BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF LAWRENCE, KANSAS:
SECTION I. The Governing Body hereby finds that the following designated streets, or portions thereof, have been designated a major or main Trafficway within the City of Lawrence, Kansas, pursuant to K.S.A. 12-685 et seq. (Code of the City of Lawrence, Kansas, Section 17-501 et seq.), and amendments thereto:
Iowa Street, within the city limits
SECTION II. The Governing Body hereby authorizes the construction of certain main trafficway improvements of:
The addition of bus lanes, and the repaving of Iowa Street from
South City Limits to 6th Street, curb and gutter, sidewalks, waterline
within the right of way, traffic signalization and geometric improvements
and all related design, engineering and inspection work.
SECTION III. The estimated cost for these improvements on the streets and intersections described in Section 1, is $600,000 plus costs of issuance and interest on any temporary financing for said improvements. The cost of the improvements shall be paid from all lawful sources including the issuance of General Obligation Bonds and temporary notes pursuant to K.S.A. 12-685 et seq. and other lawful authority including grant monies. The City expects to be reimbursed for a portion of such costs from a grant in the amount of approximately $200,000.
SECTION IV. The City expects to design, construct and to make capital expenditures on and after the date of adoption of this resolution in connection with the improvements set forth in this resolution, and the City intends to reimburse itself for such expenditures with the proceeds of general obligation temporary notes and proceeds of general obligation bonds in the maximum principal amount of $400,000 plus costs of issuance and plus costs of interest on any temporary financing.
SECTION V. This Resolution shall be effective from and after adoption by the Governing Body.
ADOPTED by the Governing Body of the City of Lawrence, Kansas on this 17th day of July, 2012.
APPROVED
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Robert J. Schumm, Mayor
ATTEST:
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Jonathan M. Douglass, City Clerk
Approved as to form and legality
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Toni Ramirez Wheeler Date
City Attorney