RESOLUTION NO. 7029

            A RESOLUTION AUTHORIZING THE PURCHASE OF EQUIPMENT FOR THE CURBSIDE RECYCLING PROGRAM OF THE CITY OF LAWRENCE, KANSAS AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR THE PURPOSE OF PAYING A PORTION OF THE COSTS THEREOF.

WHEREAS, K.S.A. 12-2101 et seq., as amended and supplemented from time to time, (the “Act”) provides, in part, that the governing body of any city in the State of Kansas may purchase equipment, acquire land, and construct structures for the purpose of refuse collection when the service is provided as a municipal function; and

WHEREAS, the Act provides that the governing body may issue general obligation bonds or temporary notes of the city when funds on hand are insufficient to pay the costs of purchasing equipment, acquiring land, and constructing structures for the purpose of refuse collection; and

WHEREAS, the governing body of the City of Lawrence, Kansas (the “City”), hereby finds and determines it necessary to authorize and provide for the purchase of equipment for the Curbside Recycling Program of the City, as more fully described herein, and to provide for the payment of the costs thereof.

THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF CITY OF LAWRENCE, KANSAS:

Section 1.  Project Authorization. The purchase of the following equipment is hereby authorized and directed to be made (the “Project”):

Acquisition of four collection vehicles, carts and dumpsters, and all other equipment necessary to implementing the Curbside Recycling Program to be administered by the City’s Solid Waste Division. 

Section 2.  Bond Authorization. The City finds it necessary to issue general obligation bonds or temporary notes of the City, in an amount not to exceed $2,233,332 plus costs of issuance and interest on any temporary financing (the “Bonds”), under authority of the Act, to pay a portion of the costs of the Project.  The Bonds may be issued to reimburse expenditures made on or after the date which is 60 days before the date of this Resolution, pursuant to Treasury Regulation 1.150-2. 

Section 3.  Before issuing the Bonds, this Resolution shall be published once each week for two consecutive weeks in the official city newspaper; and if within thirty (30) days after the publication of this Resolution, there shall be filed with the Clerk, a written protest against the issuance of the Bonds, signed by not less than five per cent (5%) of the qualified electors of the City, the governing body may submit the question of issuing the Bonds to the electors of the City at a special election to be called for that purpose as provided by the Act.  If no sufficient protest is filed with the Clerk within thirty (30) days after the publication of this Resolution, then the governing body of the City shall proceed to issue the Bonds.

            Section 4.  This Resolution shall be in full force and effect from and after its adoption.

ADOPTED by the governing body of the City of Lawrence, Kansas, on _______ __, 2013.

                                                          APPROVED:

(SEAL)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

                                                               Michael Dever, Mayor

ATTEST:

 Jonathan M. Douglass, City Clerk