ORDINANCE NUMBER 20-11038
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.
WHEREAS, on July 29, 2020, the Board of Directors of the Salina Airport Authority (the “Authority”) adopted a resolution approving the issuance of not to exceed $2,200,000 (exclusive of costs of issuance and any temporary financing costs) of general obligation bonds of the Authority to pay the cost of land acquisition (the “Project”), as authorized by K.S.A. 27-315 to 27-326, inclusive; and
WHEREAS, the total cost of the Project shall not exceed $2,200,000; 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 29, 2020, providing for the issuance of not to exceed $2,200,000 (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, or publication of a summary thereof, in the official city newspaper.
PASSED by the commission the 10th day of August, 2020, and SIGNED by the Temporary Chair, by direction of the Commission, the Mayor being absent from the meeting.
Introduced: August 6, 2020
Passed: August 10, 2020
[Seal] Trent W. Davis, M.D., Temporary Chair
Shandi Wicks, CMC, City Clerk
(Published in The Salina Journal on August __, 2020)
SUMMARY OF ORDINANCE NUMBER 20-11038
On August 10, 2020, the City of Salina, Kansas, passed Ordinance No. 20-11038. The ordinance unconditionally approves the Salina Airport Authority’s issuance of general obligation bonds and/or temporary notes to fund land acquisition. A complete copy of the ordinance is available at www.salina-ks.gov for not less than 7 days following the publication date of this summary or in the office of the City Clerk, 300 W. Ash Street, free of charge. This summary is certificated to be legally accurate and sufficient pursuant to the laws of the State of Kansas by the city attorney.
The publication summary set forth above is certified this ____ day of August, 2020.
Greg A. Bengtson, City Attorney