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:
WEST 6TH STREET, FROM MASSACHUSETTS STREET TO WEST CITY LIMIT
IOWA STREET, FROM WEST 6TH STREET TO SOUTH CITY LIMIT
SECTION II. The Governing Body hereby authorizes the improvements along certain main traffic-ways and intersections as set forth in Section 1, including, but not limited to, geometric improvements to provide a dedicated left turn lane for westbound traffic, utility relocation including traffic signal poles, safety barriers and other related 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 III. The estimated cost for the improvements on the streets and intersections described in Section 1 is $900,000 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 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 $900,000 plus costs of issuance and plus costs of interest and temporary financing.
ADOPTED on this __________ day of _____________________________, 2011.
APPROVED
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Aron E. Cromwell, Mayor
ATTEST:
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Jonathan M. Douglass, City Clerk
Approved as to form and legality
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Toni R. Wheeler Date
Director of the Legal Department