RESOLUTION NO. 6530

A RESOLUTION OF THE CITY OF LAWRENCE, KANSAS, ORDERING THE IMPROVEMENT AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR CERTAIN MAIN TRAFFICWAY IMPROVEMENTS INCLUDING, BUT NOT LIMITED TO CONSTRUCTION, MILLING, OVERLAY, CURBING, GUTTERING, PAVING, ACQUIRING RIGHTS-OF-WAY AND EASEMENTS, SIDEWALK AND PEDESTRIAN PATH CONSTRUCTION, BICYCLE FACILITIES, INSTALLATION OF TRAFFIC CONTROL AND TRAFFIC CALMING DEVICES - INCLUDING SIGNS, ROUNDABOUTS, TRAFFIC CALMING CIRCLES, SIGNALS, CABINETS, CONTROLLERS AND RELATED EQUIPMENT, SUBGRADE STABILIZATION, STORMWATER IMPROVEMENTS AND ALL RELATED DESIGN, ENGINEERING AND INSPECTION WORK.

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 (Code of the City of Lawrence, Kansas, Section 17-501 et seq.), and amendments thereto:

Overland Drive (between Wakarusa Drive and Queens Road), within the City limits.

Section 2.     The Governing Body hereby authorizes improvements and the issuance of General Obligation Bonds pursuant to K.S.A. 12-685 et seq. to pay the costs for certain main trafficway improvements on the streets and intersections as set forth in Section 1, including, but not limited to construction, milling, overlay, curbing, guttering, paving, acquiring rights-of-way and easements, sidewalk and pedestrian path construction, bicycle facilities, installation of traffic control and traffic calming devices - including signs, roundabouts, traffic calming circles, signals, cabinets, controllers and related equipment, subgrade stabilization, stormwater improvements and all related design, engineering and inspection work.

Section 3.  The estimated cost for the improvements on the streets and intersections described in Section 1, is $1,424,997 plus issuance and interest costs, for said improvements.  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 such 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 $1,424,997 plus costs of issuance and interest  costs.

Adopted on this 6th day of April, 2004.

APPROVED.

                                                                        ______________________________

                                                                        David M. Dunfield, Mayor

ATTEST:

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Frank S. Reeb, City Clerk