News Releases

8/9/2016 - Ordinance No. 16-10845 Salina Airport Authority General Obligation Bonds

ORDINANCE NUMBER 16-10845

 AN ORDINANCE UNCONDITIONALLY APPROVING THE ISSUANCE OF GENERAL OBLIGATION BONDS BY THE SALINA AIRPORT AUTHORITY FOR THE PURPOSE OF FINANCING THE COST OF CERTAIN CAPITAL IMPROVEMENTS LOCATED AT THE SALINA REGIONAL AIRPORT AND AIRPORT INDUSTRIAL CENTER AND THE SALINA MUNICIPAL AIRPORT.

             WHEREAS, on July 20, 2016, the Board of Directors of the Salina Airport Authority (the “Authority”) adopted a resolution approving the issuance of not to exceed $648,220 (exclusive of costs of issuance and any temporary financing costs) of general obligation bonds of the Authority to pay the cost of certain capital improvements located at the Salina Regional Airport and Airport Industrial Center, including, but not limited to, the rehabilitation of Taxiway E, the relocation of Taxiway A Holding Position at Runway 35, and the rehabilitation of Runway 17-35 (the “Project”), as authorized by K.S.A. 27-315 to 27-326, inclusive; and

             WHEREAS, the total cost of the Project is estimated to be $2,946,461.30, with approximately $2,298,925.17 of the cost being provided by grants from the Federal Aviation Administration; and  

             WHEREAS, K.S.A. 27-323 provides that the Authority shall forward a copy of such resolution to the Mayor of the City, who shall present such resolution of the governing body of the City for its approval or disapproval.

 SO NOW THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF SALINA, KANSAS AS FOLLOWS:

             Section 1.         That the resolution of the Salina Airport Authority adopted on July 20, 2016, providing for the issuance of not to exceed $648,220 (exclusive of costs of issuance and any temporary financing costs) of general obligation bonds of the Authority for the purpose of financing the cost of the Project is hereby unconditionally approved.

             Section 2.         That this ordinance shall be in full force and effect from and after its adoption and publication once in the official city newspaper.

                                                                                     Introduced:       August 1, 2016

                                                                                    Passed:               August 8, 2016                                                                                            

                                                                                    

[Seal]                                                                           Kaye J. Crawford, Mayor

ATTEST:

Shandi Wicks, CMC, City Clerk

 PUBLICATION SUMMARY OF ORDINANCE NO. 16-10845, PASSED BY THE GOVERNING BODY OF THE CITY OF SALINA, KANSAS ON THE 8TH DAY OF AUGUST, 2016

SUMMARY

On August 8, 2016, the Governing Body of the City of Salina, Kansas, adopted Ordinance No. 16-10845, unconditionally approving the issuance of not to exceed $648,220 (exclusive of costs of issuance and any temporary financing costs) general obligation bonds by the Salina Airport Authority to pay the cost of certain capital improvements located at the Salina Regional Airport and Airport Industrial Center, including, but not limited to the rehabilitation of Taxiway E, the relocation of Taxiway A Holding Position at Runway 35, and the rehabilitation of Runway 17-35 (the “Project”), as authorized by K.S.A. 27-315 to 27-326, inclusive. The complete text of this ordinance may be obtained or viewed free of charge at the office of the City Clerk, 300 West Ash Street, Salina, Kansas, or on the City’s official website address, www.salina-ks.gov, where a reproduction of the original ordinance will be available for a minimum of one week following this summary publication.

This summary is certified this 8th day of August, 2016.

Greg A. Bengtson

City Attorney

Publish one time and return one Proof of Publication to the City Clerk.