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 et seq. (Code of the City of Lawrence, Kansas, Section 17-501 et seq.), and amendments thereto:
23rd Street (K-10), within the corporate limits of the City
A street to be named, from the northern terminus of O’Connell Road (at 23rd Street) north to 19th Street
SECTION 2. The Governing Body hereby authorizes the construction of certain main trafficway improvements as follows:
a. Improvements at the intersection of 23rd Street (K-10) and O’Connell Road, including, but not limited to, traffic signalization and geometric improvements, and all related design, engineering and inspection work; and
b. Construction of a new street, to be named, from the northern terminus of O’Connell Road (at 23rd Street north approximately 2640 feet, including, but not limited to, pavement and base construction, sidewalks and recreational paths, parking, storm sewer, curbs and gutters, and all necessary and appropriate improvements, 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. The estimated cost for these improvements on the streets and intersections described in Section 1 is $850,000 plus costs of issuance and interest on any temporary financing 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 4. The City expects to design, construct and to make 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 $850,000 plus costs of issuance and plus costs of interest on any temporary financing.
SECTION 5. This Resolution shall be effective from and after adoption by the Governing Body.
ADOPTED by the governing body of the City of Lawrence, Kansas, on September 6, 2011.
APPROVED
_________________________________
Aron E. Cromwell, Mayor
ATTEST:
____________________________________
Jonathan M. Douglass, City Clerk