notes to be issued for the Kasold, Peterson to
KTA project from $279,230 to $1,184,230; and
WHEREAS,
the increase in the principal amount of the Notes to be issued for the Kasold, Peterson to KTA project requires a commensurate
increase in the total principal amount of the Notes, from $15,440,000 to
$16,345,000.
BE
IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF
Section 1. Section 1 of Resolution No. 6674 is
hereby amended to read as follows:
Section 1. The
Issuer is hereby authorized to offer at competitive public sale $16,345,000 principal amount of General Obligation Temporary Notes, Series 2006-I (the "Notes") and $17,260,000 principal amount of General Obligation Bonds, Series 2006-A (the "Bonds") as described in
the Notice of Sale, which is hereby approved in substantially the form
presented to the governing body this date.
Section 2. The Mayor, City Clerk, Finance
Director, and Bond Counsel are hereby authorized and directed to make
amendments to the Preliminary Official Statement and Notice of Sale to reflect
the increased dollar amounts authorized by this resolution for the Notes and
the Kasold, Peterson to KTA project, and to take all
other necessary action to carry out the public sale of the Notes and the Bonds.
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Section 3. This Resolution shall be in full force and effect from and
after its adoption.
ADOPTED by the governing body on September ___, 2006.
(SEAL)
Mayor
ATTEST:
Clerk