RESOLUTION NO. 7205

A RESOLUTION AUTHORIZING THE IMPROVEMENT OR REIMPROVEMENT OF CERTAIN MAIN TRAFFICWAYS WITHIN THE CITY OF LAWRENCE, KANSAS; AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR THE PAYMENT OF THE COSTS THEREOF.

WHEREAS, K.S.A. 12-687 et seq. provides that the governing body of any city shall have the power to improve or reimprove or cause to be improved or reimproved, any main trafficway or trafficway connection designated and established under the provisions of K.S.A. 12-685 et seq. (the “Act”), and such improvement or reimprovement may include grading, regrading, curbing, recurbing, guttering, reguttering, paving, repaving, macadamizing, remacadamizing, constructing, reconstructing, opening, widening, extending, rounding corners, straightening, relocating, building any necessary bridges and approaches thereto, viaducts, overpasses, underpasses, culverts and drainage, trafficway illumination, traffic control devices, pedestrian ways, or other improvements or any two or more of such improvements or reimprovements and the acquisition of right-of-way by purchase or condemnation when necessary for any of such purposes; and

WHEREAS, the Act provides that all costs of improvements or reimprovements authorized thereunder, including acquisition of right-of-way, engineering costs, and all other costs properly attributable to such projects, shall be paid by the city at large and may be funded, among others, by the issuance of general obligation bonds; and

WHEREAS, the governing body of the City of Lawrence, Kansas (the “City”), has previously designated certain streets within the City as main trafficways, as provided by and under the authority of the Act and Ordinance No. 9353; and

WHEREAS, the governing body hereby finds and determines that it is necessary to improve or reimprove said main trafficways, and to provide for the payment of the costs thereof, all as provided by and under the authority of the Act.

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

Section 1. Project Authorization. Pursuant to the Act, it is hereby deemed and declared to be necessary to improve or reimprove the main trafficways hereinafter set forth (the “Project”), as described below:

Traffic calming devices including traffic circles, at the following locations:

· W. 17^th Street and Indiana

· W. 18^th Street and Indiana

· W. 17^th Street and Illinois

· W. 18^th Street and Illinois

Speed humps and speed cushions, at the following locations:

· Ousdaul Road from 26^th Street to 23^rd Street

· Trail Road from Kasold to Folks Road

Section 2. Financing Authority. The estimated costs of the Project, including construction, engineering fees, acquisition of right-of-way and easements, contingencies and administrative expenses are $400,000, plus costs of issuance and interest on any temporary financing. The cost of the Project shall be paid from the proceeds of general obligation temporary notes or bonds of the City issued under authority of the Act (the “Bonds”).

Section 3. Reimbursement. 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 Project, and the City intends to reimburse itself for such expenditures with the proceeds of general obligation temporary notes and proceeds of general obligation bonds in the maximum principal amount of $400,000 plus costs of issuance and plus costs of interest on any temporary financing.

Section 4. Effective Date. This Resolution shall take effect and be in full force from and after its adoption by the governing body of the City.

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