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HomeMy Public PortalAboutOrd 435 GO Bonds Stormwater Drainage Gilmore & Bell, P.c. 02/01/2006 (Published in the Ark Valley News, on February !L, 2006) ORDINANCE NO. '135 AN ORDINANCE OF THE CITY OF BEL AIRE, 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. l2-63lr(a) 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 WHEREAS, the governing body of the City of Bel Aire, 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 follows: Culvert improvements at Danbury St. between Gunnison & Janesville and Perryton Street between Janesville and Woodlawn in Pearson First Addition to the City of Bel Aire, Kansas (collectively, 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 OF BEL AIRE, 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, engineering and financing costs of the Project are $100,000. Section 2. Financing. The costs of the Project 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 $100,000. kmc\40 181 O.25\culvert project authorization Section 3. Reimbursement. Any Bonds issued under the authority of this Ordinance may be used to reimburse expenditures made on or after the date that is 60 days before the date of passage of this Ordinance pursuant to U.S. Treasury Regulation 91.150-2, Section 4. Effective Date. This Ordinance shall be in force and take effect from and after its passage, approval and publication once in the official City newspaper. [BALANCE OF THIS PAGE INTENTIONALLY LEFT BLANK] kmc \401 81 0 .25\cu Ivert proj ec t authorizati on 2 PASSED by the governing body of the City on February 7, 2006 and APPROVED AND SIGNED by the Mayor. 11, ," (' ....".,~\.. . ,,'" .~, l i i i "",~' ! 1".. ,~:tsEAt{" , , \II. - \ '\ '; \" "'''-'', " \" '. c "'\'" .' . \~. . " \ ,\ \ "., '. AITP$~: I.," \ t, . \' \ \' \ \ ~ . " , \ \ : ~~ ~ c:;(/~ v" Clerk ~.~. ~ / ~~#?Z, ~~ Mayor [BALANCE OF THIS PAGE INTENTIONALLY LEFT BLANK] kmc\40181 O,25\culvert project authorization 3 CERTIFICATE I hereby certify that the foregoing is a true and correct copy of the original ordinance; that said Ordinance was passed on February 7, 2006; that the record of the final vote on its passage is found on page _ ofjoumal_; and that it was published in the Ark Valley News on February 16,2006. DATED: February 16,2006. ~7 or~ Clerk [BALANCE OF THIS PAGE INTENTIONALLY LEFT BLANK] kmc\40181 O.25\culvert project authorization 4