RESOLUTION NO. 6984

 

 

A RESOLUTION OF THE CITY OF LAWRENCE, KANSAS, AMENDING SECTION III OF RESOLUTION NO. 6778 AND ORDERING THE IMPROVEMENT AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR CERTAIN MAIN TRAFFICWAY IMPROVEMENTS WITHIN THE CITY OF LAWRENCE, KANSAS.

 

 

            WHEREAS, on July 22, 2008, the City of Lawrence, Kansas (the “City”) adopted Resolution No. 6778 authorizing certain improvements to 6th Street, from Massachusetts to Iowa Street; and Iowa Street, from 6th Street to 23rd Street (the “Improvements”) pursuant to K.S.A. 12-685 et seq.; and

 

            WHEREAS, the City desires to amend Resolution No. 6778 to reflect such increased costs of the Improvements.

 

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

 

            SECTION 1.   Section 2 of Resolution No. 6778 is hereby amended as follows:

 

            Section 2.         The estimated cost for the Improvements described in Section II is $271,500.00, not including costs of issuance and interest on any temporary financing.  The cost of the Improvements shall be paid from all lawful sources including the issuance of General Obligation Bonds pursuant to K.S.A. 12-685 et seq. and other lawful authority.

 

            SECTION 2.   The City expects to design and construct and to make additional 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 the bonds and/or notes in the maximum principal amount of $271,500 plus costs of issuance and interest on any temporary financing.

 

            SECTION 3.   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 August 7, 2012.

 

 

 

(Seal)                                                                                                                                                                                                                                                                                                                  Mayor

ATTEST:

 

 

                                                                                                                         

                             Clerk