BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF LAWRENCE, KANSAS:
SECTION 1. 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:
Massachusetts Street, from 6th Street to 12th Street
SECTION 2. The Governing Body hereby authorizes the construction of certain main trafficway improvements as follows:
Improvements to street lighting on Massachusetts Street, from 6th Street to 12th Street, including but not limited to replacement and repair of decorative street lighting and 30’ street light poles, and all 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 $120,000 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 $120,000 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 _______ __, 2013.
APPROVED
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Michael Dever, Mayor
ATTEST:
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Jonathan M. Douglass, City Clerk