ORDINANCE NO.  9428

AN ORDINANCE OF THE CITY OF LAWRENCE, KANSAS, AUTHORIZING AND PROVIDING FOR IMPROVEMENTS TO THE STORM SEWER SYSTEM WITHIN THE CITY; AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE CITY TO PAY THE COSTS THEREOF.

WHEREAS, the City of Lawrence, Kansas (the “City”) is authorized pursuant to Charter Ordinance No. 9428 of the City to make improvements to storm sewer systems and all appurtenances necessary to the maintenance and operation of storm sewer systems, including alley improvements associated with such storm sewer systems, and to issue general obligation bonds of the City to pay the costs thereof; and

WHEREAS, the governing body of the City hereby finds and determines it to be necessary to improve the City’s storm sewer system located in the alley between Vermont Street and Massachusetts Street, from 8^th Street to 9^th Street, by removing the existing canopy and replacing the underground storm water collection piping and associated inlets, and repairing and replacing the associated sidewalk improvements, (the “Project”); and

WHEREAS, the governing body of the City further finds and determines that the costs of the Project may be financed by the issuance of general obligation temporary notes or bonds of the City.

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

            Section 1.   It is hereby deemed and declared to be necessary to improve, construct, reconstruct, develop and redevelop the Project at an estimated cost of $350,000.00 plus costs of issuance and interest on any financing.

            Section 2.   It is necessary to issue general obligation bonds of the City pursuant to Charter Ordinance No. 28, in an amount not to exceed $350,000.00 plus costs of issuance and interest on any temporary financing, to pay the costs of the Project and financing costs.  Said notes and bonds may be issued to reimburse expenditures made on or after the date which is 60 days before the date of this Ordinance, pursuant to Treasury Regulation 1.150-2. 

            Section 3.   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 December 12, 2017 and APPROVED AND SIGNED by the Mayor.

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ATTEST:                                              Leslie Soden, Mayor

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Sherri Riedemann, City Clerk

(PUBLISHED IN THE LAWRENCE JOURNAL-WORLD ON DECEMBER ____, 2017)

SUMMARY OF ORDINANCE NO. ____

          On December 5, 2017, the governing body of the City of Lawrence, Kansas (the “City”) passed an ordinance entitled:

AN ORDINANCE OF THE CITY OF LAWRENCE, KANSAS, AUTHORIZING AND PROVIDING FOR IMPROVEMENTS TO THE STORM SEWER SYSTEM WITHIN THE CITY; AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE CITY TO PAY THE COSTS THEREOF.

          This Ordinance authorizes and provides for certain improvements to the storm sewer system within the City pursuant to Charter Ordinance No. 28 and authorizes the issuance of general obligation bonds of the City to pay the costs thereof. A complete text of the Ordinance may be obtained or viewed free of charge at the office of the City Clerk, Six East 6^th Street, Lawrence, Kansas 66044.  A reproduction of the Ordinance is available for not less than 7 days following the publication date of this Summary at https://lawrenceks.org/ordinances-resolutions/.

          This Summary is hereby certified to be legally accurate and sufficient pursuant to the laws of the State of Kansas.

          DATED:  December 5, 2017.

City Attorney