BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF LAWRENCE, KANSAS:
SECTION 1. The Governing Body hereby finds it necessary to construct fiber optic cable improvements and other associated improvements to enhance the technology infrastructure of the City of Lawrence.
SECTION 2. The Governing Body hereby authorizes the construction of fiber optic cable improvements as follows:
Improvements along 6th Street from Iowa to Wakarusa Drive, including but not limited to fiber optic cable and installation, conduit and installation of conduit, associated traffic control devices related to intelligent transportation systems and related equipment, and other fiber optic cable improvements necessary to proceed with completing the City’s redundant fiber optic system ring within Lawrence, and any related design, engineering and inspection work
and authorizes the issuance of general obligation bonds pursuant to K.S.A. 12-685 et seq. to pay the costs thereof.
SECTION 3. The estimated cost for the improvements described in Section 2 is $400,000 plus 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 4. The City expects 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 the bonds and/or notes in the maximum principal amount of $400,000 plus costs of issuance and interest on any temporary financing.
SECTION 5. 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 __, 2013.
APPROVED
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Michael Dever, Mayor
ATTEST:
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Jonathan M. Douglass, City Clerk