ORDINANCE NO. 9389

 

AN ORDINANCE OF THE CITY OF LAWRENCE, KANSAS, AUTHORIZING AND PROVIDING FOR THE CONSTRUCTION OF STORMWATER DRAINAGE IMPROVEMENTS IN THE CITY; AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE CITY TO PAY THE COSTS THEREOF.

 

            WHEREAS, K.S.A. 12-631r et seq. (the “Act”) provides, in part, that whenever the governing body of any city determines it is necessary to construct storm sewers, channels, retention basins or drains for the purpose of managing the storm drainage areas of all or any portion of such city and in the unincorporated areas outside of but within three miles of the corporate limits of such city, the governing body may authorize the construction of such storm sewers, channels, retention basins or drains, such construction shall be authorized by ordinance; such ordinance shall designate where such storm sewers, channels, retention basins or drains shall be located; and construction of such improvements located outside the corporate limits of a city shall not commence unless such construction is approved by a resolution adopted by the board of county commissioners of the county in which such improvements are to be located; and

 

            WHEREAS, the governing body of the City of Lawrence, Kansas (the “City”) hereby finds and determines that it is necessary to construct storm sewer improvements within the corporate limits of the City described as the installation of a storm sewer system along Ousdahl Road, 23^rd Street and 24^th Street, including storm sewer inlets, pavement repair, relocation of sanitary sewer main, property acquisition and a storm sewer detention basin, generally as described on the attached Exhibit A (the “Project”); and

 

            WHEREAS, the governing body of the City hereby further finds and determines that general obligation bonds of the City should be issued under the authority of the Act to pay the costs of the Project and related financing costs.

 

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

 

            Section 1.         Findings.  It is hereby found and determined that the Project be constructed in accordance with the plans and specifications therefor which are to be prepared by or approved by the City Engineer, and which will be placed on file for public inspection.  The estimated construction and engineering costs of the Project are $3,775,000 plus costs of issuance and interest on any temporary financing.

 

            Section 2.         Financing.  A portion of the costs of the Project, interest on interim financing and associated financing costs shall be payable from the proceeds of general obligation bonds of the City issued under authority of the Act (the “Bonds”) in an amount not to exceed $2,455,000 plus costs of issuance and interest on any temporary financing, with the balance of said estimated costs to be paid from other City funds.

 

            Section 3.         Reimbursement.  Any Bonds issued under the authority of this Ordinance may be used to reimburse expenditures made on or after the date that is 60 days before the date of passage of this Ordinance pursuant to U.S. Treasury Regulation §1.150-2.

 

            Section 4.         Effective Date.  This Ordinance shall be in force and take effect from and after its passage and approval, and publication of the Ordinance or a summary thereof once in the official City newspaper.

 

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            PASSED by the governing body of the City on August 8, 2017 and APPROVED AND SIGNED by the Mayor.

 

 

 

(SEAL)                                                                                                                                               

Leslie Soden, Mayor

 

ATTEST:

 

 

 

                                                           

Sherri Riedemann, Clerk

 

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EXHIBIT A